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The Big Mo (book)
''The Big Mo: Why Momentum Rules Our World'' is a book by Mark Roeder, first published by HarperCollins in 2011 It explores the phenomenon of large-scale momentum and how it impacts society. Overview The book suggests that the rapid integration of digital technologies, communications and markets, has accelerated the velocity at which events unfold – and generates momentum on a massive scale ( Big Mo). Roeder warns, 'As our world becomes more efficient and automated, there is less ‘friction’ to slow the momentum, which can lead to catastrophic results.’ The book examines the impact of Big Mo on finance, media, politics, wars, religion and science. Roeder, an ex-executive at UBS, bank, argues that momentum played an instrumental role in the Global Financial Crisis, and that it distorted decision-making in the lead up to the second Iraq War. He suggests that momentum ‘has become the zeitgeist of our time’ Key concepts :*The momentum effect has recently become more powe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Roeder
Mark Lewis Mendick Roeder (born 28 May 1957) is an Australian-British author and cultural commentator. He has written '' The Big Mo (book): Why Momentum Rules The World'' (2011), and '' Unnatural Selection: Why The Geeks Will Inherit The Earth'' (2013). Roeder's books and articles explore social phenomena and the impact of technology on human behaviour. Background and education Roeder was born in London, England. His father, Reuben Mendick, was a medical doctor and dux of George Heriot's School in Edinburgh, Scotland. Roeder's maternal great, great grandfather is the author Frank Fowler, who played a significant role in Australia's early literary history. Roeder holds a master's degree in Business and Technology (MBT) from the University of NSW. Career Before becoming a writer, Roeder worked as a corporate executive, and held senior roles at UBS Banking Group, Zurich Insurance Group and Westpac and lived in London, New York, Sydney and Zurich. He currently works as a consultant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Australian
''The Australian'', with its Saturday edition, ''The Weekend Australian'', is a broadsheet newspaper published by News Corp Australia since 14 July 1964.Bruns, Axel. "3.1. The active audience: Transforming journalism from gatekeeping to gatewatching." (2008). "''The Australian'' has long positioned itself as a loyal supporter of the incumbent government of Prime Minister John Howard, and is widely regarded as generally favouring the conservative side of politics." As the only Australian daily newspaper distributed nationally, its readership of both print and online editions was 2,394,000. Its editorial line has been self-described over time as centre-right. Parent companies ''The Australian'' is published by News Corp Australia, an asset of News Corp, which also owns the sole daily newspapers in Brisbane, Adelaide, Hobart, and Darwin, and the most circulated metropolitan daily newspapers in Sydney and Melbourne. News Corp's Chairman and Founder is Rupert Murdoch. ''Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behaviorism
Behaviorism is a systematic approach to understanding the behavior of humans and animals. It assumes that behavior is either a reflex evoked by the pairing of certain antecedent (behavioral psychology), antecedent stimuli in the environment, or a consequence of that individual's history, including especially reinforcement (psychology), reinforcement and punishment (psychology), punishment three-term contingency, contingencies, together with the individual's current motivating operation, motivational state and Stimulus control, controlling stimuli. Although behaviorists generally accept the important role of heredity in determining behavior, they focus primarily on environmental events. Behaviorism emerged in the early 1900s as a reaction to depth psychology and other traditional forms of psychology, which often had difficulty making predictions that could be tested experimentally, but derived from earlier research in the late nineteenth century, such as when Edward Thorndike p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quantitative Analysis Of Behavior
Quantitative analysis of behavior is the application of mathematical models to the experimental analysis of behavior. The aim is to describe and/or predict relations between independent environmental variables and dependent behavioral variables. The parameters in the models hopefully have theoretical meaning beyond their use in fitting models to data. The field was founded by Richard Herrnstein (1961) when he introduced the matching law to quantify the behavior of organisms working on concurrent schedules of reinforcement. The field has integrated models from economics, zoology, philosophy, political science (including voter behavior) and psychology, especially mathematical psychology of which it is a branch. The field is represented by the Society for Quantitative Analysis of Behavior. Quantitative analysis of behavior addresses the following topics among others: behavioral economics, behavioral momentum, connectionist systems or neural networks, integration, hyperbolic discou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virtuous Circle And Vicious Circle
A vicious circle (or cycle) is a complex chain of events that reinforces itself through a feedback loop, with detrimental results. It is a system with no tendency toward equilibrium (social, economic, ecological, etc.), at least in the short run. Each iteration of the cycle reinforces the previous one, in an example of positive feedback. A vicious circle will continue in the direction of its momentum until an external factor intervenes to break the cycle. A well-known example of a vicious circle in economics is hyperinflation. A virtuous circle is an equivalent system with a favorable outcome. Examples Vicious circles in the subprime mortgage crisis The contemporary subprime mortgage crisis is a complex group of vicious circles, both in its genesis and in its manifold outcomes, most notably the late 2000s recession. A specific example is the circle related to housing. As housing prices decline, more homeowners go " underwater", when the market value of a home drops below ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Network Effect
In economics, a network effect (also called network externality or demand-side economies of scale) is the phenomenon by which the value or utility a user derives from a good or service depends on the number of users of compatible products. Network effects are typically positive, resulting in a given user deriving more value from a product as more users join the same network. The adoption of a product by an additional user can be broken into two effects: an increase in the value to all other users ( "total effect") and also the enhancement of other non-users' motivation for using the product ("marginal effect"). Network effects can be direct or indirect. Direct network effects arise when a given user's utility increases with the number of other users of the same product or technology, meaning that adoption of a product by different users is complementary. This effect is separate from effects related to price, such as a benefit to existing users resulting from price decreases as m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Domino Effect
A domino effect or chain reaction is the cumulative effect generated when a particular event triggers a chain of similar events. This term is best known as a mechanical effect and is used as an analogy to a falling row of dominoes. It typically refers to a linked sequence of events where the time between successive events is relatively small. It can be used literally (an observed series of actual collisions) or metaphorically (causal linkages within systems such as global finance or politics). The term ''domino effect'' is used both to imply that an event is inevitable or highly likely (as it has already started to happen), and conversely to imply that an event is impossible or highly unlikely (the one domino left standing). Demonstration of the effect The domino effect can easily be visualized by placing a row of dominoes upright, each separated by a small distance. Upon pushing the first domino, the next domino in line will be knocked over, and so on, thus firing a linear ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Critical Mass
In nuclear engineering, a critical mass is the smallest amount of fissile material needed for a sustained nuclear chain reaction. The critical mass of a fissionable material depends upon its nuclear properties (specifically, its nuclear fission cross-section), density, shape, enrichment, purity, temperature, and surroundings. The concept is important in nuclear weapon design. Explanation of criticality When a nuclear chain reaction in a mass of fissile material is self-sustaining, the mass is said to be in a ''critical'' state in which there is no increase or decrease in power, temperature, or neutron population. A numerical measure of a critical mass is dependent on the effective neutron multiplication factor , the average number of neutrons released per fission event that go on to cause another fission event rather than being absorbed or leaving the material. When ''k'' = 1, the mass is critical, and the chain reaction is self-sustaining. A ''subcritical'' mass is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bandwagon Effect
The bandwagon effect is the tendency for people to adopt certain behaviors, styles, or attitudes simply because others are doing so. More specifically, it is a cognitive bias by which public opinion or behaviours can alter due to particular actions and beliefs rallying amongst the public. It is a psychological phenomenon whereby the rate of uptake of beliefs, ideas, fads and trends increases with respect to the proportion of others who have already done so. As more people come to believe in something, others also "hop on the bandwagon" regardless of the underlying evidence. Following others' actions or beliefs can occur because of conformism or deriving information from others. Much of the influence of the bandwagon effect comes from the desire to 'fit in' with peers; by making similar selections as other people, this is seen as a way to gain access to a particular social group. An example of this is fashion trends wherein the increasing popularity of a certain garment or style ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Momentum
In Newtonian mechanics, momentum (more specifically linear momentum or translational momentum) is the product of the mass and velocity of an object. It is a vector quantity, possessing a magnitude and a direction. If is an object's mass and is its velocity (also a vector quantity), then the object's momentum is : \mathbf = m \mathbf. In the International System of Units (SI), the unit of measurement of momentum is the kilogram metre per second (kg⋅m/s), which is equivalent to the newton-second. Newton's second law of motion states that the rate of change of a body's momentum is equal to the net force acting on it. Momentum depends on the frame of reference, but in any inertial frame it is a ''conserved'' quantity, meaning that if a closed system is not affected by external forces, its total linear momentum does not change. Momentum is also conserved in special relativity (with a modified formula) and, in a modified form, in electrodynamics, quantum mechanics, quan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TheGuardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited, Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HarperCollins
HarperCollins Publishers LLC is one of the Big Five English-language publishing companies, alongside Penguin Random House, Simon & Schuster, Hachette, and Macmillan. The company is headquartered in New York City and is a subsidiary of News Corp. The name is a combination of several publishing firm names: Harper & Row, an American publishing company acquired in 1987—whose own name was the result of an earlier merger of Harper & Brothers (founded in 1817) and Row, Peterson & Company—together with Scottish publishing company William Collins, Sons (founded in 1819), acquired in 1989. The worldwide CEO of HarperCollins is Brian Murray. HarperCollins has publishing groups in the United States, Canada, the United Kingdom, Australia, New Zealand, Brazil, India, and China. The company publishes many different imprints, both former independent publishing houses and new imprints. History Collins Harper Mergers and acquisitions Collins was bought by Rupert Murdoch's News Corpora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
