we had to actually three piece of shocking news today a grade with republicans three times on this show possible coming from wilbur also we had to be a real bipartisanship on earmarks and possibly on...
So now we want to think about what happens in a market when there actually is a network effect. So remember that previously, we thought about markets without network effects, where people just had...
We are considering a set of people making decisions sequentially about whether or not to purchase a product. Without further information, we assume that the expected value of the product is 0. So...
Information cascade is a very general phenomena. It can happen, and often happens, when people are unsure about decisions they should make, and try to observe other's behavior in an attempt to...
Hi, I'm Sheila Bair, Chairman of the Federal Deposit Insurance Corporation. You know, now more than ever, you need to be smart about your money; how to save, how to spend, and how to avoid...
Mitch Money. Live Once Live Free Live Rich Hey Guys! Welcome Back To Mitch Money Where We Live Once We Live Free & We Live Rich Today is a special new category called Together To The Top. TTTT...
Hello, this is Ryan McKeel from the whybemerelyhuman.com website, and I'm reading a book called "The Unemployed Millionaire". It's given me lots of interesting ideas...
Venezuela's Foreign Minister Elias Jaua has accused US Secretary of State John Kerry of inciting violence and called him a "murderer". Mr Jaua was reacting to comments by Mr...
So what we're going to do now is come up with a procedure that will let us find an equilibrium in this market. And remember, this is a market with network effects so the equilibrium...
Now that we've been talking about mechanisms that lead people to copy the behavior of others, let's try applying these ideas to study the phenomenon of popularity. How famous, or how...