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Structural Balance in Alliances against ISIS

A recent problem in the world that has been causing much disturbance and turmoil is the Islamic State in Iraq and Syria (ISIS). This is a radical Islamic group whose aim and purpose is to create an Islamic state across Iraq and Syria and to have the nation ruled by Sharia law. They initially started […]

Potential Problems Behind Crowd Wisdom

In class, we discussed potential problems behind information cascades. When individuals follow¬†the crowd, they sacrifice their own private information in favor of crowd wisdom. Usually, this is a smart move, because the collective knowledge tends to be more accurate than one’s own knowledge. However, crowd wisdom is not necessarily very accurate. For instance, in the […]

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