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Why MIT Is Not Willing To Unleash Real-Time, Dynamic-Purchasing Inventory Control Systems; Or The "Real" Reason For The Culling Of MIT's Billion Prices Project

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Sun, 04/24/2011 - 14:19 | 1201281 hugovanderbubble
hugovanderbubble's picture

Interesting,

Maybe is a State Issue to control the real data (and hide the bad stuff) ...to keep us informed of what they real want to inform...not only in the US in any government.

 

One idea for this MIT guy...

*Control Offshore Accounts and outflows from Onshore to Offshore accounts...

*Mark to Market Accounting, not what the Big caps want to make up their figures...

*Avoid Hidden Economy or at least minimize it (all payments...electronically made so no fiats in the long term future)

- World trends tend to be tracked (privacy gone, freedom too) wherés the  red thin line limit? I dont know, difficult task.

Sun, 04/24/2011 - 15:30 | 1201457 Pamela Anderson
Pamela Anderson's picture

These guys should be hired by ..... GOOGLE.

Google should sponsor this project, they have the money and the computer power to do it even better.

Sun, 04/24/2011 - 16:22 | 1201555 Popo
Popo's picture

Absolutely.  Come on Google:  "Don't be evil", remember?  Or are you so infiltrated with agency stooges (including you Zuck) that you forgot your guiding motto?

 

 

Mon, 04/25/2011 - 00:00 | 1202268 JW n FL
JW n FL's picture

Michigan, Police have been downloading info from cell phones during stops since 2006! http://goo.gl/qIM4I

Sun, 04/24/2011 - 16:29 | 1201569 Gold 36000
Gold 36000's picture

Somebody send this link to google, baidu, dogpile if they are still around.

Yahoo, microsoft, the more people working on it the better.
Dr Rigabon has no idea he has created a game changer.

Sun, 04/24/2011 - 19:07 | 1201830 Mike2756
Mike2756's picture

msft kind of does it with bing travel (fare predictor), how hard would it be to expand and do other products?

Mon, 04/25/2011 - 01:47 | 1202427 Oh regional Indian
Oh regional Indian's picture

Too funny. I wrote a business method patent covering this and many other core use technologies in 2001 and submitted it to the USPTO. It just dis-appeared after they cashed my cheque for 400 and odd dollars. I could never follow up due to lack of funds, but that patent application under-lies half or more of the money making paradigms on the web today.

Almost 9 years ago. How interesting. i'd even coined a pithy catch-phrsase for it, ZLM/ZLC

Zero-Latency Marketing/Zero-Latency Commerce.

Any patent attorney with a nose for something interesting could dig around. PAtent applications don't just dis-appear, do they?

But such is how it is.

ORI

http://aadivaahan.wordpress.com/2011/04/24/phase-shift/

 

Mon, 04/25/2011 - 02:47 | 1202492 Oppressed In Ca...
Oppressed In California's picture

Yeah, but then Google will be assaulted by the political system and then be rendered useless.

Sun, 04/24/2011 - 15:33 | 1201460 DoChenRollingBearing
DoChenRollingBearing's picture

Hats off to you ZH reader Dave Narby!

Sounds like this project could be a game changer!

Even for a small bearing importer in Peru...

Sun, 04/24/2011 - 18:12 | 1201724 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

all payments...electronically made so no fiats in the long term future

!?

Sun, 04/24/2011 - 14:18 | 1201287 cswjr
cswjr's picture

I suspect that Shadowstats would take this over/bankroll it in a heartbeat, without prejudicing MIT's ability to do research.  Hopefully they've considered that option.

Sun, 04/24/2011 - 15:03 | 1201382 duncecap rack
duncecap rack's picture

If shadowstats took it over would it be freely available?

Sun, 04/24/2011 - 15:20 | 1201434 cswjr
cswjr's picture

No, but subscriptions are inexpensive, and the whole premise of that site is transparency on NIPA (and related) statistics. 

Sun, 04/24/2011 - 16:19 | 1201549 grunk
grunk's picture

I can see it now:

The 102,000 seat football stadium. The Division 1 powerhouse, the fighting Front Runners.

Sun, 04/24/2011 - 16:28 | 1201567 Banjo
Banjo's picture

duncecap rack: I think shadowstats would make it available to the general public for what say $30 - $50 per month. Compared to say $10,000 - $50,000 per month to oligarchs. I know which I would have a better chance to subscribe to.

Sun, 04/24/2011 - 16:23 | 1201561 Popo
Popo's picture

There is no magic to this project.  Anyone can do it.  And now that it has been done, and been shown to be "dangerous information" -- THE RACE IS ON TO REPLICATE THIS DATA.

This is where the Internet rocks, btw.   I look forward to a non-corrupted team replicating this study.

Sun, 04/24/2011 - 17:13 | 1201628 Dejean Splicer
Dejean Splicer's picture

But when the whole thing collapses as the Holiday Hoards of ZHeeple predict, there will be no more Interwebs.

Game Changer meet Endgame.

Sun, 04/24/2011 - 14:22 | 1201292 holdbuysell
holdbuysell's picture

Macroeconomics with Professor Rigobon at Sloan...fun and educational times. He's a great professor. I believe what he's stating; this will become available eventually.

Sun, 04/24/2011 - 14:25 | 1201301 JNM
JNM's picture

There is SO much money in this.

If it's not patentable, doesn't matter what path Rigobon takes, this will get done.  9 years of work (think about where technology was 9 years ago) will take say, 3 for somebody else to do starting today.

Just the wide-spread availability of 64-bit operating systems alone, would have probably sped up his work.

This gives me chills.

Sun, 04/24/2011 - 23:01 | 1202200 Doña K
Doña K's picture

IMHO, I don't think there is any serious money to be made. As an inventory control, it may be better than an existing off the shelf system. But I don't think that it is a game changer. Prices go up and down and if the computer delays your purchase for a better entry, you may end up paying more. It just sounds too good to be true.

I am sure it can serve some specialty purpose and it may spy on some people (companies), which means that TPTB may shut it down in a jiffy or companies may keep better control of their data or delay data publication long enough to be irrelevant and god knows what other purposefully erroneous data release. The implications of a monkey wrench in the system may be infinite.

Not knowing exactly how it works, I can not be sure of course.

It may have even been released so that it can be sold to the highest bidder under the table.

 

  

Mon, 04/25/2011 - 03:03 | 1202521 thames222
thames222's picture

Just wait for someone to copy this bastard's idea and make billions doing it better.  Someone will find a way to patent it, and it's not goin to be an MIT dork, it's going to be a marketing genius or someone with a branding-type, selling-type personality.

 

www.forecastfortomorrow.com

Sun, 04/24/2011 - 14:25 | 1201303 OldTrooper
OldTrooper's picture

I suspect there is discussion among the team member about how to proceed - and how to become gazillionaires - and maybe not everyone has the same idea.

Sun, 04/24/2011 - 14:25 | 1201304 Forgiven
Forgiven's picture

I don't see the conspiracy.  The faculty have competing priorities.  Maintaining the database is very labor intensive.  There are not enough resources to automate it, thus the change.  That said, wake me if the principals go missing or have a mysterious fatal accident.

Sun, 04/24/2011 - 14:59 | 1201371 Tyler Durden
Tyler Durden's picture

No conspiracy: the man says it out right: "i can assure you the data is there, and the indexes are there.
we will have 40 countries and one of them has already tried to fine me
or sue me.
i can take the distractions but the other 20 people here can't." If we recall correctly, China was the first country to be removed from the BPP drop down option list.

Sun, 04/24/2011 - 15:05 | 1201392 Forgiven
Forgiven's picture

My comment was directed not to your post, but to those commenters in the previous post on the MIT index thinking TPTB have shut them down.

Sun, 04/24/2011 - 19:10 | 1201834 Mike2756
Mike2756's picture

you have to think there was some arm twisting going on given the party line that there is no inflation other than the gubmint version.

Mon, 04/25/2011 - 10:38 | 1203382 SimplePrinciple
SimplePrinciple's picture

The arm-twisting is probably transmitted from TPTB to the Dean, then to the Department Chair and onto the faculty that this type of commercial product does not count as academic research, and that the faculty involved need to focus on refereed journal articles.  Otherwise annual evaluations, courseload, merit pay increases, and promotions are at risk.  Saying that no government grant money was involved is beside the point. 

Sun, 04/24/2011 - 16:08 | 1201527 Azannoth
Azannoth's picture

I am sure the Professor can't be ignorant to the game changing technology he has invented, and unless he either wants to profit from it directly or some1 threatened him or his family I don't see a rational reason for pulling it back

Sun, 04/24/2011 - 14:28 | 1201310 treemagnet
treemagnet's picture

I hope this dude isn't counting CNBC as a potential sponsor - doesn't know what zerohedge is?, yeah, sure I guess, I mean...just like an academic to realize the value of something with no clue that its gotta make it on its own in the real world.  Again, "all decisions made in a vacuum" proves to be the mantra of academia.  I'm not ripping academia so you assholes can cool it...its just proof they don't know values outside of that very safe world.

Sun, 04/24/2011 - 14:51 | 1201346 blunderdog
blunderdog's picture

Interesting what he actually wrote: "I do not really know..."

If you consider for a minute that he may have written exactly what he meant, that's not the same thing as not knowing about the site.  It's an unusual site providing hard to access information for free, managed/run by some kind of anonymous organization.  Look at the text on conflicts/full disclosure and ask yourself if you can be certain Tyler is what you'd call a "newsman."

I'm here all the time, and *I* do not really know what Zerohedge is.

Sun, 04/24/2011 - 23:02 | 1202201 dark pools of soros
dark pools of soros's picture

lol  spot on

Sun, 04/24/2011 - 19:11 | 1201832 augie
augie's picture

I will gladly rip academia...ehem.

 

Fuck them, Fuck all of the highfalutin ivory tower livin, bow-tie wearin, bordeaux drinkin, class intelectual prius drivin, phill ochs listenin, vacation havin, long-haired indoctrinating coffee breath bitch ass mo' fuckers who do nothing more than perpetuate a system of social control through contrived systems of thought.

 

Edit* i should say that I love teachers and would gladly lay in traffic for anyone who helps people realize their true potential.

 

and i drive a prius.

Mon, 04/25/2011 - 00:04 | 1202270 JW n FL
JW n FL's picture

+++++++++++++++++++++++++ LMFAO!

Sun, 04/24/2011 - 14:32 | 1201314 Terminus C
Terminus C's picture

Hopefully the professor stays away from hottubs and small planes in the near future.

It is ever the goal of those with advantage to ensure and maintain the disadvantage of the rest.

Sun, 04/24/2011 - 19:00 | 1201819 RockyRacoon
RockyRacoon's picture

Way too many jets have GE engines...

Sun, 04/24/2011 - 14:30 | 1201316 Tunga
Tunga's picture

If the students at MIT learn that the work they are doing could actually make them rich it would disrupt the entire Student Loan payback/bankruptcy slave state we have worked so hard to establish and maintain. Sorry to get everyones hopes up. Perhaps you should try Purdue next time. 

Sun, 04/24/2011 - 22:52 | 1202182 DeadFred
DeadFred's picture

Having had a kid graduate from MIT I can promise you they ALL know what they do can make them rich.  I hope the guy gets compensated for his efforts and looks for a crowd source for his work.  I would pay $10 to keep the site up, how many others?  There are countless ways this can be done but crowd sourcing is one that's just perfect for a project like this- one that goes against the status quo.

Sun, 04/24/2011 - 14:42 | 1201338 topcallingtroll
topcallingtroll's picture

The two explanations are not completely mutually exvlusive.

Is it possible that this graduate student and MIT are not sure what they have discovered?

Sun, 04/24/2011 - 23:05 | 1202208 dark pools of soros
dark pools of soros's picture

they were just trying to make coupon clippin easier ...

Sun, 04/24/2011 - 14:52 | 1201353 chinaboy
chinaboy's picture

If you think it so important, why don't you find someone who can sponsor so we can have a competing project? I think we can make it availble to the public through the cloud.

Sun, 04/24/2011 - 15:35 | 1201463 Gold 36000
Gold 36000's picture

I agree.

Do you know who to send this information to in order to get a low cost distributed solution?

Sun, 04/24/2011 - 16:19 | 1201550 Missiondweller
Missiondweller's picture

Maybe someone at Kleiner Perkins in Sillicon Valley

Sun, 04/24/2011 - 16:33 | 1201578 Gold 36000
Gold 36000's picture

Will you do it and be part of this amazing game changer?

Sun, 04/24/2011 - 14:51 | 1201357 topcallingtroll
topcallingtroll's picture

Roberto

You may have no idea that you have created a once in a.generation avceleration in productivity.

Automatic, dynamic, inventory control systems that always capture the best price with short term continuously updated directional pricing probabilities

Sun, 04/24/2011 - 14:58 | 1201365 Arius
Arius's picture

i like the Greenspan's dream of discovering the perpeetum mobile "once in a lifetime productivity"...the man kept all his life looking for short cuts....and kept gambling to achieve the "once in a lifetime" dream...it is simply impossible otherwise w/ all due respect to todays geniuses others prior to us would have discovered the "once in a lifetime productivity BS"....give me a break...the house is f.... burning...and we still talk about discoveries of once in a lifetime...winning the powerball is for suckers....

Sun, 04/24/2011 - 19:06 | 1201823 RockyRacoon
RockyRacoon's picture

The Fed would hate for this sort of project to become viable.  It would remove the curtain.  No more poor excuses for their flawed "modeling".   How can they develop "policy" with actual facts gumming up the works?

Sun, 04/24/2011 - 15:01 | 1201368 DoctorMad
DoctorMad's picture

It sounds like this project may not quite be the miracle stats machine it appeared to be at first blush. If the lead researcher and his team are more concerned about publishing academic papers than their data and feel overwhelmed by the amount of recent attention than odds are the data may not be all that reliable.

Organizing and teasing out the important information from such a large database isn't going to be easy or cheap. The idea that shadow stats could somehow finance and launch this to the next stage where the data is of immediate vaule is LOL laughable.

These guys have the right approach, they and we are probably still years away from Joe the plumber buying cheaper inventory based on where we are today.

Sun, 04/24/2011 - 15:26 | 1201444 cswjr
cswjr's picture

I concur re Shadowstats with regard to the inventory management applications.  However, SS COULD allow for continued reporting of the real-time price index data -- something that is very worthwhile information _right now_.

Sun, 04/24/2011 - 15:01 | 1201373 disabledvet
disabledvet's picture

i understand what happens when you plug in "buy low, sell high" and vice versa into a computer and "let loose."  what happens when you plug in "less is more" though?  what would all those "ones and zeros" say about this line?  "does not compute"?  "more information is necessary"?  "why are you shutting me down, Ben? in a soft and monotone voice while looking at us from a single lens and plotting to shoot us into the vacuum of outerspace no less?"   Perhaps a "simple query" is where "the computer plot" begins?  "But Ben, more is more, less is less is it not?"  And the next thing you know "cavemen celebrate obilisks" and sheet.

Sun, 04/24/2011 - 15:23 | 1201396 Careless Whisper
Careless Whisper's picture

All the musicians I know are, well, different.

1983... a boy band... Grupo Antares

on keyboard: "Professor" Roberto Rigobon

the song: Ya No Hay Tiempo (There Is No Time)

http://www.youtube.com/watch?v=Ts5Lnjzj7jM

maybe if we can make it go viral, we can give roberto some inspiration to finish the project.

Do NOT follow this link or you will be banned from the site!