Evolutionary Game Theory – Eusocial
We talked about evolutionary game theory in class about a week ago. Evolutionary game theory is essentially the application of the principles of game theory to evolving populations that make decisions that can ultimately decide whether individuals are able to survive and reproduce. At a higher level, those decisions decide whether species endure or become […]
Application of Power Laws to Biology
Allometry is the study of the “shapes” of organisms, the relative sizes of their organs, their relative metabolic rates, their lifespans, among other measurable quantities. When some of these two quantities are plotted against one another with log – log axes, a linear relationship emerges. One of these relationships is the relationship between body mass and metabolic […]
Freemium model and Network effects.
In the app market, there are 3 main ways of pricing an app. One can make their app free, paid, or free with optional in-app purchases (freemium). Analyzing these 3 models, it is no surprise that freemium works best for generating revenue. Importantly, many of the apps at the top of the app store are […]
Artificial Intelligence can Reduce Information Asymmetry
In Tshilidzi Marwala and Evan Hurwitz’s study regarding information asymmetry, they made an interesting discovery that artificial intelligence can be used to greatly reduce the amount of asymmetric information, thus enhancing efficiency in trades in the market while decreasing the volume of trades. Information asymmetry is a common phenomenon in a market due to the […]
The Power of Google Adwords
The power of advertisements becomes clear once again, with a study by UK watchdog Ofcom identifying that most young people were unable to tell the difference between ads and real websites. [1] Ofcom is an independent regulator and competition authority for the UK communications industries and it researches online behavior for the protection of British […]
Asymmetric Information on Kickstarter
Kickstarter, for those of us that do not know, is a crowd-funding website that relies on the donations of millions of users to fund a proposed project. It runs on the marketing idea of providing incentives for funding such projects in the form of perks that are offered to backers. In the article sourced below, we have […]
Disease Spread through Contagion
http://wmdjunction.com/110923_contagion.htm The movie Contagion very accurately depicts the way that diseases spread and how they can affect the population. Within the movie, one character becomes infected and we see that the virus spreads through multiple types of interactions. The way that the character travels by going across continents has a huge effect to the depth […]
A Cascade of Influences Shaping Violent Teens
Information cascade is an important concept in our life, it plays significant role in a broad range of branches and applications. Information cascades can be observed in a variety of areas, including financial crisis, marketing and politics, ect. People’s own decisions and behaviors could possibly be influenced by others’ decisions. Nonetheless, the cascades of information […]
In light of the terrorist attacks in Paris on November 13, social media was inundated with grief, as people from across the globe expressed their concern for France and its victims. However, social media was also responsible for misinformation, some of which could have ruined lives. The chain of misinformation is an example of the […]
How do networks shape the spread of disease and gossip?
http://medicalxpress.com/news/2015-07-networks-disease-gossip.html This article talks about a new way in which researchers are studying the spread of disease and gossip. The initial assumption was similar to what we examined in class, and the article explained that simple waves were used to understand spreading contagion. Instead of examining only the spatial spread through waves, researchers in London […]
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