In its twice-yearly health-check on the financial system, published this month, the Bank of Canada concluded that "extrapolative expectations" are a feature of the market.
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"Many cryptocurrencies have exhibited the classic hallmarks of bubbles including new paradigm justifications, broadening retail enthusiasm and extrapolative price expectations reliant in part on finding the greater fool," he said.
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"Many cryptocurrencies have exhibited the classic hallmarks of bubbles including new paradigm justifications, broadening retail enthusiasm and extrapolative price expectations reliant in part on finding the greater fool," he said.
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Rapid price gains in Toronto suggest the market has entered a phase in which these "extrapolative expectations" are becoming more pervasive and speculative buying is taking place, the bank said in the report.
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From there, Hawkins employed his own special brand of extrapolative idiot-logic to deduce that there must be lions in Florida—because, as the historian Andrea Smalley writes, "the enmity between lions and unicorns was well known, and no beast could exist without its enemy."
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"Thus far, however, rather than such a sober assessment of future prospects, the prices of many cryptocurrencies have exhibited the classic hallmarks of bubbles, including new paradigm justifications, broadening retail enthusiasm and extrapolative price expectations reliant in part on finding the greater fool," the BOE governor said.
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The most worrying predictions for data center usage are based on an extrapolative model that fails to account for the major gains made every year in energy efficiencies, which are almost certain to increase along with our demand and usage of data centers, as many recent studies have noted.
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Anthony Boucher received the collection enthusiastically, describing the two novellas included as "models absolute of extrapolative with and insight" while finding the shorter stories "of almost comparable quality.""Recommended Reading," F&SF;, September 1958, p.98.
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In private equity, the extrapolation of past performance is driven by stale investments. State and local governments that are more fiscally stressed by higher unfunded pension liabilities assume higher portfolio returns through higher inflation assumptions, but this factor does not attenuate the extrapolative effects of past returns.
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"The Push from Within: The Extrapolative Ability of Theodore Sturgeon" . First published 1979, print. Retrieved 2020-03-20. Quote: "first stories in science fiction which dealt with homosexuality, 'The World Well Lost' and 'Affair With a Green Monkey'", and sometimes put gay subtext in his work, such as the back-rub scene in "Shore Leave", or in his Western story, "Scars".
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Another business application is the price setting strategy in marketing practice. The peak-end rule suggests that reference price, an internal price benchmark, is formed as a weighted average of the highest observed price and the most recent price. Among all four reference price models (the peak-end model, extrapolative expectations model, adaptive expectations model, and rational expectations model), the peak-end model is the most plausible representation of consumer's cognitive processes at an individual level. De Maeyer and Estelami suggest that occasionally raising the price of the brand above the desirable level may restore the reference price for the brand.
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