Beyond instant runoff: A better way to conduct multi-candidate elections
Source: https://theconversation.com/beyond-instant-runoff-a-better-way-to-conduct-multi-candidate-elections-74973 This news article discusses the various ways that one can conduct elections where there are more than two alternatives, which in political situations consists of candidates. In this news article, the state of Maine adopted a voting system called “instant runoff” a deviation from the original voting system that the U.S has in place […]
Bitcoin Lemon Markets?
In a crucial time when there is so much buzz over investing in bitcoins and risks/ benefits involved in doing so, this article ties in perfectly with current issues as well as the Akerlof’s lemon markets evaluation. This article offers more insight to lemon markets and sites that there is more to lemon markets than […]
Insurance Rates Under the Affordable Care Act
(Inspired by No, Obamacare Hasn’t Jacked Up Your Company’s Insurance Rates.) Mandelbaum’s article debunks some popular claims about the Affordable Care Act, chief among those that insurance premiums for small businesses are “skyrocketing” dramatically year-over-year. He points out that health premiums have been rising for years, and also that the growth has actually slowed since […]
How Misinformation Spreads on WeChat
The Chinese social media application WeChat has over 980 million monthly active users. Similarly to other popular social media applications such as Facebook and Twitter, WeChat combines private messaging with an ability to release information to a large audience through public posts. However, unlike the other social media giants, WeChat users get the majority of […]
The Kentucky Derby
The Kentucky Derby, one of the most lucrative betting events that occurs the first Saturday every May, has been around since 1875 until now. On this day, people bet on horses they think will win the race and the winnings can go into the millions. This annual race incorporates much of what is learned in […]
Hackers and Information Cascades
Cyber security has always been a complicated topic in society. Everyone understands the importance of being secure and the danger of being hacked or having one’s identity stolen, but how do hackers actually get our information? With recent news of the Equifax data breach, Uber’s data breach, and many more company failures, this brings up […]
Viruses and Networks
Link: http://www.cnn.com/2017/10/31/health/marburg-virus-uganda/index.html This article from CNN was investigating on the Marburg virus outbreak in Uganda, which is spread through bodily fluids, bats, non-human primates, such as gorillas, chimpanzees, and monkeys. This outbreak has five cases, two probable, one suspected, and two confirmed. Many health officials are worried about this outbreak because the high mortality rate, the […]
Information Cascades and Sexual Harassment Scandals
https://www.ft.com/content/6973e6d6-d047-11e7-9dbb-291a884dd8c6 This article points out the reason why there have been so many sexual harassment scandals recently with the rise of technology. This is directly related to the new ease for victims and reporters to complain about sexual harassment and abuses. The ability to have information spread so quickly is one of the largest reasons […]
Triadic Closure and the rising popularity of the HQ App
HQ is a new trivia app where users can play live trivia against each other (yes everyone plays each other at the same time) and compete for cash prizes (currently averaging at $1,000 per jackpot). The winnings are split between all of the users who answer the 12 trivia questions correctly. Sounds easy, right? The […]
Social Media Versus Word of Mouth
Social media enables individual users to quickly and efficiently disperse information to large groups of people. Social media sites such as Facebook and Twitter are used to share political views, purchasing decisions, events and more. As such, it would seem that in person, word of mouth communication has become obsolete, as it is much slower […]
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