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~ڦb^RBjǡAi׬@~ެs(STS)Ӥhҵ{A~L ӤhפAOH䪺wjDC zLXݷO̴{Ѫ@ǪB͡Ai@BoӰDC


After a bubble

It is easy to be wise with hindsight.

Many like to conclude the 99-00 dotcom bubble with 'herding' and 'bubble economy'. But for things happening in that period - perhaps you had abandoned a job to start a dotcom, queued for application of Tom.com's IPO , bought the shares of PCCW at the peak of its price, or praised the future of IT and dotcoms in analyst reports / the media - why did you behave like that?

During the peak of the dotcom bubble, I was running around for dotcom news everyday. I had said flamboyant words, and heard even more of them. Afterwards I cannot stop being intrigued. Human beings are strange animals.

Apart from financial market theories, I believe there are sociological perspectives that would be good to explain for those events, at least partially. Like the 'tulipmania' in the Netherlands during the 16th century or the South Sea Bubble in England during the 17th century, there were mutually susceptible dynamics among members of society, and there were elements in the political and cultural background.

This year I am studying a 1-year master course in Science and Technology Studies (STS) at the University of Edinburgh. My master dissertation would be on the dotcom bubble in Hong Kong. I hope that by interviewing people involved (including some old acquaintances), this issue can be further explored.


qlG L.L.Siu@sms.ed.ac.uk
DG http://www.angelfire.com/sc3/siu/