Nintendo’s Network Effects
http://www.businessinsider.com/nintendos-wii-u-is-a-major-flop-2016-1 The above article is a breakdown of how the Nintendo Wii U has failed to properly sell in the way they were expecting. In fact, it’s been generally considered one of Nintendo’s biggest flops ever. Selling only 10 million units, it’s 1/10th of the sales of the Wii and half the sales of Nintendo’s […]
Education Gap: The Smart-Get-Smarter Model
http://www.nytimes.com/2015/09/23/business/economy/education-gap-between-rich-and-poor-is-growing-wider.html?_r=1®ister=google Mitigating the socio-economic gap between various communities has been a huge priority for education movements for decades now, but the problem still persists. Racial disparities are still a huge cause of unequal opportunity in this country, but in terms of education, the biggest factor seems to be class, according to Sean Reardon of […]
Information Cascade 2008 Financial Crisis
http://economistsview.typepad.com/economistsview/2008/10/informational-c.html This article talks about information cascades and their potential impact on the housing bubble and the 2008 financial crisis. First he explains in simple terms how an information cascade works. It explains how every person has their own private information but can also view what other people are doing as well and take that […]
Willing Ignorance By Means of Social Media
In our highly-connected digital world, it is incredibly simple for people to get information; however this information may or may not actually be accurate, and it is undeniable that whoever is sharing the information affects how one perceives it. We all have our respective circles made up of strong and weak ties, and with modern […]
The Interesting Network Dynamics in Fashion
http://www.mensjournal.com/style/shoes/how-axel-arigato-brought-swedish-style-to-sneakers-20150904 There’s an interesting new brand in the shoe market that is taking in sneakerheads’ attention in New York: Axel Arigato, a small Swedish company that started off as a joint hobby between CEO Albin Johannson and creative director Max Svardh recently celebrated its 2 year anniversary since its inception. The company has recently […]
The True Value of Network Effects
Resources: Harvard Business Review: https://hbr.org/2014/11/what-airbnb-uber-and-alibaba-have-in-common According to the Harvard Business Review, there are four types of business model that govern companies today: Asset Builders, companies that build, develop, and lend assets to make and distribute physical objects. Service Providers: Companies that hire employees with specific expertise that provide service to customers. Technology Creators: companies that develop […]
The “Tipping Point” of Global Climate Change
It was recorded in September that the amount of carbon dioxide that was in the atmosphere has reached 400 parts per million for the first time in over thousands of years. This specific level was deemed the “tipping point”. This means that scientists have decided that once the levels hit this mark, the global climate […]
Viral Marketing: The Mannequin Challenge
http://www.forbes.com/sites/anthonydimoro/2016/11/08/remember-the-harlem-shake-meet-the-mannequin-challenge/#76c6fa682345 This article discusses the latest trend since the Harlem Shake and the ALS Ice Bucket Challenge: the mannequin challenge. The mannequin challenge is basically when people film themselves and their friends holding one single pose, pretending to be mannequins. Typically, these poses are funny, such as when an athlete is posing like they just […]
We Are a Divided Nation
http://www.nbcnews.com/storyline/2016-election-day/analysis-rural-america-silent-majority-powered-trump-win-n681221 Using the concept of information cascades, one can hypothesize several reasons why so many pundits and polls predicted – incorrectly – that Hillary Clinton would become the first female president of the United States and why the silent majority only made their true voices heard in “the privacy of the curtain of the ballot […]
Apple’s Use of iMessage Network Effects to Keep iPhone Users From Switching to Android
Article: http://www.theverge.com/2016/10/10/13225514/apple-iphone-cant-switch-pixel-android-imessage-addiction This article is about how Apple uses iMessage to keep consumers from switching away from their platform and moving to Android. iMessage is a service Apple provides that allows users to exchange messages, and Apple only makes it available on iPhones. This article talks about how the author uses iMessage, and how it is the primary factor […]
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