Rich-Get-Richer model through Facebook and Myspace
From 2005 to 2008, Myspace dominated the social networking market, even surpassing Google as the most visited webpage during one month. Myspace’s rise to prominence stemmed from its early start in the market, as it was one of the few established networking sites at the time. It also attracted key celebrities, who brought in even […]
Cascading Effect in History- the Red Scare
Throughout history and even today, we can see how crowd behavior can affect our own actions. It is a lot easier for us to go along with the majority, even if our beliefs conflict. One example in history of the powerful capabilities of the “crowd” and of the cascading effect is the Red Scare. The […]
Rich Get Richer as Google and Facebook Dominate Web Ads
http://www.barrons.com/articles/rich-get-richer-as-google-and-facebook-dominate-web-ads-1443851396 Although numerous for-profit websites sell advertisements, the market is largely dominated by a duopoly of the strongest ad sellers, Google and Facebook. Companies looking to advertise online are more and more bidding for slots on the these two websites, leaving little money for anyone else. Other websites such as Twitter, Yahoo!, and LinkedIn have become […]
Cascade Effect and Bremont Watches
http://www.nytimes.com/2015/11/12/fashion/the-english-brothers-say-a-british-identity-has-helped-the-bremont-watch-brand.html?_r=0 This article is commenting on the recent popularity of a new watch brand in the U.K., Bremont Watches. They wanted to create a watch that was a British watch that would have a British identity. The watch was made in the U.K. with all the assembly being doing in the country and only […]
Applications of Bayes’ Theorem
Imagine a mother who has two children and you select one child at random. What are the odds that the other child is a boy? Most would say it is 1/2, and this turns out to be correct. After you selected a child, suppose that nothing changed except that the mother confirms that she has at […]
Backmarkers: The Rich Get Richer in Formula 1
Link: http://www.skysports.com/f1/news/32420/10055501/powering-up-f1-for-the-future In a high octane, multi billion dollar global environment, Formula One isn’t just about winning races– you have to have the money and popularity to do so. Building a car easily costs more than a million dollars, and a more competitive car often means that you’ll have to spend more money on development-money which […]
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