articles : http://www.entrepreneur.com/tradejournals/article/132511164.html
http://www.freerepublic.com/focus/f-news/1828706/posts
According to the article, at the end of 2001, the price of real estate, especially that of apartment, has been skyrocketed in some metropolitan area of Seoul, South Korea. That area is called Gangnam district where many private institutes gathered. […]
Archive for the 'Education' Category
Information Cascades: Real Estate Bubble in South Korea
Tuesday, April 1st, 2008 1:50 pm
Written by: roflcopter
Information Cascade
Tuesday, April 1st, 2008 1:13 pm
Written by: tglstory
In class, we discussed information cascade in terms of economic behavior of the mass. An information cascade is a situation in which every subsequent actor, based on the observations of others, makes the same choice independent of his/her private signal. This may result in erroneous mass behavior. Information cascade is similar to […]
Posted in Topics: Education
Coase Theorem: a foundation to deal with negative externalities
Tuesday, April 1st, 2008 12:24 pm
Written by: BoZo
We’re starting to cover in class the topic of network effects, where goods consumed have positive externalities (e.g. the more people have cellphones, the more utility the people buying them will enjoy). Of course, negative externalities exist as well: imagine a river, a factory upstream and a farm downstream. In this case, the water of […]
Posted in Topics: Education
Quality clicks: Making more with less
Tuesday, April 1st, 2008 2:54 am
Written by: mrjack
As a company built on search, it comes as no surprise that Google is heavily dependent on keyword-based advertising. A large chunk of Google’s revenue is generated from clicks on its search ads. Recently, a report from researcher comScore showed that Google’s search-related ads are experiencing a decline in the number of clicks. The research […]
Posted in Topics: Education, Technology
Do individuals recognize cascade behavior of others?
Tuesday, April 1st, 2008 12:01 am
Written by: aby4
A very interesting question was asked in a previous lecture about whether or not people can see past choices. According to the results of an experimental study based on the Bikhchandani, Hirshleifer and Welch (BHW) model, many individuals do not in fact recognize cascade behaviors of others. The BHW model shows that in decisive situations […]
Posted in Topics: Education
Be Your Own Critic
Monday, March 31st, 2008 11:09 pm
Written by: notworks32
Robert Shiller recently made an application about the incompleteness of information cascades and its dangerous attributes to the recent housing bubble. But what if the information that cascades is more opinionated than informational? An example of this is the critic industry. How many of us have seen a movie or eaten at a restaurant at […]
Posted in Topics: Education
Information Cascades and the Housing Bubble
Monday, March 31st, 2008 10:54 pm
Written by: enciphered
http://www.ohio.com/editorial/commentary/16246947.html?page=1&c=y
The Akron Beacon Journal discusses the recent housing bubble and the failure of economic experts to recognize the problem. They quote Alan Greenspan’s autobiography, saying, “I’d come to realize that we’d never be able to identify irrational exuberance with certainty, much less act on it, until after the fact”. The article introduces the […]
Posted in Topics: Education
Advertising, decent business?
Monday, March 31st, 2008 10:51 pm
Written by: josie2007
According to class material, Web search was initially supposed to only help users find relevant and useful pages. However, due to the exponential growth of the Web, it is impossible to prevent search engines from turning into profitable money-making machines. For search sites like Google, this industry makes up most of its revenue.
To increase effectiveness, […]
Posted in Topics: Education
Information Cascade and the Housing Bubble
Monday, March 31st, 2008 10:35 pm
Written by: c596
http://www.nytimes.com/2008/03/02/business/02view.html?_r=1&oref=slogin This article is about some of the reasons the experts did not detect the housing bubble before it happened. Much of what happened was because many of the top experts, including Alan Greenspan, thought the housing bubble was not going to be a bubble, but a ”froth”. This is a term used by Greenspan to […]
Posted in Topics: Education
Microsoft Blews
Monday, March 31st, 2008 10:07 pm
Written by: labbitz
Microsoft has an interesting project that they are presenting at the International Conference on Weblogs and Social Media, which is occurring right now (Microsoft’s project will be presented this Wednesday). Blews is a project that hopes to show what the political blogosphere tells us about news. Its goal is to move a step beyond typical […]
Posted in Topics: Education
Posted in Topics: Education
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