The financial crisis currently consuming the U.S. has led tech industry leaders, such as Microsoft’s Steve Ballmer, to speak out in favor of quick Congressional action. Tech stocks, as well as general stocks, have plummeted, and there is confusion over why this crisis is happening and spreading so fast. One explanation that makes a lot of sense draws on network and information theory. Network theory can help us understand the current market crisis, because it can aid in identifying and understanding cascading information network failures.
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Network Theory Can Explain US Credit Crunch
Posted by: Sonia Arrison October 3, 2008 04:00 AMThe financial crisis currently consuming the U.S. has led tech industry leaders, such as Microsoft’s Steve Ballmer, to speak out in favor of quick Congressional action. Tech stocks, as well as general stocks, have plummeted, and there is confusion over why this crisis is happening and spreading so fast. One explanation that makes a lot of sense draws on network and information theory. Network theory can help us understand the current market crisis, because it can aid in identifying and understanding cascading information network failures.