Google AdWords’ Location Targeting
Google unveiled its new feature of AdWords, connecting Google Maps to its service in order to target customers based on location using more accurate geographical information. This new aspect will allow their clients to further focus on particular areas, marketing their ads for top-performance, as well as a slew of easy-to-use options to help you […]
Team Fortress 2 Going Free – Network Effects on Products
A couple months ago, the popular online video game “Team Fortress 2” became free to download and play online. http://www.develop-online.net/news/38103/Team-Fortress-2-becomes-free-forever Upon reading this article, it almost seems to fit too perfectly with what we have recently learnt about network effects on products. Valve representatives are quoted in the article saying things such as: “the more […]
Understanding Complex Networks
Understanding Complex Networks -Jason Kornwitz, News @ Northeastern A recent National Science Foundation grant awarded to Northeastern professors David Lazer and Alessandra Vespignani could provide valuable insight into the degrees of interdependence between various natural, social, and technological networks. Their primary goal is to track the passage of information, for example how knowledge of an […]
Information Cascades and Common Misconceptions
http://en.wikipedia.org/wiki/List_of_common_misconceptions The other day I found myself reading the above Wikipedia article about common misconceptions. This alone is not noteworthy, I often find myself clicking through Wikipedia when I should be doing much more useful things. However, this time I realized that each misconception I was reading is a direct result of an information cascade. […]
Information Cascade in Sports Betting
Las Vegas Nevada, one of “The Entertainment Capitals of the World,” has the reputation of being a gambler’s paradise. There are dozens of casinos where you can test your luck in activities such as poker, roulette, and sports betting. Sports betting is a type of information cascade in a multitude of ways. Firstly, many gamblers […]
A Fake Quotation Information Cascade
http://www.theatlantic.com/national/archive/2011/05/anatomy-of-a-fake-quotation/238257/ A few months ago, a Martin Luther King, Jr. quote made its way onto various blogs, Twitter feeds and Facebook statuses: “ ‘I mourn the loss of thousands of precious lives, but I will not rejoice in the death of one, not even an enemy.’ – Martin Luther King, Jr.” This quote was posted […]
Network Effects and the Aftermath of the Palestinian Bid for UN Membership
http://www.washingtoninstitute.org/templateC05.php?CID=3162 Whether or not the United Nations grants membership to a Palestinian state, the Israeli-Palestinian conflict will still be unresolved the next day. Furthermore, the UN vote will not occur in a vacuum; people all over the world will be waiting for the outcome and every person will have some reaction to the UN decision. […]
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