Information Cascades and Sports
In Sports, before a season starts, people will often choose their favorite picks to win the championship that season. Not only will they choose their favorite teams, but they will also look at what the experts have to say. Experts set odds based on the current state of each team, how they performed the season […]
Why the Flu Doesn’t Wipe Out College Campuses
Flu season hits every year, without fail, which is why a flu shot is created every year to increase immunity to the disease that infects many people each year. However, college students have a tendency to not bother with the shot and this is a problem because even though students are young and tend to […]
Information Cascade model’s role in financial crisis
Financial crisis in 2008 that lasted for several years, some of the sectors still affected to nowadays, was a huge deal in the 21st century. This was the biggest crisis after the Great Depression in the 1930s and many individuals were greatly affected by the event. While the main cause for the crisis was from […]
Information Cascades in the Election
This past election year was one of the most memorable and insane elections in history, which saw Donald Trump elected to be President of the United States. However once the election was over, half of the country was infuriated and people began to evaluate how one candidate won over the other. One unique aspect of […]
The spread of the MERS-CoV Virus in South Korea
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0144778 During the early summer of 2015, the MERS-CoV epidemic plagued South Korea, becoming the biggest outbreak outside of the Middle East. According to the journal above, there were around 185 confirmed cases and 36 deaths; the consequences of a lack of proper control measures and cultural practices of visiting the sick were fatal. Given, the appearance […]
Information Cascades in Basketball and Sports Betting
With the recent start of the NBA season, it is easy to see how information cascades and gambling in any sport can be tied together. Especially with the NBA in the recent years, there is always one or two teams that dominate in popularity due to specific players being on the team, or just because […]
Information Cascades in Politics
Kevin Zollman, an associate professor at Carnegie Mellon University who studies game theory, gives a scientific reason on why republicans were flip-flopping on their endorsements towards Donald trump. He theorizes that the republicans’ decisions are based on the theory of information cascades. According to the article, after the release of the tape where Trump makes […]
Aliens and Bayes’ Rules
http://www.usatoday.com/story/opinion/2016/11/17/aliens-space-fermi-paradox-intelligent-life-glenn-reynolds-column/93976586/ Humans have always been fascinated with the idea of aliens. For centuries, we have asked and worked towards the question, “are we alone in the universe?” Looking at this question through a statistical lens leads us to believe that it is highly unlikely for humans to be the only life in the universe. Improving […]
The Misinformation Cascade
http://www.nytimes.com/2016/11/09/us/politics/debunk-fake-news-election-day.html?_r=0 As the country looks back on the 2016 presidential election, there has been a common consensus regarding the role that misinformation and fake news has played in swaying the opinions of the electorate. While initially thought of as a strong connecting force, social media has proved to be just as divisive. It has provided a voice […]
Doctors Without Technology?!
The Forbes article “5 Things Preventing Technology Adoption In Health Care” is, upon first glance, rather concerning, given that progress in the world of medicine relies heavily on technological advancements. The five titular reasons capture a spectrum of issues in introducing new technologies into the healthcare industry: arising technology miscalculates the area of need, is expensive, […]
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