3. it's unlikely that "smart" customers will prove equally profitable as "stupid" ones. Quite the contrary, customer and client segmentation based on "information asymmetries" and "smarts" strikes me as central to the future of most business models. It also begs the question of what constitutes "smarter" and "stupider" customers. For example, many of Amazon's most profitable customers rely disproportionately on that company's recommendation engines for their additional purchases.
4. he smartest/stupidest dichotomy is deliberately provocative. Because, really, how sustainable can a business dependent on customer stupidity really be? A popular advertising campaign once declared, "An educated consumer is our best customer." But for many firms, the smarter customers become, the more discriminating and less