With direct knowledge of the sources of the fresh liquidity during a credit-induced boom have knowledge of the boom’s artificialĪnd unsustainable. Know the direct causes of a price change, they transmit this knowledge to second-order users through the price system. Informational cascades can be used to augment the existing Austrian business cycle theory. ‘ Shee swarmes’, Donald Lupton noted in 1632, choosing words that still capture the whirl of this long-past storm for us today.2 Read more London grew quickly, spilling over its walls.

Already Thomas Lever had worried out loud at Paul’s Cross about vagrants swooping like locusts in 1550 and chided magistrates for not coming up with tough responses, to their ‘great shame’, he added, cuttingly.1 Change was in the air, something City leaders knew full well, along with increasingly anxious authors, like William Bullein: ‘the world is sare chaunged’, he wrote with baited breath in 1564, wondering what might happen next. gates by hundreds and thousands’, Thomas Jackson marvelled in 1609, summing up a common perception of the times, that was no less forceful for that. London ‘thou art so thronged with multitudes of people, that they go in and out at thy. A population boom was gathering steam, and London’s population would more than double in next to no time, reaching roughly 200,000 by 1600 (and somewhere around 400,000 five decades later), thanks to steady streams of migrants. London hovered on the verge of ‘extraordinary’ and ‘infinite’ growth around 1550. Overall, the paper reveals regularities regarding information processing attitudes, attention and subjective evaluations of online information users. For instance, talks whose title include ‘child’ are on average 27% longer than other talks or talks whose title include ‘brain’ are 57% more likely to be rated as fascinating than others. Also the inclusion of certain words in the talk title significantly affects both the talk duration and end-user ratings. The findings show that talks with certain end-user ratings have significantly different length, most strikingly, talks first rated as persuasive are on average 35% longer than talks first rated as ingenious. Employing naturalistic data that cover the titles, durations and viewer-assigned ratings/tags of more than two-thousand TED talks, the paper investigates whether (i) the talk duration is related to viewer-assigned ratings, (ii) there is a link between the talk duration and attention driving factors (title words), and (iii) the ex-ante wording of talks’ titles and ex-post user-assigned ratings are connected. In this context, the study analyses how the content and context of online information are related to the length of information and to user ratings. This paper studies how people search for, choose, process and evaluate information provided online.

Time warped by claudia hammond