2min chapter

Simplifying Complexity cover image

What made the Medici family so influential?

Simplifying Complexity

CHAPTER

How Do You Know if Your Bank Is Successful in Some Places?

Bank went door-to-door in villages to find people who were good information spreaders. Found that the most important predictor of whether a bank would be successful was if they ended up talking to highly diffusion central people, like teachers and shopkeepers. In one village this teacher was very well connected; in another he wasn't so well connected.

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