self-reinforcing mechanism
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It is the positive feedback trading and self-reinforcing mechanism, which enforced the expectations normalized speed and degree. So the liquidity black hole appears.
正是这种正反馈的交易机制,自我增强了预期归一化的速度与程度,导致流动性黑洞的出现。
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Since researchers, administrators and grant-awarding bodies all take note of which work has got through this filtering mechanism, the competition to publish in the best journals is intense, and the system becomes self-reinforcing, increasing the value of those journals still further.
ECONOMIST: Academic journals face a radical shake-up