Structural Balance in Alliances against ISIS
A recent problem in the world that has been causing much disturbance and turmoil is the Islamic State in Iraq and Syria (ISIS). This is a radical Islamic group whose aim and purpose is to create an Islamic state across Iraq and Syria and to have the nation ruled by Sharia law. They initially started […]
Potential Problems Behind Crowd Wisdom
In class, we discussed potential problems behind information cascades. When individuals follow the crowd, they sacrifice their own private information in favor of crowd wisdom. Usually, this is a smart move, because the collective knowledge tends to be more accurate than one’s own knowledge. However, crowd wisdom is not necessarily very accurate. For instance, in the […]
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