We want to thank the authors for responding to our paper and for apprising readers as to the effects of the new information technologies in Asian educational settings. We think Miyake has characterized our argument very accurately and succinctly. As she points out the equity issues we raise are exacerbated in Asia because the resources available through new technologies are mostly in English. B...

Johansen and Sornette proposes that the crash has fundamentally an endogenous origin and exogenous shocks only serve as triggering factors. This endogenous force is shown in price as power law log-periodicity (PLLP) signature prior to a crash. We estimate the highly nonlinear model developed by them using a hybrid approach which combines scatter search, genetic adaptor and tabu search. The mode...