Explanations
2023 Banking Crisis - Have cyber Flash-mobs contributed to the crisis?
20th March 2023
Has the spread of social media and the virality of the speed at which communication happens today contributed to the 2023 banking crisis? have cyber flash-mobs helped create the problem afflicting the European and US banking system? This is a really interesting seven minute discussion between Fareed Zakaria (CNN) and Gillian Tett. There is a neat example of game theory in here as well!
What caused this banking crisis?
— Fareed Zakaria (@FareedZakaria) March 19, 2023
On today's GPS, I talked with the @FinancialTimes’ US editor at large, author & anthropologist @gilliantett, about the role of herd mentality, the rapidity of social media & the tech sector's idiosyncrasies: pic.twitter.com/CX7gP9fZ72
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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Study Notes