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Crowdsourcing a constitution

http://rendezvous.blogs.nytimes.com/2012/10/24/crowdsourcing-icelands-constitution/ http://www.euractiv.com/enlargement/icelanders-opens-way-crowdsource-news-515543   Modern democracies are almost all based on the democratic system of the ancient Greeks where citizens of Athens were able to vote directly on issues. Direct democracy works well for small cities, however as populations grew and large nations formed, it became infeasible for direct democracies to operate. However, with today’s technology, […]

Bitcoins: The Digital Phenomenon

A Bitcoin is a unit of a decentralized digital currency that was created in 2009.  This digital currency is not backed by any “traditional” currency, and does not have to go through a third party vender.  These Bitcoins are traded actively online with many currencies, the forerunner of which is the American dollar (USD).  Bitcoins […]

Networks Analysis of Basketball

As a basketball fan, I often hear commentators stressing the importance of good shot selection, which means taking shots that have a reasonably high chance of success. Additionally, crisp ball movement on the offensive side and solid defense significantly contribute to a higher winning percentage, supposedly. With this in mind, and drawing inspiration from [1], […]

Dutch Auction IPO vs. Traditional Book Building

In today’s business world, there are many ways for a company to raise capital. From issuing bonds, taking out a loan, and even issuing debt. Currently, when most companies issue an equity stake in their company to raise capital – or “go public” – they value their shares through a process called book building. In […]

Degrees of Separation and Social Media Advertising

Over spring break, I had lunch with some of my long-standing friends from high school. It was a pretty familiar setting, although one thing was different. My mom had decided to join us since she was in the area. After being introduced to some new faces, my mom began conversing with one of my friends. […]

Matching Markets in the NBC show Community

In the Season 3 Community episode Competitive Ecology, eight characters, Jeff, Troy, Britta, Annie, Shirley, Pierce, Abed, and Todd find they need to pair off into lab partners for a biology class.  Initially, they pair off somewhat randomly: Jeff with Annie, Troy with Abed, Pierce with Todd, and Shirley with Britta, but Britta and Troy […]

The Overheating Housing Market of Hong Kong

Hong Kong, despite being a territory of China,  enjoys a high level of autonomy since its handover from the UK in 1997. HK’s independent government possesses different policies from that of China and thus it faces very unique challenges, and the ongoing real estate bubble is certainly a major one. According to Savills, Hong Kong […]

Bitcoin and the Double-Spending Problem

Many digital currencies face the problem of double-spending: the risk that a person could concurrently send a single unit of currency to two different sources. This moral hazard arises due to the trivial reproducibility of digital information, and the information asymmetry that can result from this. Double-spending occurs when an agent can easily conceal or […]

Deception in Reviews

As I was in class on Thursday (3/28) when we were talking about information asymmetry, it reminded me of some research that I came across from Cornell Computer Science Professors, Myle Ott, Yejin Choi, and Claire Cardie. The paper is titled  “Finding Deceptive Opinion Spam” and is about an algorithm to find out whether a […]

The Weather Channel and Domain Name Competition

In order to have a website, the owner needs to register the name of domain with a company that keeps track of all the domain names. While there are a large number of possible names, only a relatively small amount are desirable.  Businesses with similar services will desire the same names.  Some businesses will buy […]

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