Connectivity breeds copying with possibly adverse consequences. Observing the law or following social norms are also forms of copying, but are a consensual aspect of social behavior. What we have discussed in this chapter is a replication of others’ behavior based on limited information, on the part of the originator of the action as well as followers. Systemic risk in financial markets arises from precisely this form of copying behavior. Copying without a clear individual agenda is the issue here.
When Alice asked the Cheshire Cat for directions, she was told “That depends a good deal on where you want to get to.” Upon answering that she didn’t care, the Cheshire Cat replied, “Then it doesn’t matter which way you go” .
Granularity in products and organizations is the force that could inject personalized trajectories, mitigating copying due to the FOMO.
1. The fifth largest Wall Street investment bank, Bear Stearns was on life support over the March 15-16, 2008 weekend and remained solvent on Monday, March 17 only after a $30 billion cash infusion from the Federal Reserve via the regulated commercial bank, JP Morgan Chase .
The unique feature of the Power Law distribution is that there is no characteristic node or average number of links for nodes, nor a wrell- defined standard deviation, as is common in the bell curve or normal distribution.
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 “Developed World Plays Waiting Game with Mobile Payments,” Financial Times, October 16, 2015.
 Author’s calculations based on data from the Board of Governors of the Federal Reserve System, retrieved May 2, 2016 from https://www.federal reserve.gov/paymentsystems/coin_currcircvalue.htm
 Bohme, Rainer, Nicolas Christin, Benjamin Edelman, and Tyler Moore. “Bitcoin” Economics, Technology, and Governance.” Journal of Economic Perspectives, Spring, 12-15, 2015.
 Bhatt, Swati, “Why Don’t More Americans Use Mobile Payments,” International Banker, Spring 2016
 Parmar, Neil, “How Crowdfunding Opens Doors Long Closed to Most Investors,” Wall Street Journal, November 10, 2014
 Barabasi, Albert-Laszlo. Linked: The New Science of Networks. Cambridge, MA: Perseus Publishing, 2010.
 Carroll, Lewis. Alice’s Adventures in Wonderland. London: Macmillan and Co, 1865.