Convergence : A phenomenon where a specific value or level moves toward a certain standard . A bubble occurs when a community’s value rises excessively due to overestimation , while an undervalued state is the opposite. Both eventually settle at a balanced value recognized by the community , called convergence. Bubbles and undervaluation represent states at any given time. If a seller sets a product at an excessively high price, it won’t sell indefinitely, and the seller will eventually lower the price. Market prices tend to converge. There isn’t a single correct market value, but converged values exist, and this phenomenon gives the market its meaning and existence. There’s no need to be arrogant when doing well, as your high wages will eventually align with the market price. - Joseph’s “just my thoughts”
Facts and fake news coexist on social media. So do claims and counterclaims. In theory, the new communication tools of social media give them equal opportunities to express themselves. It's a communication environment, unlike anything humanity has ever known. A great way to make your voice heard in this environment is to state your beliefs and connect with the people who support those beliefs through social media. Social media will connect you with sympathetic people, no matter how illogical or unpersuasive your beliefs. Traditional media can't structurally accommodate this mechanism, but it's a reality. - Joseph's "just my thoughts"