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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, such as the individual observing others' choices and the apparent outcomes. 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 choices made by those who acte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behavioral Economics
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional 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. Behavioral economics began as a distinct field of study in the 1970s and 1980s, but 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. Behavioral economics is still growing as a field, being used increasingly in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Network
A social network is a social structure consisting of a set of social actors (such as individuals or organizations), networks of Dyad (sociology), dyadic ties, and other Social relation, social interactions between actors. The social network perspective provides a set of methods for analyzing the structure of whole social entities along with a variety of theories explaining the patterns observed in these structures. The study of these structures uses social network analysis to identify local and global patterns, locate influential entities, and examine dynamics of networks. For instance, social network analysis has been used in studying the spread of misinformation on social media platforms or analyzing the influence of key figures in social networks. Social networks and the analysis of them is an inherently Interdisciplinarity, interdisciplinary academic field which emerged from social psychology, sociology, statistics, and graph theory. Georg Simmel authored early structural th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berlin Wall
The Berlin Wall (, ) was a guarded concrete Separation barrier, barrier that encircled West Berlin from 1961 to 1989, separating it from East Berlin and the East Germany, German Democratic Republic (GDR; East Germany). 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 primary intention for the Wall's construction was to prevent East Germany, East German citizens from Emigration from the Eastern Bloc, fleeing to the West. The Eastern Bloc, Soviet Bloc propaganda portrayed the Wall as protecting its population from "Fascist (insult), fascist elements conspiring to prevent the will of the people" from building a Communism, communist state in the GDR. The authorities officially referred to the Berlin Wall as the ''Anti-Fascist Protection Ram ... [...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 the 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
East Germany, officially known as the German Democratic Republic (GDR), was a country in Central Europe from Foundation of East Germany, its formation on 7 October 1949 until German reunification, its reunification with West Germany (FRG) on 3 October 1990. Until 1989, it was generally viewed as a communist state and described itself as a Socialist state, socialist "workers' and peasants' state". The Economy of East Germany, economy of the country was Central planning, centrally planned and government-owned corporation, state-owned. Although the GDR had to pay substantial war reparations to the Soviets, its economy became the most successful in the Eastern Bloc. Before its establishment, the country's territory was administered and occupied by Soviet forces following the Berlin Declaration (1945), Berlin Declaration abolishing German sovereignty in World War II. The Potsdam Agreement established the Soviet occupation zone in Germany, Soviet-occupied zone, bounded on the east b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leipzig
Leipzig (, ; ; Upper Saxon: ; ) is the most populous city in the States of Germany, German state of Saxony. The city has a population of 628,718 inhabitants as of 2023. It is the List of cities in Germany by population, eighth-largest city in Germany and is part of the Central German Metropolitan Region. The name of the city is usually interpreted as a Slavic term meaning ''place of linden trees'', in line with many other Slavic placenames in the region. Leipzig is located about southwest of Berlin, in the southernmost part of the North German Plain (the Leipzig Bay), at the confluence of the White Elster and its tributaries Pleiße and Parthe. The Leipzig Riverside Forest, Europe's largest intra-city riparian forest, has developed along these rivers. Leipzig is at the centre of Neuseenland (''new lake district''). This district has Bodies of water in Leipzig, several artificial lakes created from former lignite Open-pit_mining, open-pit mines. Leipzig has been a trade city s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Echo Chamber (media)
image:Hallraum TU Dresden 2009-06-21.jpg, Echo chamber of the Dresden University of Technology image:Hamilton Mausoleum Interior.jpg, Hamilton Mausoleum has a long-lasting unplanned echo An echo chamber is a hollow enclosure used to produce reverberation, usually for Sound recording and reproduction, recording purposes. A traditional echo chamber is covered in highly acoustically reflective surfaces. By using directional microphones pointed away from the speakers, echo capture is maximized. Some portions of the room can be moved to vary the room's decay time. Nowadays, Effects unit, effects units are more widely used to create such effects, but echo chambers are still used today, such as the famous echo chambers at Capitol Studios. In music, the use of acoustic Echo (phenomenon), echo and reverberation effects has taken many forms and dates back many hundreds of years. Sacred music of the Medieval and Renaissance Sacred music, periods relied heavily on the composers' extensive und ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Polarization
Political polarization (spelled ''polarisation'' in British English, Australian English, and New Zealand English) is the divergence of political attitudes away from the center, towards ideological extremes. Scholars distinguish between ideological polarization (differences between the policy positions) and affective polarization (an emotional dislike and distrust of political out-groups). 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 w ... [...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 d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Twitter
Twitter, officially known as X since 2023, is an American microblogging and social networking service. It is one of the world's largest social media platforms and one of the most-visited websites. Users can share short text messages, images, and videos in Microblogging, short posts commonly known as "Tweet (social media), tweets" (officially "posts") and Like button, like other users' content. The platform also includes direct message, direct messaging, video and audio calling, bookmarks, lists, communities, a chatbot (Grok (chatbot), Grok), job search, and Spaces, a social audio feature. Users can vote on context added by approved users using the Community Notes feature. Twitter was created in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams (Internet entrepreneur), Evan Williams, and was launched in July of that year. Twitter grew quickly; by 2012 more than 100 million users produced 340 million daily tweets. Twitter, Inc., was based in San Francisco, C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belief Spread
A belief is a subjective attitude that something is true or a state of affairs is the case. A subjective attitude is a mental state of having some stance, take, or opinion about something. 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 individuals 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 ways that contemporary philosophers have tried to describe beliefs, including as representat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
