Archive for June 2007

Ah, the market moves quickly

June 30, 2007

If people want something enough, they will find a way to get it:  Apple Guerillas!!! | NYCTalk

(I am not sure if this is a scam or not, yet.  If it is, it won’t be long before something like this is legitimate, I bet.)

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You are dead to me.

June 17, 2007

In my opinion, one of the most hurtful things you can say to another person.

That phrase has got me thinking about social networks. One of the most interesting study of relationships versus markets is a study by a sociologist who looked at Hassidic diamond merchants in NY. The economic problem to solve is that you need time to study the diamond to see its value. But then, you will be worried that the examiner would steal the diamond. One way to make sure that the examiner returns it is some sort of collateral system: you put a big deposit down to examine the jewel. But that is not always feasible. So instead, the diamond mechants substitute social capital for financial capital. They are a small tightknit community. If you steal the jewel, you are out, and your children are out, etc, etc. As a consequence, no need for elaborate financial requirements. Of course if the community gets to too big, the social capital will fail.

I wonder if the internet changes the community size.

ism

June 7, 2007

Today i saw subtle ‘ism.’ I heard a conversation talking about the American group and the foreign group. But the thing is, it really was the Causasian group and the other non-Caucasin group, and that is not the same.

Wikipedia is pretty complete

June 3, 2007

there is a wikipedia page about my neigborhood! And it is not a famous neighborhood, either.