Fireflies and Other Networked Synchronization
https://www.edge.org/conversation/steven_strogatz-who-cares-about-fireflies Cornell recently posted to their Facebook page a video depicting professor Steven Strogatz describing surprisingly intelligent behavior of fireflies in the wild. As described further in the article, fireflies found in nature can be observed forming large groups which flash their light-emitting abdomens in perfect synchrony with each other. This observation is quite unexpected […]
Game Theory in Dating
https://putanumonit.com/tag/stag-hunt/ Dating at its core, is simple game theory because, fundamentally, dating is no more than human nature and interactions, upon which the entire field of game theory is based and built. Dating has always been a complicated endeavor; however, as society moves away from dating in the traditional sense, and embraces services like match.com […]
Game Theory Behind Macy’s Black Friday Debut
Black Friday has long since been recognized as the best day of the year to get great bargains in stores. Shoppers will come out in droves and battle their way through crowds to save money when crossing out items on their Christmas shopping list. In the past stores would open very early in the morning and […]
Analogue of “Strength of Weak Ties” in Reliability Engineering
https://en.wikipedia.org/wiki/Reliability_block_diagram Reliability Block Diagrams (RBD) reveal how the success or failure of a system relates to its components and interconnections. In their basic form, these represent the conjunctive and disjunctive relationships of system components in respect to the success of the whole system. For example, these systems could be a municipal power grid, network of switches and […]
Game Theory and Pokemon Go
The Niantic produced game Pokemon Go, the new craze in the augmented reality world, is one of the fastest growing phone apps, reaching 50 million downloads worldwide in only a little over two weeks. Not long after its release, online forums and threads were overwhelmed with complaints about server issues caused by the max capacity […]
Network Analysis In Biology
In this article, biologists use visual networks to help interpret the processes and interactions that go on inside a cell. The organisms in question is baker’s yeast, and the scientists are studying how the chromosome of the cell performs general “cell maintenance” and growth. By using a network analysis and visualization, the normally complex and […]
Networks and the Establishment of a More Efficient Market: Goodbye, Ivory Tower. Hello, Silicon Valley Candy Store
Link: http://www.nytimes.com/2016/09/04/technology/goodbye-ivory-tower-hello-silicon-valley-candy-store.html?_r=0 Tech companies like Amazon, Facebook, Google, Airbnb, and Uber own gigantic online networks. The complex network system not only connects people, but also helps to create a more efficient market. For economists who focus on the design of efficient markets, Silicon Valley is definitely a candy store. Take Airbnb as an example, it […]
Social Networks can influence Corporate Finance Policy
Social connections have a profound impact on policy making in financial corporations providing channels for communication and influence. Using biographical, current and past employment, activities and education information, social ties between executives and directors of U.S. public companies of the S&P 1500 index were defined in four networks. These four networks were the Current Employment […]
Politics and a New Social Networking Site: ROUST
Scholars have been trying to evaluate the relationship between social networking sites and the spread of political movements for a while; since each day, social media usage keeps on increasing. For instance, Twitter has emerged into a social platform where people with different political beliefs share their opinions, while having a glimpse into the opinions […]
Complex connections amongst Ants
Ants have always been a nuisance, whether it be a lone ant attacking a portion of your food or a train of ants going about their business nearby. In either case, ants have shown to have incredible sense of networking amongst themselves. Ant colonies are extremely successful in taking advantage of their surroundings and resources, […]
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