Uber’s Network Effects and Marketing Strategies of Competitors
Uber has become one of the fastest growing startups in the world. Uber is an online transportation network company that manages the Uber application. The Uber application allows its users to request or share rides from Uber drivers. As of now, the application is currently in 66 countries and 507 cities. Uber is Uber is […]
Google’s algorithm helps study extinction
One of the first algorithms Google used, PageRank, has been found to be a helpful tool not only in the field of search engines, but also in studying food webs. Through applying PageRank, scientists are able to study which extinctions could possibly lead to ecosystem collapse. Like how web pages hold importance if important pages […]
Braess’ Paradox and Basketball
In class, we learned about Braess’ Paradox in terms of road networks. Braess’ Paradox explains how the addition of resources in a particular system of congested roads can, instead of easing the congestion, can increase overall journey time. Intriguingly, the attached article extends this idea to the arena of sports, arguing that losing the best […]
Elections or marbles in an urn?
With another round of elections coming to an end, it would be worthwhile to analyze the results and to explore the factors which led the people to choose their champion. While some of us may be quite disappointed, others may be ecstatic with the results. Nonetheless, for some reason it always fascinates everyone to analyze their decisions only after […]
Network Effect and Music Streaming
In class we talked about the network effect, a phenomenon where a service becomes more valuable when more people use it. I think network effects can be used to explain the success and failure of participants within the music-streaming industry, and specifically want to focus on Tidal. Music mogul Jay Z bought Tidal in 2015 with […]
Soccer and Bayes Theorem
Bayes’ Theorem, P(B|A) = P(A|B)*P(B)/P(A), provides a versatile means to assess the probability that a particular decision is the best one or of an event occurring given information that is observed. Bayes’ Rule gives the probability of an event B given that A is true. With the ubiquitous growth of data, Bayes’ Theorem has made headway […]
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