Encyclopedia > Aggregation

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Aggregation

In economics, aggregation is any attempt to bypass information asymmetry[?] by systematically amassing information about prices and other features of goods[?] on the market. Shop bots[?] are a commercial example of aggregation in action.

In biology the term is applied to fish, birds and insects and describes a gathering of animals of the same size and body orientation, often cruising in the same direction. See schooling.

See also traffic aggregation[?] in telecommunications.



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