spaetzblog

Stuff that doesn't matter

Mathew effect

Sat, 26 Feb 2005 [comments]
From Daniel Stewart's paper: ...Markets are constrained by processes of status differentiation which Merton (1968) called the "Matthew Effect". According to this principle, high status actors obtain greater recognition for performing a given task then do low status actors.... The term is derived from the New Testament Book of Matthew (25:29), which states, "For everyone who has will be given more, and he will have an abundance. Whoever does not have, even what he has will taken from Him."
blog comments powered by Disqus