How to use PageRank to get the most donations
http://www.memwg.com/real-life-applications-for-pagerank/ The link above focuses on a real life application of PageRank, a topic we heavily emphasized in lecture. If you don’t remember, PageRank is the basis of the Google search algorithm, which determines the relative importance of pages, allowing the user to receive unbelievably accurate and efficient search results. PageRank begins with simple voting […]
The Real Reason Behind Rioting: Information Cascades
http://voxeu.org/index.php?q=node/7156 In recent years, economists have struggled to explain why regime changes occur in certain governments, and why riots ensue to try and force a regime change. While it is not directly clear as to how or why these riots and upheavals occur, economists have begun to explain the phenomena using information cascades. Chris Ellis […]
Quantum Game Theory
In a classical game, the rules and outcomes can be predicted with certainty. Take, for example, flipping a fair coin: The possible outcomes are {H,T} with probabilities 0.5. In Quantum game theory, it is possible to end up with a probabilistic outcome. An inevitable result of probabilistic outcomes is that theoretically you can have less […]
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