Take advantage of Information Cascade by Yelp
Information Cascade happens at every second without people realizing. In lecture, we were given an example that one needs to choose a restaurant between two, and one restaurant is full of customers while the other barely has any. The restaurant is full could be interpreted as the restaurant has a good reputation. While all restaurant […]
How to avoid being victim of a cascade of information
This 1984 article by The New York Times discusses the murder of Kitty Genovese 20 years after it occurred. What made this event so famous is that ”for more than half an hour, 38 respectable, law-abiding citizens in Queens watched a killer stalk and stab a woman” and did not call the police. The first […]
Past the Tipping Point, but is That Enough
In Ed Watkin’s article, “Has Airbnb reached it’s tipping point,” he is discussing if Airbnb has enough power to take over the accommodations industry. It’s clear to him that they have the tipping power to be a large contender in the industry. What Watkin’s explains is that public policy is trying to reduce Airbnb’s power […]
Why QWERTY Still Reigns
Source: BBC NEWS This article from BBC News explores the origin of the QWERTY keyboard and why it continues to be the prevalent keyboard today. The history of QWERTY in the United States begins after the Civil War. Typewriters were the newly invented, and the industry sought standardization. QWERTY become standard because it solved a […]
How to improve Yelp review score
http://searchengineland.com/3-next-level-yelp-tricks-business-owners-263343 This article mentions three different strategies on how a Yelp business owner can improve his or her review score. The first strategy that this article mentions is calculating how many reviews it would take to reach a certain review score. For instance, it calculates how many five-star reviews and four-star reviews are needed if […]
Facebook Rumor Cascades
The term “rumor cascade” refers to the propagation of misinformation through social media posts. A study by researchers at Facebook demonstrates how readily and rapidly these false posts can spread. The researchers found that although re-shares of false rumors that are fact-checked are likely to be deleted, the cascade still propagates easily because most re-shares […]
Side Blotched Lizard and Evolutionary Game Theory
From the hypothetical example of evolutionary game theory in class, we saw that the aggressive strategy dominated the passive strategy. However, behaviors of real animals are much more complicated and may not lead to a stable outcome. Consider the side-blotched lizard. The lizards pursue a different mating strategy depending on their color. The orange lizards […]
Information Cascades. False News. Politics and Election
http://www.forbes.com/sites/quora/2016/11/24/did-fake-news-on-facebook-influence-the-outcome-of-the-election/#59d531b422cc In class we understood the impact of information cascades and more so the impact of pluralistic ignorance – the idea that an individual incorrectly recognizes their view as being ‘away from the mainstream,’ whereas on the contrary it is quite reflective of the majority and thus the mainstream and inherently people are not […]