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One Man’s Plastic is Another Man’s Treasure: The Parody of Value in AuctionsI

The Bank of England recently started printing new untearable polymer plastic 5 pound notes (because there’s nothing worse than tearing your bills in your rush to pay the barista for your morning coffee), as part of its recent initiative to replace traditional paper notes. The frenzy surrounding the new currency has led to strange valuations […]

Sniper no sniping, Sniper no sniping.

One of the things we learned about in this class is the different types of auctions. For the most part, the average person today does not usually purchase goods via auctions (other than in specific cases like livestock or art). However, most people have used the bidding website, eBay, to purchase goods at some point […]

Game Theory and Baseball Relief Pitchers

http://www.economist.com/blogs/gametheory/2016/10/strategy-baseball Baseball is a sport where teams are relying on statistical analysis more and more in order to try and get an advantage over the opponent. The sport itself is a series of game theory games where the pitcher uses a mix of strategies in order to try and get the batter out.  Managers do not […]

Google’s SEO V.S Baidu’s SEO

Source: https://www.clickz.com/search-in-china-how-baidu-is-different-from-google/36812/ Baidu is the largest searching engine in mainland China since Google is force out of competition several years ago. Because of the big difference in dynamics of the consumer market.Because of this, there’s clearly a difference in search engine “personality,” summed up neatly here:Baidu asks: “What can I help you to do?” whereas Google asks: “What can I do […]

Using PageRank to Prevent Extinction

In the expansive network that is the Internet, there are websites that are more important than others. In order to determine this level of importance, Google uses the PageRank algorithm, which increases the importance of sites that are linked to other important sites. By doing this, Google determines which sites it should display in response […]

Deep Learning Networks

The article linked below highlights deep learning, a type of machine learning that may be applied to several different types of domains within the networks space. Deep learning networks have already engaged concrete results across spaces such as cybersecurity, gaming, search engine optimization, and emotion identification, and they continue to hold the potential to become […]

Dominant Strategy in eBay Second Price Auction

http://www.ebay.com/gds/Bidding-Strategies-Tips-for-Successfully-Winning-Items-/10000000004396516/g.html The article suggests ways to win an auction through eBay with strategies such as proxy bidding and bid sniping. Proxy bidding refers to the automatic incremental system that eBay utilizes. The system bids on your behalf up to the highest amount that you are willing to pay for an item. Take for instance the […]

Cascade: More people to join could be wrong

Human are social animals, so our action is generally being influenced by others, in particular when we are in the situation where surround a lot of people.  Therefore, we might have tendency to follow the crow in daily basis. From one particular example that I learned from chapter 16 from the book, comparing two restaurants […]

Power Disparity in Pro League of Legends

I’m a pretty casual player of League of Legends, a game that boasts a playerbase of around 27 million players active daily. The game is played with 2 teams of 5 players each, and whoever makes it across the map and destroys the other team’s base wins. The game is also pretty popular as an […]

Examining the Effect of Small Businesses on Ad Inventory Prices

According to adage.com, ad inventory prices have been consistently falling for years. Ad age attributes this decline to the rapidly increasing amount of ad inventory with relatively constant demand. The author of this article implies that these trends lower the value each potential buyer places on a given ad slot. The author then details how […]

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