Information Cascade and the US Presidential Election
Information cascades is an interesting phenomenon. Given a group of people, correct information or incorrect information can spread very quickly. Although the spread of correct information may not have that much adverse effects, what aftermaths would occur if incorrect information spread throughout society. How does this affect the real world? Although not always, the spread […]
The Social Contagion Effect On Suicides
Jason Fletcher, a professor of sociology, applied economics, and population health sciences at University of Wisconsin-Madison, goes into the phenomenon of suicide as a social contagion. He talks about how most of the media focus for suicide is on the individual, when he argues that social contagion and social processes have a strong influence on […]
MIX!!
http://www.ithacajournal.com/story/news/local/2016/08/01/mix-social-dining-joins-ithaca-restaurant-scene/87651938/ Most people don’t realize that every time they go to a restaurant, they are following an information cascade. This article describes the new restaurant in Ithaca called Mix. It talks about the chef/owners, the food that the restaurant prepares, and their desired atmosphere for the restaurant. The chef/owners have worked together before at the […]
Modelling the Kessler Syndrome as a cascade
The information cascade model that we examined in model made me think about a similar cascade that could occur in space, called the Kessler Syndrome, which results from satellite collisions. The idea is that as the region around Low Earth Orbit (LEO) becomes more crowded, satellite collisions become more and more likely. Each collision itself […]
Asymmetric Information and the Market for Lemons in Trump’s America
http://www.americanthinker.com/articles/2017/11/asymmetric_information_in_the_age_of_trump.html This article begins by providing some background information on information asymmetry (when one party has more knowledge than the other party) as well as the “Market for Lemons” theory. This theory states that if a buyer is unable to tell the difference between high-quality cars and “lemons,” both types of cars will sell at […]
Popular Reinforcement
Link: http://rap.sagepub.com/content/1/2/2053168014547667 In class we learned about how sometimes when buyers make assumptions about a market, they influence the market and cause those earlier assumptions to become true. This is known as a self-fulfilling prophecy. This phenomenon is visible in used car markets, macroeconomic events (public opinion of a resource being scarce causes a rush […]
Dark Net Structure is More Resilient to Cascade Failure
While most people are very familiar with the concept of the regular internet, or in other words the internet that is seen by users, not as many people are highly knowledgeable about the dark net. The dark net is a term used to describe the hidden aspects of the regular internet, so it is the […]
Cascading Effects of High to Low Power Network Members
Preface: This post will be written purely from the perspective of a social network analyst and will contain no political opinions. In social networks, power goes a long way with influence. This goes without saying: leaders emerge and influence those they lead. The modern phenomenon known as “fake news” is no exception. In it’s technical […]
Asymmetric Information in Food with Misleading Labeling
Article: https://geneticliteracyproject.org/2017/11/15/non-gmo-gluten-free-fake-transparency-food-labeling-offers-little-higher-prices/ This article discusses Asymmetric Information Distribution and effects it has in food labeling. The article begins by discussing how there are companies selling “‘premium’ water that’s not only free of GMOs and gluten but certified kosher and organic.” The article states how while some labeling helps consumers, other “fake transparency” labels make “misleading […]
The Master of Network Effects
This article talks about how Microsoft and Google utilized network effects to gain popularity among us. Microsoft did this really well because they were dominant in the PC market. Because they were able to attract software developers and consumers to use Windows, more people began to use the OS. This attracted third-party developers to build […]
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