Cascade Effect and Cornell University’s Median Grade Reports
From 1996 to 2011, Cornell University compiled and published the median grades of all courses offered, as well as the number of students enrolled in those respective courses. This gave students additional information when choosing classes for enrollment. This model provides a sound example of information cascade where – assuming all students want to A) […]
Apple: The King of the Network Effect
It goes without saying that Apple creates popular, great looking, and all around great quality products. It’s hard for one to walk around a college campus and not find someone working on their MacBook Pro, listening to their iPod, or talking on their iPhone. These great looks and quality components usually come at a price […]
Most teens have seen bad behavior on social media sites: survey
Wing-Yee Man Blog 2 Nov 14, 2011 Most teens have seen bad behavior on social media sites: survey http://latimesblogs.latimes.com/technology/2011/11/although-69-of-teenagers-who-use-social-networking-websites-say-their-peers-are-mostly-kind-to-one-another-online-88-said.html According to a study used in this article (“ Teens, Kindness and Cruelty on Social Network Sites..) the majority of teenagers say that they have witnessed people being mean and cruel to […]
Upvote All the Things: Power Law Analysis of reddit
While the concept of a social news website isn’t a new one, reddit slowly is becoming one of the most popular websites lately (Alexa). Founded in 2005, at the beginning of Digg’s popularity (another social news website), reddit has steadily been growing in user-base since. With the ability to downvote submissions (see below for description), […]
Information Cascade and the Political Division of South Korea
Information cascade occurs when individuals make decisions not solely based on their own opinions but also by imitating the beliefs of the majority. In this sense, the Internet can be considered a good way to mold a major public opinion, since interactions among anonymous, random people have become possible with the advent of the Internet […]
« go back