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'''Erik Brynjolfsson''' (born 1962) is an American academic, author and inventor. He is the Jerry Yang and Akiko Yamazaki Professor and a Senior Fellow<ref>{{Cite web|title =Report of the Stanford University President | url = https://news.stanford.edu/today/2020/12/09/report-president-academic-council-professoriate-appointments/
'''Erik Brynjolfsson''' (born 1962) is an American academic, author and inventor. He is the Jerry Yang and Akiko Yamazaki Professor and a Senior Fellow<ref>{{Cite web|title =Report of the Stanford University President | url = https://news.stanford.edu/today/2020/12/09/report-president-academic-council-professoriate-appointments/
|website = Stanford| date = December 9, 2020
|website = Stanford| date = December 9, 2020
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He earned his [[Bachelor of Arts|A.B.]], ''[[magna cum laude]]'', in 1984 and his [[Master of Science|S.M.]] in [[applied mathematics]] and decision sciences at [[Harvard University]] in 1984. He received a [[Ph.D.]] in Managerial Economics in 1991 from the [[MIT Sloan School of Management]].<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref>
He earned his [[Bachelor of Arts|A.B.]], ''[[magna cum laude]]'', in 1984 and his [[Master of Science|S.M.]] in [[applied mathematics]] and decision sciences at [[Harvard University]] in 1984. He received a [[Ph.D.]] in Managerial Economics in 1991 from the [[MIT Sloan School of Management]].<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref>


Brynjolfsson served on the faculty of MIT from 1986 to 2020, where he was a professor at the [[MIT Sloan School of Management]] and Director of the [[MIT Initiative on the Digital Economy]],<ref name="MITSloanCIO">{{cite news|date=2015-05-18|title=MIT Sloan CIO Symposium: Erik Brynjolfsson|work=[[MIT Sloan CIO Symposium]]|url=http://www.mitcio.com/prof-erik-brynjolfsson-phd-‘91-mit-initiative-digital-economy|access-date=2015-05-30}}</ref> and Director of the [[MIT Center for Digital Business]].<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref> Previously, he was at Harvard from 1985 to 1995 and [[Stanford University|Stanford]] from 1996 to 1998.<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref> In 2001 he was appointed the Schussel Family Professor of Management at the [[MIT Sloan School of Management]].<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref> He lectures and consults worldwide, and serves on corporate boards. He taught the popular course 15.567, The Economics of Information: Strategy, Structure, and Pricing, at MIT <ref name="mit">{{cite web|url=http://ocw.mit.edu/courses/sloan-school-of-management/15-567-the-economics-of-information-strategy-structure-and-pricing-fall-2010/|title=The Economics of Information: Strategy, Structure and Pricing &#124; Sloan School of Management &#124; MIT OpenCourseWare|website=ocw.mit.edu|access-date=2017-12-12}}</ref> and hosts a related blog, ''Economics of Information''. In February 2020, Stanford announced that Brynjolfsson would join its faculty in July.<ref>{{Cite web|url=https://hai.stanford.edu/news/erik-brynjolfsson-join-stanford-faculty|title=Erik Brynjolfsson to Join Stanford Faculty|last1=University|first1=© Stanford|last2=Stanford|date=2020-02-24|website=Stanford Institute for Human-Centered Artificial Intelligence|language=en|access-date=2020-03-02|last3=California 94305}}</ref>
Brynjolfsson served on the faculty of MIT from 1986 to 2020, where he was a professor at the [[MIT Sloan School of Management]] and Director of the [[MIT Initiative on the Digital Economy]],<ref name="MITSloanCIO">{{cite news|date=2015-05-18|title=MIT Sloan CIO Symposium: Erik Brynjolfsson|work=[[MIT Sloan CIO Symposium]]|url=http://www.mitcio.com/prof-erik-brynjolfsson-phd-‘91-mit-initiative-digital-economy|access-date=2015-05-30}}</ref> and Director of the [[MIT Center for Digital Business]].<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref> Previously, he was at Harvard from 1985 to 1995 and [[Stanford University|Stanford]] from 1996 to 1998.<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref> In 2001 he was appointed the Schussel Family Professor of Management at the [[MIT Sloan School of Management]].<ref>[http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf Curriculum Vitae Erik Brynjolfsson] {{Webarchive|url=https://web.archive.org/web/20130327182933/http://mitsloan.mit.edu/faculty/pdf/cv/Brynjolfsson%20vita%202010-02-05.pdf |date=March 27, 2013 }} February, 2010.</ref> He lectures and consults worldwide, and serves on corporate boards. He taught the popular course 15.567, The Economics of Information: Strategy, Structure, and Pricing, at MIT <ref name="mit">{{cite web|url=http://ocw.mit.edu/courses/sloan-school-of-management/15-567-the-economics-of-information-strategy-structure-and-pricing-fall-2010/|title=The Economics of Information: Strategy, Structure and Pricing &#124; Sloan School of Management &#124; MIT OpenCourseWare|website=ocw.mit.edu|access-date=2017-12-12}}</ref> and hosts a related blog, ''Economics of Information''. In February 2020, Stanford announced that Brynjolfsson would join its faculty in July, 2020.<ref>{{Cite web|url=https://hai.stanford.edu/news/erik-brynjolfsson-join-stanford-faculty|title=Erik Brynjolfsson to Join Stanford Faculty|last1=University|first1=© Stanford|last2=Stanford|date=2020-02-24|website=Stanford Institute for Human-Centered Artificial Intelligence|language=en|access-date=2020-03-02|last3=California 94305}}</ref>


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Brynjolfsson is of Icelandic descent.<ref>{{Cite web |title=SÍMTALIÐ&nbsp;... ER VIÐ ERIK BRYNJÓLFSSON Tölvuvæðing og framleiðni |url=http://www.mbl.is/greinasafn/grein/124323/ |access-date=2016-01-02 |website=www.mbl.is}}</ref>
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His research has been recognized with nine "best paper" awards by fellow academics, including the John DC Little Award for the best paper in Marketing Science.<ref>{{Cite web |url=https://www.informs.org/Recognizing-Excellence/Award-Recipients/Erik-Brynjolfsson |title=Erik Brynjolfsson |publisher=[[Institute for Operations Research and the Management Sciences|INFORMS]] |access-date=2019-12-03}}</ref> Brynjolfsson is the founder of two companies and has been awarded five U.S. patents. Along with Andrew McAfee, he was awarded the top prize in the Digital Thinkers category at the Thinkers 50 Gala on November 9, 2015.<ref>{{cite web|title=Thinkers 50|url=http://thinkers50.com/t50-awards/awards-2015/|website=Thinkers 50|date=November 9, 2015 |access-date=2015-11-10}}</ref>


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=== Awards ===
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Brynjolfsson is of Icelandic descent.<ref>{{Cite web|title = SÍMTALIÐ&nbsp;... ER VIÐ ERIK BRYNJÓLFSSON Tölvuvæðing og framleiðni|url = http://www.mbl.is/greinasafn/grein/124323/|website = www.mbl.is|access-date = 2016-01-02}}</ref>
⚫
His research has been recognized with nine "best paper" awards by fellow academics, including the John DC Little Award for the best paper in Marketing Science.<ref>{{Cite web |url=https://www.informs.org/Recognizing-Excellence/Award-Recipients/Erik-Brynjolfsson |title=Erik Brynjolfsson |publisher=[[Institute for Operations Research and the Management Sciences|INFORMS]] |access-date=2019-12-03}}</ref> Along with Andrew McAfee, he was awarded the top prize in the Digital Thinkers category at the Thinkers 50 Gala on November 9, 2015.<ref>{{cite web|title=Thinkers 50|url=http://thinkers50.com/t50-awards/awards-2015/|website=Thinkers 50|date=November 9, 2015 |access-date=2015-11-10}}</ref> In 2020, he was recognized with an Honorary Doctorate from the University of Turku for his research on the effects of of information technology and AI on innovation, productivity and future work.<ref>{{Cite web |title=University of Turku Confers 15 Honorary Doctors in May {{!}} University of Turku |url=https://www.utu.fi/en/news/news/university-of-turku-confers-15-honorary-doctors-in-may |access-date=2023-12-03 |website=www.utu.fi |language=en}}</ref>


== Work ==
== Research ==
Brynjolfsson is widely cited for studying the economics of information systems.<ref>{{cite web|title=Google Scholars in Economics of Information systems|url=https://scholar.google.com/citations?view_op=search_authors&hl=en&mauthors=label:economics_of_information_systems|website=Google Scholar|access-date=2021-07-04}}</ref> He was among the earlier researchers to measure productivity contributions of IT and the complementary role of organizational capital and other intangibles.{{Citation needed|date=May 2023}} Brynjolfsson has done research on digital commerce, the [[Long Tail]] , [[Product bundling|bundling]] and pricing models, intangible assets and the effects of IT on business strategy, [[productivity]] and performance.<ref>{{cite web|title=SIEPR Profile of Erik Brynjolfsson|url=https://siepr.stanford.edu/people/erik-brynjolfsson|website=Stanford Institute for Economic Policy Research|access-date=2021-07-04}}</ref>
Brynjolfsson is widely cited for studying the economics of information systems.<ref>{{cite web|title=Google Scholars in Economics of Information systems|url=https://scholar.google.com/citations?view_op=search_authors&hl=en&mauthors=label:economics_of_information_systems|website=Google Scholar|access-date=2021-07-04}}</ref> He was among the earliest researchers to measure productivity contributions of IT and the complementary role of organizational capital and other intangibles.<ref name=":0" /><ref name=":1" /> Brynjolfsson has done research on digital commerce, the [[Long Tail]] , [[Product bundling|bundling]] and pricing models, intangible assets and the effects of IT on business strategy, [[productivity]] and performance.<ref>{{cite web|title=SIEPR Profile of Erik Brynjolfsson|url=https://siepr.stanford.edu/people/erik-brynjolfsson|website=Stanford Institute for Economic Policy Research|access-date=2021-07-04}}</ref>


More recently, in his books ''[[The Second Machine Age]]'' and ''[[Race Against the Machine]]'', Brynjolfsson and his co-author [[Andrew McAfee]] have argued that technology is racing ahead, and called for greater efforts to update our skills, organizations and institutions more rapidly.<ref>{{cite news|title=Washington Post Review of The Second Machine Age|url=https://www.washingtonpost.com/opinions/review-the-second-machine-age-by-erik-brynjolfsson-and-andrew-mcafee/2014/01/17/ace0611a-718c-11e3-8b3f-b1666705ca3b_story.html | newspaper=Washington Post|access-date=2021-07-04}}</ref>
More recently, in his books ''[[The Second Machine Age]]'' and ''[[Race Against the Machine]]'', Brynjolfsson and his co-author [[Andrew McAfee]] have argued that technology is racing ahead, and called for greater efforts to update our skills, organizations and institutions more rapidly.<ref>{{cite news|title=Washington Post Review of The Second Machine Age|url=https://www.washingtonpost.com/opinions/review-the-second-machine-age-by-erik-brynjolfsson-and-andrew-mcafee/2014/01/17/ace0611a-718c-11e3-8b3f-b1666705ca3b_story.html | newspaper=Washington Post|access-date=2021-07-04}}</ref>


=== Information technology and productivity ===
=== Information technology and productivity ===
Brynjolfsson wrote an influential review of the "IT Productivity Paradox" <ref>{{cite book|title=Productivity Paradox|url=https://www.worldcat.org/oclc/310949457| website=Communications of the ACM|oclc=310949457|access-date=2021-07-04}}</ref> and in separate research, documented a [[Correlation and dependence|correlation]] between IT investment and productivity. His work provides evidence that the use of Information Technology is most likely to increase productivity when it is combined with complementary business processes and human capital.<ref>{{cite journal|title=IT and Workplace Organization|url=https://academic.oup.com/qje/article-abstract/117/1/339/1851770?redirectedFrom=fulltext | journal=Quarterly Journal of Economics| date=February 2002 | volume=117 | issue=1 | pages=339–376 | doi=10.1162/003355302753399526 |access-date=2021-07-04| last1=Bresnahan | first1=Timothy F. | last2=Brynjolfsson | first2=Erik | last3=Hitt | first3=Lorin M. }}</ref>
Brynjolfsson wrote an influential review of the "IT Productivity Paradox" <ref name=":0">{{cite book|title=Productivity Paradox|url=https://www.worldcat.org/oclc/310949457| website=Communications of the ACM|oclc=310949457|access-date=2021-07-04}}</ref> and in separate research, documented a [[Correlation and dependence|correlation]] between IT investment and productivity. His work provides evidence that the use of Information Technology is most likely to increase productivity when it is combined with complementary business processes and human capital.<ref name=":1">{{cite journal|title=IT and Workplace Organization|url=https://academic.oup.com/qje/article-abstract/117/1/339/1851770?redirectedFrom=fulltext | journal=Quarterly Journal of Economics| date=February 2002 | volume=117 | issue=1 | pages=339–376 | doi=10.1162/003355302753399526 |access-date=2021-07-04| last1=Bresnahan | first1=Timothy F. | last2=Brynjolfsson | first2=Erik | last3=Hitt | first3=Lorin M. }}</ref>


=== Measuring the Digital Economy ===
=== Measuring the Digital Economy ===
Working with [[Avinash Collis]], [[Felix Eggers]], and others, Brynjolfsson developed new methods for measuring the digital economy using "massive online choice experiments".<ref>{{Cite journal |last1=Brynjolfsson |first1=Erik |last2=Collis |first2=Avinash |last3=Eggers |first3=Felix |date=2019 |title=Using Massive Online Choice Experiments to Measure Changes in Well-Being |journal=Proceedings of the National Academy of Sciences |volume=116 |issue=15 |pages=7250–7255|doi=10.1073/pnas.1815663116 |pmid=30914458 |pmc=6462102 |bibcode=2019PNAS..116.7250B |doi-access=free }}</ref> The insight from this work is that even when goods like Wikipedia or email have zero price, and therefore may have little or no direct contribution to [[GDP]] as it is conventionally measured, they may still contribute significantly to well-being and consumer surplus.<ref>{{Cite journal |last1=Brynjolfsson |first1=Erik |last2=Collis |first2=Avinash |date=2019 |title=How Should We Measure the Digital Economy? |url=http://digamoo.free.fr/hbr1119.pdf |journal=Harvard Business Review |volume=97 |issue=6 |pages=140–148}}</ref> Brynjolfsson's method seeks to measure the consumer surplus from these goods and assess how it changes over time.
Working with [[Avinash Collis]], [[Felix Eggers]], and others, Brynjolfsson developed new methods for measuring the digital economy using "massive online choice experiments".<ref>{{Cite journal |last1=Brynjolfsson |first1=Erik |last2=Collis |first2=Avinash |last3=Eggers |first3=Felix |date=2019 |title=Using Massive Online Choice Experiments to Measure Changes in Well-Being |journal=Proceedings of the National Academy of Sciences |volume=116 |issue=15 |pages=7250–7255|doi=10.1073/pnas.1815663116 |pmid=30914458 |pmc=6462102 |bibcode=2019PNAS..116.7250B |doi-access=free }}</ref> The insight from this work is that even when goods like Wikipedia or email have zero price, and therefore may have little or no direct contribution to [[GDP]] as it is conventionally measured, they may still contribute significantly to well-being and consumer surplus.<ref>{{Cite journal |last1=Brynjolfsson |first1=Erik |last2=Collis |first2=Avinash |date=2019 |title=How Should We Measure the Digital Economy? |url=http://digamoo.free.fr/hbr1119.pdf |journal=Harvard Business Review |volume=97 |issue=6 |pages=140–148}}</ref> Brynjolfsson's method seeks to measure the consumer surplus from these goods and assess how it changes over time.


== Entrepreneur and Inventor ==
⚫
=== Workhelix===
Brynjolfsson has been the founder of three companies (Foundation Technologies, Inc. [[Flexplay|Flexplay Technologies, Inc]]. and Workhelix, Inc). and has been awarded five U.S. patents.<ref name=":2">{{Cite web |last=Brynjolfsson |first=Erik |date=June 2, 2020 |title=Curriculum Vitae |url=https://cap.stanford.edu/profiles/viewCV?facultyId=200725&name=Erik_Brynjolfsson |url-status=live |access-date=December 2, 2023 |website=Stanford University}}</ref> He also served on the Boards of Directors of two publicly-traded companies, Computer Science Corporation (2010-2015) and CSK, Inc. (2005-2008).<ref name=":2" />


=== Workhelix ===
⚫
Brynjolfsson is the co-founder of Workhelix, Inc, a venture-backed firm that helps companies assess their opportunities for using generative AI and other technologies.<ref>{{Cite web|title =The Batch: What Matters Right Now | url = https://info.deeplearning.ai/text-to-music-generation-military-drone-swarm-machine-translation-blocks-asylum-seekers

⚫
Brynjolfsson is currently the co-founder of Workhelix, Inc, a venture-backed firm that helps companies assess their opportunities for using generative AI and other technologies.<ref>{{Cite web|title =The Batch: What Matters Right Now | url = https://info.deeplearning.ai/text-to-music-generation-military-drone-swarm-machine-translation-blocks-asylum-seekers
|website = Deeplearning.ai | date = September 20, 2023
|website = Deeplearning.ai | date = September 20, 2023
|access-date = 2023-11-07}}</ref> It applies the “task-based approach”, a methodology developed by Brynjolfsson, [[Tom M. Mitchell]] and Daniel Rock for analyzing various technologies’ ability to augment or automate individual tasks.
|access-date = 2023-11-07}}</ref> It applies the “task-based approach”, a methodology developed by Brynjolfsson, [[Tom M. Mitchell]] and Daniel Rock for analyzing various technologies’ ability to augment or automate individual tasks.
<ref>{{Cite journal |last1=Brynjolfsson |first1=Erik |last2=Mitchell |first2=Tom |last3=Rock |first3=Daniel |date=2018 |title= What Can Machines Learn, and What Does It Mean for Occupations and the Economy?
<ref>{{Cite journal |last1=Brynjolfsson |first1=Erik |last2=Mitchell |first2=Tom |last3=Rock |first3=Daniel |date=2018 |title= What Can Machines Learn, and What Does It Mean for Occupations and the Economy?
|journal= AEA Papers and Proceedings |volume=108 |issue=May |pages=43-47| DOI=10.1257/pandp.20181019/ }}</ref>
|journal= AEA Papers and Proceedings |volume=108 |issue=May |pages=43-47| DOI=10.1257/pandp.20181019/ }}</ref>





Revision as of 03:49, 3 December 2023

Erik Brynjolfsson
Brynjolfsson in 2013
Born1962 (age 61–62)
CitizenshipUnited States
Alma materHarvard University
Massachusetts Institute of Technology
Known forProductivity paradox
The Long Tail
Bundling of Information Goods
Cyberbalkanization
Scientific career
FieldsInformation Systems
Economics
Technological Change
InstitutionsStanford University
Notable studentsShuman Ghosemajumder
Lorin Hitt
Yu (Jeffrey) Hu
Michael D. Smith
Marshall Van Alstyne
Xiaoquan (Michael) Zhang

forma

Erik Brynjolfsson (born 1962) is an American academic, author and inventor. He is the Jerry Yang and Akiko Yamazaki Professor and a Senior Fellow[1] at Stanford University where he directs the Digital Economy Lab at the Stanford Institute for Human-Centered AI, with appointments at SIEPR,[2] the Stanford Department of Economics and the Stanford Graduate School of Business. He is also a research associate at the National Bureau of Economic Research[3] and a best-selling author of several books.[4] He is known for his contributions to the world of IT productivity research and work on the economics of information and the digital economy more generally.[5]

Biography

Erik Brynjolfsson was born to Marguerite Reman Brynjolfsson and Ari Brynjolfsson, a nuclear physicist. He earned his A.B., magna cum laude, in 1984 and his S.M. in applied mathematics and decision sciences at Harvard University in 1984. He received a Ph.D. in Managerial Economics in 1991 from the MIT Sloan School of Management.[6]

Brynjolfsson served on the faculty of MIT from 1986 to 2020, where he was a professor at the MIT Sloan School of Management and Director of the MIT Initiative on the Digital Economy,[7] and Director of the MIT Center for Digital Business.[8] Previously, he was at Harvard from 1985 to 1995 and Stanford from 1996 to 1998.[9] In 2001 he was appointed the Schussel Family Professor of Management at the MIT Sloan School of Management.[10] He lectures and consults worldwide, and serves on corporate boards. He taught the popular course 15.567, The Economics of Information: Strategy, Structure, and Pricing, at MIT [11] and hosts a related blog, Economics of Information. In February 2020, Stanford announced that Brynjolfsson would join its faculty in July, 2020.[12]

Brynjolfsson is of Icelandic descent.[13]

Awards

His research has been recognized with nine "best paper" awards by fellow academics, including the John DC Little Award for the best paper in Marketing Science.[14] Along with Andrew McAfee, he was awarded the top prize in the Digital Thinkers category at the Thinkers 50 Gala on November 9, 2015.[15] In 2020, he was recognized with an Honorary Doctorate from the University of Turku for his research on the effects of of information technology and AI on innovation, productivity and future work.[16]

Research

Brynjolfsson is widely cited for studying the economics of information systems.[17] He was among the earliest researchers to measure productivity contributions of IT and the complementary role of organizational capital and other intangibles.[18][19] Brynjolfsson has done research on digital commerce, the Long Tail , bundling and pricing models, intangible assets and the effects of IT on business strategy, productivity and performance.[20]

More recently, in his books The Second Machine Age and Race Against the Machine, Brynjolfsson and his co-author Andrew McAfee have argued that technology is racing ahead, and called for greater efforts to update our skills, organizations and institutions more rapidly.[21]

Information technology and productivity

Brynjolfsson wrote an influential review of the "IT Productivity Paradox" [18] and in separate research, documented a correlation between IT investment and productivity. His work provides evidence that the use of Information Technology is most likely to increase productivity when it is combined with complementary business processes and human capital.[19]

Measuring the Digital Economy

Working with Avinash Collis, Felix Eggers, and others, Brynjolfsson developed new methods for measuring the digital economy using "massive online choice experiments".[22] The insight from this work is that even when goods like Wikipedia or email have zero price, and therefore may have little or no direct contribution to GDP as it is conventionally measured, they may still contribute significantly to well-being and consumer surplus.[23] Brynjolfsson's method seeks to measure the consumer surplus from these goods and assess how it changes over time.

Entrepreneur and Inventor

Brynjolfsson has been the founder of three companies (Foundation Technologies, Inc. Flexplay Technologies, Inc. and Workhelix, Inc). and has been awarded five U.S. patents.[24] He also served on the Boards of Directors of two publicly-traded companies, Computer Science Corporation (2010-2015) and CSK, Inc. (2005-2008).[24]

Workhelix

Brynjolfsson is currently the co-founder of Workhelix, Inc, a venture-backed firm that helps companies assess their opportunities for using generative AI and other technologies.[25] It applies the “task-based approach”, a methodology developed by Brynjolfsson, Tom M. Mitchell and Daniel Rock for analyzing various technologies’ ability to augment or automate individual tasks. [26]


References

  1. ^ "Report of the Stanford University President". Stanford. December 9, 2020. Retrieved July 4, 2021.
  2. ^ "Erik Brynjolfsson to join Stanford faculty | Stanford Institute for Economic Policy Research (SIEPR)". February 25, 2020.
  3. ^ "Erik Brynjolfsson, Research Associate as National Bureau of Economic Research". May 20, 2023.
  4. ^ "The Second Machine Age". May 20, 2023.
  5. ^ "Erik Brynjolfsson Joins Stanford Faculty". May 20, 2023.
  6. ^ Curriculum Vitae Erik Brynjolfsson Archived March 27, 2013, at the Wayback Machine February, 2010.
  7. ^ "MIT Sloan CIO Symposium: Erik Brynjolfsson". MIT Sloan CIO Symposium. May 18, 2015. Retrieved May 30, 2015.
  8. ^ Curriculum Vitae Erik Brynjolfsson Archived March 27, 2013, at the Wayback Machine February, 2010.
  9. ^ Curriculum Vitae Erik Brynjolfsson Archived March 27, 2013, at the Wayback Machine February, 2010.
  10. ^ Curriculum Vitae Erik Brynjolfsson Archived March 27, 2013, at the Wayback Machine February, 2010.
  11. ^ "The Economics of Information: Strategy, Structure and Pricing | Sloan School of Management | MIT OpenCourseWare". ocw.mit.edu. Retrieved December 12, 2017.
  12. ^ University, © Stanford; Stanford; California 94305 (February 24, 2020). "Erik Brynjolfsson to Join Stanford Faculty". Stanford Institute for Human-Centered Artificial Intelligence. Retrieved March 2, 2020.{{cite web}}: CS1 maint: numeric names: authors list (link)
  13. ^ "SÍMTALIР... ER VIÐ ERIK BRYNJÓLFSSON Tölvuvæðing og framleiðni". www.mbl.is. Retrieved January 2, 2016.
  14. ^ "Erik Brynjolfsson". INFORMS. Retrieved December 3, 2019.
  15. ^ "Thinkers 50". Thinkers 50. November 9, 2015. Retrieved November 10, 2015.
  16. ^ "University of Turku Confers 15 Honorary Doctors in May | University of Turku". www.utu.fi. Retrieved December 3, 2023.
  17. ^ "Google Scholars in Economics of Information systems". Google Scholar. Retrieved July 4, 2021.
  18. ^ a b Productivity Paradox. OCLC 310949457. Retrieved July 4, 2021. {{cite book}}: |website= ignored (help)
  19. ^ a b Bresnahan, Timothy F.; Brynjolfsson, Erik; Hitt, Lorin M. (February 2002). "IT and Workplace Organization". Quarterly Journal of Economics. 117 (1): 339–376. doi:10.1162/003355302753399526. Retrieved July 4, 2021.
  20. ^ "SIEPR Profile of Erik Brynjolfsson". Stanford Institute for Economic Policy Research. Retrieved July 4, 2021.
  21. ^ "Washington Post Review of The Second Machine Age". Washington Post. Retrieved July 4, 2021.
  22. ^ Brynjolfsson, Erik; Collis, Avinash; Eggers, Felix (2019). "Using Massive Online Choice Experiments to Measure Changes in Well-Being". Proceedings of the National Academy of Sciences. 116 (15): 7250–7255. Bibcode:2019PNAS..116.7250B. doi:10.1073/pnas.1815663116. PMC 6462102. PMID 30914458.
  23. ^ Brynjolfsson, Erik; Collis, Avinash (2019). "How Should We Measure the Digital Economy?" (PDF). Harvard Business Review. 97 (6): 140–148.
  24. ^ a b Brynjolfsson, Erik (June 2, 2020). "Curriculum Vitae". Stanford University. Retrieved December 2, 2023.{{cite web}}: CS1 maint: url-status (link)
  25. ^ "The Batch: What Matters Right Now". Deeplearning.ai. September 20, 2023. Retrieved November 7, 2023.
  26. ^ Brynjolfsson, Erik; Mitchell, Tom; Rock, Daniel (2018). "What Can Machines Learn, and What Does It Mean for Occupations and the Economy?". AEA Papers and Proceedings. 108 (May): 43–47. doi:10.1257/pandp.20181019/.
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