tag:blogger.com,1999:blog-4073991368963140015.post7994399800731435810..comments2023-11-05T12:18:27.222+00:00Comments on Labour And Capital: Information cascades and eating on holidayTom Powdrillhttp://www.blogger.com/profile/05511483398745094803noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4073991368963140015.post-81916151808968854222008-03-22T01:07:00.000+00:002008-03-22T01:07:00.000+00:00I'm not sure I'd be happy to capitalise on such in...I'm not sure I'd be happy to capitalise on such instinctive thinking. It strikes me though that if there are two restaurants and one is significantly cheaper than the other choice might depend upon affordability. Also if one is a well-known chain restaurant tourists might opt for it over an unknown?<BR/><BR/>My problem with the example given is that it assumes that the second and third tourists are acting on "popularity" over other, unmentioned factors such as those I've given.<BR/><BR/>With regard to the near-run on HBOS this week, am I alone in thinking the supposed manipulation is a ruse - the Bank of England's plan to rescue the financial sector? It would seem like the best way of preventing more Northern Rock-type scenarios playing out, no? Punters think: oh, it's just a hoax, nothing to worry about...Charlie Markshttps://www.blogger.com/profile/12770820928636046622noreply@blogger.comtag:blogger.com,1999:blog-4073991368963140015.post-77377837212984117002008-03-20T13:20:00.000+00:002008-03-20T13:20:00.000+00:00THere must be a way of using this to our advantage...THere must be a way of using this to our advantage... (not financially!)Tom Powdrillhttps://www.blogger.com/profile/05511483398745094803noreply@blogger.comtag:blogger.com,1999:blog-4073991368963140015.post-82294096422199079642008-03-18T21:47:00.000+00:002008-03-18T21:47:00.000+00:00Not if you own the "popular" restaurant!Not if you own the "popular" restaurant!Charlie Markshttps://www.blogger.com/profile/12770820928636046622noreply@blogger.com