Understanding the Economics of Networks

The video features a discussion with Professor Sanjeev Goyal on network theory, exploring its implications in economics, social learning, and financial systems. It highlights the concept of six degrees of separation, the role of hubs in networks, and the potential anti-competitive nature of network externalities. The conversation also delves into the structure of financial networks and the systemic risks posed by core-periphery structures.

What is the significance of the 'hub and spoke' structure in networks?

How does the concept of network externalities relate to platforms like Facebook?

What are the potential risks associated with financial networks having a core-periphery structure?

What lessons can be learned from the rise and fall of social networks like Myspace?