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Game Theory and Game Winning Shots in Basketball

Basketball is a sport loved by so many people around the world, and when it comes to the final game winning shot in a close game, its excitement is unparalleled to other sports. In the cited article, the author introduces a study by Shawn Ruminski. Ruminski links two situations on basketball court to his study. […]

Structural Balance Property and its Diplomatic Implications

International relations and diplomacy are a good representation of a complex and interconnected global network. International relations are not just a representative of a simple network graph, but also one for network graphs with positive and negative edges, directional edges and further additional nuances. The United States has been one of the most dominant presence […]

Why Do IPO Auctions Fail?

From Kellogg School of Management at Northwestern University https://insight.kellogg.northwestern.edu/article/why_do_ipo_auctions_fail   This particular article discusses the role that auction theory plays within IPOs when firms such as Google take a nontraditional approach. Though IPO auctions are rare, it appears Google took this approach back in 2004 when it used a Dutch auction to determine who gets […]

How Google Ensures High-Quality Advertisements

Google has been known (for the most part) to prioritize the search accuracy over higher profit. The company strives to continue to provide high quality and accurate services to its user base while generating the majority of its revenue through advertisements. Google, as discussed in class, uses a variation of the second price VCG auction […]

Can PageRank predict your dating patterns?

In a novel application of PageRank — the algorithm created by Google’s founders to rank Web pages — a group of researchers conducted a study which found that online daters tend to pursue people who are “out of their league.” The study was conducted over a one-month period in 2014, and it looked at anonymized […]

Facebook Ads Bidding

Article Link: https://adespresso.com/blog/everything-need-know-facebook-ads-bidding/ This article discusses the methods Facebook uses with its advertisers for determining ad prices as well as which ads they ultimately end up showing to their users. It first explains the reasons for holding an auction. Essentially, there are far more advertisers than there are ad slots on the website, and so in […]

Information Cascades and the Spread of True vs. False News

Article Link: http://science.sciencemag.org/content/359/6380/1146 Recently “fake news” has become an important problem that society has started to acknowledge as it becomes more and more prevalent due to new social media technologies. Most discussions of false news have revolved around anecdotes, examples and theoretical ideas on how to tackle the problem rather than performing investigations into why this […]

Evidence-Based Hearsay: Clinical Medicine’s Fake News–Information Cascades

The article discusses a paper written by Stanford professor, John Ioannidis called “Why Most Published Research Findings Are False”. Believe it or not, in the paper,Ioannidis makes the claim that most published research findings are false due to errors in methodology and bias. He examines a case in which even unsolicited online reviews for a […]

Information Exchange In Geriatric Hospitals

Information exchange is vital in medicine; physicians and nurses must be aware of patients’ conditions, allergies, and current medications to avoid potentially fatal medical errors (e.g. drug interactions, allergic reactions, and side effects), which have been estimated to kill between 150,000 to 250,000 people annually in the U.S. alone. Identifying powerful/influential links is crucial to […]

Jon Kleinberg – The HIT(S) Man

Jon Kleinberg is a member of the Cornell faculty that we should all greatly appreciate for his contribution to the understanding of the internet. Not only did he pioneer the use of the PageRank system, but he also came up with one of the most important network algorithm employed on the web – the HITS […]

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