Financial Risk in the Age of Social Media
Cass Sunstein writes in his book “#Republic: Divided Democracy in the Age of Social Media” of the danger to liberal representative democracy from our increased ability, facilitated by new technology, to filter news and opinions. We favour interaction with like-minded people, and stories that conform with our existing view of the world. Our increased choice
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Post-Truth Politics
Social inequality and lack of upward mobility in the US has combined with shorter attention spans – a function in part of social media – to create a post-truth world. More specifically, generalised anger with the status quo and a desire for change has been channeled into particular disillusion with a political establishment seen as remote,
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Bubble Trouble Part 2: Myopia, Herding & Illusion
Financial institutions investing other people’s money often behave in a markedly different way to those investing their own. One of the possible explanations is that the actions of the agents employed to manage allocations of behalf of others is biased by self-interest in an environment lacking transparency. Different investors have different reasons for chasing a bubble. Very simplistically, one could
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