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This is done, for instance, by creating filters to make sure the first content a viewer sees is relevant, of interest, or with the approval of demographics."..an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes.And, for May, the prospect of such a backlash from her media allies and backbenchers might seem worse than the bad deal, even if she fully understands the economic consequences of no deal for the country.As well as game theory, economists talk of the “principal-agent problem”.

That threat is obviously greater if her parliamentary majority, as seems increasingly possible, turns out to be relatively modest.Some are now trading around lows not seen since the financial crisis.Attention economics is an approach to the management of information that treats human attention as a scarce commodity, and applies economic theory to solve various information management problems.We will need to watch very closely whose interests she is really serving.The NBER's Business Cycle Dating Committee maintains a chronology of the U. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak.Vickers was in charge of the Independent Commission on Banking when it recommended that banks swell their capital as an “insurance policy” to cover any losses.