Multidimensional Learning

Chris Harris

Chapter Chapter 3 in Hyperinnovation, 2002, pp 55-79 from Palgrave Macmillan

Abstract: Abstract Predictions about inventions — their successes, their proliferation, even their emergence — that dominate our lives today, have frequently proven to be wrong, and often quite amusing. Take the computer. In the late 1940s it was subject to the most comprehensive market research studies of the day. The conclusion was that cumulative market demand by the year 2001 would reach a mere 1000. The computer would never make for a sizeable market, and so, at that time, it was shelved… In 1880, with high expectations, the mayor of Washington DC speculated that every city in the world would have at least one telephone by end of twentieth century… The car at the turn of 1901 was predicted to reach 1 million units by 2001. Why? Because that is how many chauffeurs would be in employment. Not a bad guess for chauffeurs, but altogether wrong in actual conclusion.

Keywords: Sensitive Experiment; Customer Class; Early Majority; Future Context; Market Learning (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0735-6_3

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DOI: 10.1057/9781403907356_3

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