This reminds me of the classic Art De Vany book, Hollywood Economics in which the author treats the movie business as an "information industry". He modelled the dynamics as a mixture of signals about quality (word-of-mouth) and quantity (box office numbers and rankings) and confirmed Goldman's maxim - movie revenue dynamics are (or were) "so complex that they are nearly chaotic". The epilogue may be worth revisiting: "Can you manage a business when 'nobody knows anything'?"
This reminds me of the classic Art De Vany book, Hollywood Economics in which the author treats the movie business as an "information industry". He modelled the dynamics as a mixture of signals about quality (word-of-mouth) and quantity (box office numbers and rankings) and confirmed Goldman's maxim - movie revenue dynamics are (or were) "so complex that they are nearly chaotic". The epilogue may be worth revisiting: "Can you manage a business when 'nobody knows anything'?"
Yes please 🙏🏼
Super interesting. Will try and find the book and read it.
I can send the intro and epilogue in pdf form via email - DM on BlueSky?