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Archive for July 22nd, 2010

A while back we heard about MySpace population being larger than some nations. Now as the Economist reports, Facebook is the largest digital community, 3rd only to India and China in membership:

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Facebook has become the third-largest nation

Jul 22nd 2010

THE world’s largest social network announced that it had reached 500m members on Wednesday July 21st. If Facebook were a physical nation, it would now be the third-most populous on earth. And if the service continues to grow as rapidly as in the three months to July, it will reach one billion in about 15 months—almost the size of India. Not least because of its gigantic population, some observers have started to talk of Facebook in terms of a country. “[It] is a device that allows people to get together and control their own destiny, much like our nation-state,” says David Post, a law professor at Temple University, Philadelphia.

“Sent from my BlackBerry® wireless handheld”

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Hungry Investors

Ever invest on an empty stomach?

From Freakonomics:

Does hunger affect risk aversion? A new study, written up on the British Psychological Society blog, says it does. Researchers had 19 males play a gambling game after a long fast; immediately after a 2,000-calorie meal; and one hour after the meal. The immediate effect of the meal was neutralizing: the more risk-averse men were less cautious when playing immediately after eating, and the opposite was true for less risk-averse men. An hour after eating, men who felt less hungry played more cautiously. “This parallels findings in foraging animals,” said Mkael Symmonds, one of the study’s authors, “where changes in metabolic state promote changes in behavior to maintain or reach a metabolic benchmark (to take more risk if intake rate is relatively low, and less risk if intake is relatively high), but here we see the effect in the economic domain.” The researchers point out that their findings may have implications for the obese, dieters, and people with eating disorders. (And, of course, traders.)

“Sent from my BlackBerry® wireless handheld”

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