Human capital — defined as knowledge, experiences and skills of an individual — focuses on the importance of human capabilities. In contrast, human enterprise — defined as engaging in systematic, purposeful activity that may be daring or difficult — incorporates the important role of...

The use of machine learning (ML) for productivity in the knowledge economy requires considerations of important biases that may arise from ML predictions. We define a new source of bias related to incompleteness in real time inputs, which may result from strategic behavior by agents. We theorize...