Information Cascades in Flickr
Information Cascades (Chapter 16) occur when people observe the actions of others and then make the same choice as others have made independent of their own information signals. This occurs mainly due to two reasons: the fact other peoples’ behavior can convey information about what they know and observing this behavior can be rational sometimes. […]
Blackberry and Its Decline
http://dealbook.nytimes.com/2013/11/04/blackberry-abandons-effort-to-sell-itself-c-e-o-to-step-down/ A Takeover Bid for BlackBerry Collapses, and Its Chief Executive Vacates His Post One of the formerly biggest players in the mobile phone industry, BlackBerry is currently in dire straits. Indeed, right now it has very little competitive advantage in both the mobile industry, in which Android and iPhone are dominant, and the […]
The Network Effect
In the article, The Network Effect, Julie Driscoll talks about what the network effect is and how it can be utilized by technology companies to maximize investments. Driscoll defines the network effect as being the “impact that one user of a good or service has on the value of that product to other people.” The […]
Polarization in Politics and Bayesian Memory Modeling
Bayesian analysis is a constant conscious and unconscious procedure in our lives, and the interpretation of mixed signals is a challenge. In class we were faced with the problem of how to interpret the moves of a participant whose information we could not see. At a single step this was complex; in aggregate it becomes […]