The Relationship Between Carpool Policy and Traffic
Source Article An experiment conducted by economists from Harvard and MIT was carried out in Indonesia following an announcement that the High Occupancy Vehicle (HOV) policy in the city of Jakarta was ending. According to the city officials, the system was open to abuse through “professional passengers”, people that would ride in one’s car for […]
Braess’s Paradox in the Real World
Source: http://www.nytimes.com/1990/12/25/health/what-if-they-closed-42d-street-and-nobody-noticed.html?mcubz=1 This is an old article, but the Braess Paradox fascinates me, so I’m writing about it anyway. On Earth Day in 1990, New York City’s Transportation Commissioner decided to close 42nd Street. Everyone expected terrible traffic, but as it turns out, traffic improved. This is a direct, real-world example of Braess’s Paradox at […]
AI Involvement in Social Networks
Article Source: https://venturebeat.com/2017/09/15/the-unforeseen-consequences-of-an-ai-built-social-network/ Artificial intelligence, or AI, is a quickly growing field in the tech industry; in 2017 alone, investments in AI are predicted to increase by 300 percent. In social networks, AI helps with a multitude of things, such as filtering out spam content and answering customer questions in the form of “chatbots”. Social networks […]
How Facebook and Google use Auctions
Wired, a monthly Tech magazine published an online article in 2015 stating that Facebook didn’t reach its potential earning according to its chief economist John Hedgeman. Despite earning $4.04 billion in revenue in its second quarter through Advertising, Hedgeman states that the Advertising isn’t the cause of the tech giant’s success. Instead it is the […]
Will Trump Continue Working with Democrats?
The president’s first 7 months in office have been anything but normal, but his recent decisions in the past two weeks to work with Democratic leaders on reinstating the DACA “Dreamers” act and raising the the debt limit has put into question whether the oval office is making yet another unexpected policy shift. He has […]
The Stock Market and Auctions: Considering Tesla Stock
http://money.cnn.com/2017/05/18/investing/tesla-elon-musk-valuation-market-cap/index.html In a rudimentary viewpoint, the stock market is one example of a huge number of auctions occurring every instant, acting very much like a first price auction. A person can set a limit buy on a stock with his own “valuation,” and, provided that the auction goes through for that person, the person will […]
Collusion seems to be the stronger force in auctions
https://insight.kellogg.northwestern.edu/article/going_going_wrong https://en.wikipedia.org/wiki/Spectrum_auction The Federal Communications Commission in the United States conducts auctions to sell the rights to transmit signal over specific bands of the electromagnetic spectrum. Having auctions to assign scarce resources has great benefits; resources are allocated to people who seem to value it the most, it’s less controversial and raises a great sum […]
Thank God You People Don’t Have The Nuclear Codes
Several weeks ago, FiveThirtyEight published an article discussing the game theory behind the recent nuclear standoff between the USA and North Korea. In that article, they primarily discuss the reasoning for both nations to posture; it improves their position within the game and increases the odds that they ultimately win. While their positions may be […]
Teaching Machines To Talk
Link: https://plus.maths.org/content/os/latestnews/may-aug05/adios/index This article discusses a program called ADIOS – automatic distillation of structure – which uses patterns in graphs of sentence structure to effectively learn how to talk. The program has been shown to be effective in multiple languages, from English to Chinese. The graph above is used to show how the program works. […]
It’s not what you know, it’s who you know?
The concept of networking has always been emphasized regardless of the career field. In a world of people, the relationships that a person creates and maintains has significant influence on numerous aspects of their life, whether it is a person’s career or their wellbeing. Recently, with the rise of social media comes a rise in […]
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