Personal Decision Making Increases Commitment to Outcomes
In class we learned about information cascades, also known as the herding phenomenon, which involves a person making the same decision as that of the majority of the population regardless of any private information that is received. This occurs because by seeing what the majority has decided on, the person infers that the choices of […]
A ‘Theme Stock’ phenomenon in Korea’s stock market
2012 is an election year in South Korea, and as usual ‘theme stocks’ that are believed to have connections with a certain presidential candidate, have gone up outrageously. There are a lot of stocks that people consider as potential ‘theme stock’ and once someone starts to provide even a little evidence of the connection between a certain company and a […]
What if Facebook Has a Search Engine
Source: http://www.technologyreview.com/news/429427/why-facebooks-search-engine-wont-be-anything-like-googles/ Mark Zuckerberg mentioned in an interview that he wants to build a search engine. The journalist puts Google in the headline purposely. This article above provides some arguments about how Facebook can build a successful search engine. The author says it is really hard for Facebook to duplicate Google directly. It may take […]
Craigslist Network Effects
http://techcrunch.com/2012/07/29/iterations-craigslists-network-effects-and-the-great-platform-challenge/ While Craigslist has been around for over a decade, the classified advertisements website has remained mostly unchanged. By today’s standards, its layout and interface are primitive, yet according to Shah’s article, it is still used by people in over 700 cities and has over $100 million in annual revenue. Many start-up companies have […]
Social Networking and the Election
http://www.businessweek.com/articles/2012-11-06/how-the-election-looks-on-the-internet http://news.cnet.com/8301-1023_3-57546101-93/an-election-day-instagram-is-worth-a-thousand-tweets/ Social networking sites such as Facebook, Twitter, and Instagram have become more prominent in campaigning for elections this past year. People use them more than ever to voice their opinions on candidates and how they will vote. The articles above show how more and more people have been urging their friends to […]
Cascades in the Indian education system.
As studied in class, information cascades occur when people are influenced by the decisions of their friends/neighbors/acquaintances in their social network. Such a scenario is fairly common in the technology sector; that is people’s choices are directly affected by their friends’ choices and they are more likely to invest in a product that their technologically […]
How success is brewed in today’s electronics market
Apple has become a tech giant over the past decade thanks to their successful marketing and high quality products. The iPod became the player of choice for millions of consumers worldwide, the iPhone is one of the most popular smartphones on the market today, and now the iPad tablets are touting the same success. Apple […]
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