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Information Cascade
An Information cascade or informational cascade is a phenomenon described in behavioral economics and network theory in which a number of people make the same decision in a sequential fashion. It is similar to, but distinct from herd behavior. An information cascade is generally accepted as a two-step process. For a cascade to begin an individual must encounter a scenario with a decision, typically a binary one. Second, outside factors can influence this decision (typically, through the observation of actions and their outcomes of other individuals in similar scenarios). The two-step process of an informational cascade can be broken down into five basic components: # There is a decision to be made – for example; whether to adopt a new technology, wear a new style of clothing, eat in a new restaurant, or support a particular political position # A limited action space exists (e.g. an adopt/reject decision) # People make the decision sequentially, and each person can observe the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behavioral Economics
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. The study of behavioral economics includes how market decisions are made and the mechanisms that drive public opinion. The concepts used in behavioral economics today can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Beha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rational Expectations
In economics, "rational expectations" are model-consistent expectations, in that agents inside the model are assumed to "know the model" and on average take the model's predictions as valid. Rational expectations ensure internal consistency in models involving uncertainty. To obtain consistency within a model, the predictions of future values of economically relevant variables from the model are assumed to be the same as that of the decision-makers in the model, given their information set, the nature of the random processes involved, and model structure. The rational expectations assumption is used especially in many contemporary macroeconomic models. Since most macroeconomic models today study decisions under uncertainty and over many periods, the expectations of individuals, firms, and government institutions about future economic conditions are an essential part of the model. To assume rational expectations is to assume that agents' expectations may be wrong, but are corr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berlin Wall
The Berlin Wall (german: Berliner Mauer, ) was a guarded concrete barrier that encircled West Berlin from 1961 to 1989, separating it from East Berlin and East Germany (GDR). Construction of the Berlin Wall was commenced by the government of the GDR on 13 August 1961. It included guard towers placed along large concrete walls, accompanied by a wide area (later known as the "death strip") that contained anti-vehicle trenches, beds of nails and other defenses. The Eastern Bloc portrayed the Wall as protecting its population from fascist elements conspiring to prevent the "will of the people" from building a socialist state in the GDR. The authorities officially referred to the Berlin Wall as the ''Anti-Fascist Protection Rampart'' (german: Antifaschistischer Schutzwall, ). The West Berlin city government sometimes referred to it as the "Wall of Shame", a term coined by mayor Willy Brandt in reference to the Wall's restriction on freedom of movement. Along with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penguin Press
Penguin Group is a British trade book publisher and part of Penguin Random House, which is owned by the German media conglomerate Bertelsmann. The new company was created by a merger that was finalised on 1 July 2013, with Bertelsmann initially owning 53% of the joint venture, and Pearson PLC initially owning the remaining 47%. Since 18 December 2019, Penguin Random House has been wholly owned by Bertelsmann. Penguin Books has its registered office in City of Westminster, London.Maps ." . Retrieved 28 August 2009. Its British division is Penguin Books Ltd. Other separate divisions are located in the |
German Democratic Republic
German(s) may refer to: * Germany (of or related to) ** Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Germanic peoples (Roman times) * German language **any of the Germanic languages * German cuisine, traditional foods of Germany People * German (given name) * German (surname) * Germán, a Spanish name Places * German (parish), Isle of Man * German, Albania, or Gërmej * German, Bulgaria * German, Iran * German, North Macedonia * German, New York, U.S. * Agios Germanos, Greece Other uses * German (mythology), a South Slavic mythological being * Germans (band), a Canadian rock band * "German" (song), a 2019 song by No Money Enterprise * '' The German'', a 2008 short film * " The Germans", an episode of ''Fawlty Towers'' * ''The German'', a nickname for Congolese rebel André Kisase Ngandu See also * Germanic (disambigua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leipzig
Leipzig ( , ; Upper Saxon: ) is the most populous city in the German state of Saxony. Leipzig's population of 605,407 inhabitants (1.1 million in the larger urban zone) as of 2021 places the city as Germany's eighth most populous, as well as the second most populous city in the area of the former East Germany after ( East) Berlin. Together with Halle (Saale), the city forms the polycentric Leipzig-Halle Conurbation. Between the two cities (in Schkeuditz) lies Leipzig/Halle Airport. Leipzig is located about southwest of Berlin, in the southernmost part of the North German Plain (known as Leipzig Bay), at the confluence of the White Elster River (progression: ) and two of its tributaries: the Pleiße and the Parthe. The name of the city and those of many of its boroughs are of Slavic origin. Leipzig has been a trade city since at least the time of the Holy Roman Empire. The city sits at the intersection of the Via Regia and the Via Imperii, two important m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Echo Chamber (media)
In discussions of news media, an echo chamber refers to situations in which beliefs are amplified or reinforced by communication and repetition inside a closed system and insulated from rebuttal. By participating in an echo chamber, people are able to seek out information that reinforces their existing views without encountering opposing views, potentially resulting in an unintended exercise in confirmation bias. Echo chambers may increase social and political polarization and extremism.Barberá, Pablo, et al. (21 August 2015)"Tweeting from left to right: Is online political communication more than an echo chamber?" '' Psychological Science''. 26.10: 1531-1542. On social media, it is thought that echo chambers limit exposure to diverse perspectives, and favour and reinforce presupposed narratives and ideologies. The term is a metaphor based on an acoustic echo chamber, in which sounds reverberate in a hollow enclosure. Another emerging term for this echoing and homogenizing eff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Polarization
Political polarization (spelled ''polarisation'' in British English) is the divergence of political attitudes away from the center, towards ideological extremes. Most discussions of polarization in political science consider polarization in the context of political parties and democratic systems of government. In two-party systems, political polarization usually embodies the tension of its binary political ideologies and partisan identities. However, some political scientists assert that contemporary polarization depends less on policy differences on a left and right scale but increasingly on other divisions such as religious against secular, nationalist against globalist, traditional against modern, or rural against urban. Polarization is associated with the process of politicization. Scholars distinguish between ideological polarization (differences between the policy positions) and affective polarization (an emotional dislike and distrust of political out-groups). Definition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assortative Mixing
In the study of complex networks, assortative mixing, or assortativity, is a bias in favor of connections between network nodes with similar characteristics. In the specific case of social networks, assortative mixing is also known as homophily. The rarer disassortative mixing is a bias in favor of connections between dissimilar nodes. In social networks, for example, individuals commonly choose to associate with others of similar age, nationality, location, race, income, educational level, religion, or language as themselves. In networks of sexual contact, the same biases are observed, but mixing is also disassortative by gender – most partnerships are between individuals of opposite sex. Assortative mixing can have effects, for example, on the spread of disease: if individuals have contact primarily with other members of the same population groups, then diseases will spread primarily within those groups. Many diseases are indeed known to have differing prevalence in di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Twitter
Twitter is an online social media and social networking service owned and operated by American company Twitter, Inc., on which users post and interact with 280-character-long messages known as "tweets". Registered users can post, like, and 'Reblogging, retweet' tweets, while unregistered users only have the ability to read public tweets. Users interact with Twitter through browser or mobile Frontend and backend, frontend software, or programmatically via its APIs. Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams (Internet entrepreneur), Evan Williams in March 2006 and launched in July of that year. Twitter, Inc. is based in San Francisco, California and has more than 25 offices around the world. , more than 100 million users posted 340 million tweets a day, and the service handled an average of 1.6 billion Web search query, search queries per day. In 2013, it was one of the ten List of most popular websites, most-visited websites and has been de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belief Spread
A belief is an attitude that something is the case, or that some proposition is true. In epistemology, philosophers use the term "belief" to refer to attitudes about the world which can be either true or false. To believe something is to take it to be true; for instance, to believe that snow is white is comparable to accepting the truth of the proposition "snow is white". However, holding a belief does not require active introspection. For example, few carefully consider whether or not the sun will rise tomorrow, simply assuming that it will. Moreover, beliefs need not be ''occurrent'' (e.g. a person actively thinking "snow is white"), but can instead be ''dispositional'' (e.g. a person who if asked about the color of snow would assert "snow is white"). There are various different ways that contemporary philosophers have tried to describe beliefs, including as representations of ways that the world could be (Jerry Fodor), as dispositions to act as if certain things are true (Rod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rumor Spread In Social Network
Rumor is an important form of social communications, and the spread of rumors plays a significant role in a variety of human affairs. There are two approaches to investigate the rumor spreading process: the microscopic models and the macroscopic models. The macroscopic models propose a macro view about this process are mainly based on the widely used Daley-Kendall and Maki-Thompson models. Particularly, we can view rumor spread as a stochastic process in social networks. While the microscopic models are more interested more on the micro interactions between individuals. Rumor propagation Models In the last few years, there has been a growing interest in rumor propagation in Online social networks problems where different approaches have been proposed to investigate it. By carefully scrutinizing the existing literature, we categorize the works into macroscopic and microscopic approaches. Macroscopic models The first category is mainly based on the Epidemic models Daley, D.J., a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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