Information cascades in diets
Information cascades play a big role in the effects of social networks. Interestingly, we can see that individuals will place their decisions on certain things depending on choices made by previous individuals rather than solely relying on themselves to make a decision. Even very little information can result in a significant result, therefore, very few […]
Cascading in CSGO
Links: http://blog.counter-strike.net/ http://store.steampowered.com/app/730/CounterStrike_Globalw_Offensive/ https://en.wikipedia.org/wiki/Counter-Strike:_Global_Offensive Counter-Strike: Global Offensive (CSGO) is a first person shooter (FPS) video game available on the Steam gaming engine. The links above provide more information about the game. The (casual version of the) game starts on a map chosen by the players and equally distributes players into two teams. The goal is […]
Radical religious ideology or just new technology?
https://www.newyorker.com/magazine/2015/11/23/conversion-via-twitter-westboro-baptist-church-megan-phelps-roper The resilience of radical groups to the influence outside ideas is well-documented. Ranging from little-known cults to the Westboro Baptist Church, these groups all seem to follow remarkably similar strategies in surviving and propagating their ideologies, a daunting task in today’s digital world. While their ability to survive extensive contact with outside information and […]
Social Network Analysis – Military Intelligence Usage
The following article describes how social network analysis and connections between content (nodes) in a diagram can help government and intelligence agencies such as the NSA gather information for military purposes. Social Network Analysis or SNA is beneficial in determining “the nature of relationships” by defining relationships based on how many mutual friends or links […]
Why Fake News Spreads So Fast on Facebook
https://www.bloomberg.com/view/articles/2017-08-31/why-fake-news-spreads-so-fast-on-facebook As we learned in class, behaviors and decisions are spread through populations fairly quickly, through information cascades. In a given network, a cascade is initiated through the actions of an individual’s connections. In other words, a cascade causes an individual to act based on the experiences of other people in that person’s network. These […]
Using Information Cascades to reflect on Tulip Mania
In the present and future, technology and globalization have the ability to impart powerful social forces to influence behaviors in all facets of our economies and organizations. These influences may be based on sound and logical reasoning, but can also be based on “herd instinct” or emotional responses to stressful events. The way this phenomenon […]
Information Inequality in a Global Context
Access to the internet and the news that brings should be a universal right. While this is true for most of the developed world, most of the planet can’t access the internet, either through outages, lack of infrastructure or censorship. The outcome of this is a form of information inequality, where a large portion of the […]
The Boom of Sexual Assault Allegations in Hollywood
Hollywood has been under fire for several weeks since the first sexual harassment allegations against film producer Harvey Weinstein arose. Since the first wave of charges, it seems that more figures in both Hollywood and the political world are being accused of sexual assaults. Powerful figures such as Senator Al Franken, Kevin Spacey, and Louis […]
Information Cascades and Large-Scale Power Outages
An information cascade is a phenomenon that occurs when an individual makes a decision based on the choices made by previous individuals, instead of acting solely on their own personal information. From Chapter 16, we know that cascades can have significant consequences as a result of relatively little information, and as a result can be […]
Information Cascade and the Stock Market
In this article, the writer states that stock prices are divorcing from the company’s actions. When the price is rising, more people buy the stocks and drive the price even higher. When the price is dropping, people sell them and the drive the price down. Equilibrium isn’t formed in the stock market and underlaying values […]
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