October 28, 2016· 31 min
52: What Math Models of Herding Cows Can Teach Us About Markets
Orality
Model
87%
Highly oral (epic poetry, sermons, hip-hop)
Speaker Breakdown
HostJoe Weisenthal(1,182 words)
M:29%
HostTracy Alloway(1,538 words)
M:29%
GuestJie Sun(1,149 words)
M:28%
GuestErik Bollt(891 words)
M:28%
GuestMason Porter(789 words)
M:27%
Oral Indicators
Agonistic30%
definitely, basically, totally
Engagement79%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
they (57x), it's (49x), think (47x)
Parallelism96%
And, let me just say that I th..., And, just to give you an idea ..., And he's left me to do this po...
Sound Patterns60%
36 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases3%
i mean
Literate Indicators
Hedging13%
probably, may, rather
Passive Voice5%
was called, was written, was interested
Abstract Nouns20%
investment, business, transportation
Subordination10%
because, while, though
Sentence Length39%
Avg: 14.8 words/sentence
Word Complexity46%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style21%
473 personal pronouns found
Descriptive Style89%
probably, kelly, definitely
Description
Investors are often said to exhibit herding behavior when they follow each other into crowded positions — creating market bubbles that are susceptible to sudden pops when everyone begins stampeding for the exit. This week we take the analogy literally and speak to three professors who have created a mathematical model to examine why cows synchronize their behavior and — crucially — why they stop. Jie Sun, Erik Bollt, and Mason Porter, the authors of "A Mathematical Model for the Dynamics and Synchronization of Cows," extrapolate their findings to humans and modern markets. This episode is co-hosted by our resident bovine expert, Lorcan Roche-Kelly. See omnystudio.com/listener for privacy information.