Role of information cascade in social media and politics
An information cascade occurs when people make decisions after watching the actions and decision of earlier ones. This leads people to rely on the possibly misleading information, provided by majority. For example, you tend to listen to the songs in the top list, which most of other people listened to, rather than searching for new […]
Following the Crowd: Is it Rational?
The article “The Science Behind Why People Follow the Crowd” by Rob Henderson discusses the influence of group behavior on people and the reasons behind it. Henderson uses research studies to convey that people’s views are reinforced by other people who share similar opinions. He also uses studies to show that people decide how to […]
The spread of Smart Phones
Article In the article “Are Smart Phones Spreading Faster than Any Technology in Human History?” the author analyzes various types of technologies and how they spread. The author then compares the spread of technologies with the spread of mobile phones, specifically analyzing the spread of smart phones after the introduction of Apple’s first iPhone in […]
Network effects on Bitcoin, and the cryptocurrency market
Article: https://www.aier.org/blog/how-important-are-bitcoin%E2%80%99s-network-effects Most people are familiar with network effects whether they know it or not. Most people who remember what Google+ is intuitively know that it failed not because it was a worse service than Facebook, but because it never got enough active users to get off the ground. The article discusses network effects […]
Vetements, Ugly Sneakers, Hype and the Cascade model.
https://www.gq.com/story/vetements-hoodie-buy-sold-out-price Every Friday there seems to be a new “drop” with rabid people furiously RSVPing to grimy events to get their hands on the new colorway of the same Hanes hoodie in our closets. Sorry, not the same as this is a product of a much-hyped collaboration. This phenomenon used to be limited to sportswear […]
Network Effects in Social Media
In earlier years, Facebook was extremely popular among middle and high school students. However, its usage by this age group has recently been on the decline. It has been predicted that the number of 12-17 year old users will fall 3.4% this year. Additionally, the teens and tweens that have not already left Facebook are […]
Using Cascades to Predict Weak Spots in Power Grids
https://www.bloomberg.com/news/articles/2017-11-16/looking-for-a-grid-s-weak-spots-scientists-may-have-the-answer Three researchers from Northwestern University used knowledge of cascades to develop a model to check how power would be distributed in the event of a power outage. Whereas older models of grids analyze only a small section of the grid or simplify the effects of power flow, the researchers’ model uses data from the […]
Information Cascades
https://www.cnbc.com/2017/11/17/wall-street-is-freaking-out-as-ea-caves-again-to-social-media-outrage-over-its-star-wars-game.html Electronic Arts, otherwise known as EA, is a video game developer whose stock is currently plummeting. This is due to a large scale effort by the fans to fight back against their alleged greedy intentions concerning the content in their upcoming star wars game. This fan revolt is occurring on multiple social media […]
Cheating in Online Games: A Social Network Perspective
The last homework made an intuition-based argument that information about how to cheat in games was more likely to be found from weak ties. That is, individuals generally found out about how to cheat in a game from people they didn’t know very well and who were not well embedded in their social network. This […]
The ‘Click’ Moment, and the ‘Weinstein Effect’
This article discusses the movement brought on by the allegations against Harvey Weinstein, and the history of women speaking up against sexual harassment. The article talks about Anita Hill’s televised testimony against Clarence Thomas in 1991, and how according to the United States Equal Employment Opportunity Commission, complaints about sexual harassment skyrocketed. In the past, […]
« go back — keep looking »