Information Cascades and the Marketing Tipping Points
The article suggests that information cascades could show the validity of the domino-effect or tipping point idea in marketing. The tipping point is an idea that “small action, such as nudging a domino, causes a large chain reaction.” The concept was developed by Malcolm Gladwell. He believes that the chain reaction can result in the […]
ESnet, The Shadow Internet
As discussed in lecture, the internet can be described as a network of nodes. Each node would be a computer or a set of computers, depending on how deep the graph is, and each edge would be a wire or a set of wires connecting the computers. And unlike other networks which include social, transport, […]
SEO: Looking Past the Page Rank to Increase Page Exposure through the Search Engine
The Internet has allowed access to a global network of information. Over its 25 years of existence, it has created an expansive network connecting millions of sites into a cohesive whole. In general the web can be viewed as a network with individual websites representing Nodes and hyper links representing the edges connecting them. This […]
Social Networks and Stable Matchings
The Stable Marriage Problem is a famous problem in Mathematics and Computer Science (certainly familiar to those who have taken Introduction to Algorithms at Cornell), and its concepts are applicable to various real world situations such as matching between candidates and companies for job searches, matching prospective students to Universities, and to some extent matching […]
Word Association Networks in the Human Brain
There has a lot of study of word association in the human brain. This is part of the larger question of looking into how concepts are stored in our brain. In particular, studies have shown that words in our brains have some sort of connections between conceptually similar words. The Human Brain Cloud project seeks to […]
Bargaining in Night Markets
In Asia, night markets are one of the most popular tourist attractions. From fridge magnets to fake Louis Vuitton bags, the night market sells goods at low prices. The sellers also allow you to bargain if you feel that the price is unreasonably high. When you walk into a night market, you go through dozens […]
Don’t Trust the Internet (really, don’t)
According to a study, the ratings given online, on websites such as Amazon, Reddit, and Ebay, are subject to information cascades, here described as “herd effects.” In other words, the initial rating of an object online (from items for purchase to articles), specifically positive ratings, lead others to rank that object similarly, causing a cascade […]
Cascades in Electronic Payment Systems
The release of Apple Pay alongside the iPhone 6 has brought with it a recent surge in interest in electronic payment apps. The concept is relatively simple: credit or debit card information is electronically stored (be it on the cloud or locally on a computer or smartphone) and accessed with a program to make quick […]
Information Cascades and Aumann’s Agreement Theorem
This blog post relates to the article titled “Arresting irrational information cascades” by Robert Wiblin. The article can be accessed and downloaded at the following link: http://www.overcomingbias.com/2012/10/arresting-irrational-information-cascades.html This article discusses a few of the theorems associated with information cascades. Specifically, the article states Aumann’s Agreement Theorem, which is a theorem that states that two people who […]
Fake News Stories as an Info Cascade
http://blogs.reuters.com/jackshafer/2014/10/29/our-appetite-for-fake-ebola-stories-and-other-bunk/ This article explains a phenomenon in journalism where sensational fake news stories spread among the public and create a panic. Recently, stories related to the Ebola outbreak have been most common. This article focuses specifically on the website National Report, which has published 7 articles about the Ebola outbreak in the past several weeks. […]
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