We test and apply a simple method to make distributional forecasts for technological progress.
The structure of agents-ideas networks depends on the innovation/diffusion trade-off.
Wright meets Markowitz: How standard portfolio theory changes when assets are technologies following experience curves (with Rupert Way, Valentyn Panchenko, Fabrizio Lillo, and J. Doyne Farmer). arxiv ssrn
When there are increasing returns to investment, there may be multiple locally optimum diversified portfolios.
How well do experience curves predict technological progress? A method for making distributional forecasts (with Aimee G. Bailey, Jan D. Bakker, Dylan Rebois, Rubina Zadourian, Patrick McSharry, and J. Doyne Farmer). arxiv
We test and apply a simple method to make distributional forecasts of technological progress conditional on the growth of experience.
Patent classification systems change frequently and reflect the dynamics of technological change
Work in progress
The effect of experience on costs: Evidence from World War II as a natural experiment (with Diana Greenwald and J. Doyne Farmer)
During WWII, the demand for weapons was not driven by prices. Yet to some extent faster growth of experience was associated to faster productivity improvements.
Knowledge diffusion and the structure of citations networks, under revision
The power law distribution of scientific citations may be explained by the social diffusion of knowledge
The evolution of knowledge systems, 2014, Maastricht University Press. PDF
Old working papers
The size of patent categories: USPTO 1976-2006 (2014), UNU-MERIT WP #2014-060. Updated as “Long-run dynamics of the U.S. patent classification system”, with Daniel Kim.
Learning and the structure of citations networks (2012), UNU-MERIT WP #2012-071. Partly published as “Self-organization of knowledge economies”, and updated as “Knowledge diffusion and the structure of citations networks”.