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Information Cascades and terrorism

http://phys.org/news/2015-07-countering-social-persuasion-extremist-groups.html Information Cascades, as described in lecture, are unique due to their ability to dictate the actions of sizeable populations of individuals following the influence of a small group or even a single person. These cascades develop from people ignoring the information that they originally posses to base their actions instead on the decisions that […]

Call of Clusters: Black Boxes III

Recently, the newest entry in the absurdly well selling Call of Duty franchise released–Call of Duty: Black Ops III. Although it didn’t break it’s own sales records again, it still did quite well, especially compared to it’s predecessor from last year, Advanced Warfare. What’s interesting about the sales numbers, however, is not how much money it […]

Network Effect and Censorship

In the past 10 years, the meteoric growth of social networks have enabled millions to connect to friends and family around the world through a single click of the mouse. These giant hubs of communication really help solidify the connections people make with each other as no longer will you forget who you met outside […]

Cascades with Consequences

The recession from 2007-2009 has caused a lot of companies to go bankrupt, and for people to lose their jobs. What made this recession to occur was the housing bubble that started a few years before that.In early 2006, housing prices reached an all-time high in the United States, and then started to decline throughout 2006 and […]

Network Effects in the Puerto Rican Debt Crisis

Puerto Rico is in the midst of a major debt crisis. Ever since the US government phased out a tax break for companies operating on the island in 2006, Puerto Rico has been in severe economic disarray, and conditions have only worsened since. This past August, its government defaulted for the first time on a […]

Performance-Enhancing Drugs and the Prisoner’s Dilemma

In a recent article, the use of performance-enhancing drugs was criticized in Russian athletes. The World Anti-Doping Agency (WADA) sought to reveal that Russia and many Russian professionals of assisting in and concealing the use of performance-enhancing drugs. One of the people interviewed in this article states, “Obviously, from an individual perspective, it’s about prize […]

Popularity of Online Multiplayer games due to network effects.

Unless you’ve been living under a rock for the past 5 years, then you’ve definitely heard of Candy crush, downloaded it or even received a request to join. Candy crush’s success can be attributed partly in part to network effects. King games(owner of candy crush saga) built for itself a multibillion dollar company by exploiting […]

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