News Finding: First Bitcoin paper out! My first paper as last author, too. Cool.  Warning: may contain crazy stats
Paper Finding: The VAR reveals the following feedback cycles: -'social' cycle: search volume increases with price (f P,S ¼ 0.386), word of mouth increases with search volume (f S,W ¼ 0.243), and price increases with word of mouth (f W,P ¼ 0.1).
News Context: First Bitcoin paper out! My first paper as last author, too. Cool.  Warning: may contain crazy stats
Paper Context: In this statistical model, the change in each variable on a given day fDU t , DP t , DS t , DW t g is a linear combination of the changes in all variables fDU t21 , DP t21 , DS t21 , DW t21 g on the previous day, including a deterministic, a periodic and an error term . The VAR reveals the following feedback cycles: -'social' cycle: search volume increases with price (f P,S ¼ 0.386), word of mouth increases with search volume (f S,W ¼ 0.243), and price increases with word of mouth (f W,P ¼ 0.1). Simultaneously accounting for all dependencies between the four variables emphasizes the influence of word of mouth on price, revealing a stronger relation than cannot be observed with pairwise correlation analysis (more details in the electronic supplementary material, §S3).