The Strength of Network Effects
Network effects are certainly powerful and important in the success of an online business, but to what extent does its power determine success? The article by Business Insider claims while it is certainly valuable, it is blown out of proportion and not as deterministic as many claim it is. There are strong barriers based off […]
Why Certain Apps Surge in Popularity
These articles discuss how the popular social media app Snapchat has recently had a surge in popularity among teens as other social media apps are seeing a decline. While it makes sense that apps surge in demand over time and different trends grow and shrink, when looking at it from the perspective of Networks, it […]
Danger of Information Cascades
The infamous “Pizzagate” scandal erupted during the 2016 Presidential election, which resulted to be completely fabricated and yet had an impact on the election. So how does seemingly unfounded, fake news happen to spread so rapidly, to a large enough population to impact a national election? As it turns out, fake accounts and the internet […]
Information Cascades, Social Media, and Fake News
Link: https://thepavlovictoday.com/afterimage-review/analysis-senate-intelligence-hearing-on-fake-news-free-speech-and-russia/ This article discusses the role of social media and advertising in the context of fake news, particularly with respect to the 2016 election. The leaders of major social media sites, including Facebook and Twitter were confronted with respect to these topics. Democratic senators were upset that the companies allowed the Russian government to buy […]
Information Cascades in Popular Culture
This article discusses many aspects of popular culture, both historical and recent, and analyzes how they came to be considered popular culture. The author argues that in many cases, artists and musicians that are now well-known were catapulted into pop culture by a single entity considering them “good”. In the case of Manet, Monet, and […]
Evolutionary Stable Strategies, and the Burmese Python
The Burmese python is a successful invasive species. Since its import into America in the 20th century (most likely due to the exotic pets trade, a booming business in Miami), the snakes have depleted small mammal populations in the Everglades. Burmese pythons, despite being apex predators, usually exhibit passive behavior. For the time being, […]
Information Cascades act as a Business Consultant
One of the largest revolutionaries of industry in the early 2000s has been information technology, which has shown to greatly improve and spread throughout many different companies for its ability to automate systems, as is the case for American airlines, who implemented the SABRE Airlines Reservation System, and Ban of America, who developed their system […]
Ascending Bid Auctions and da Vinci’s Painting
Leonardo da Vinci’s ‘Salvator Mundi’ Sells for $450.3 M. at Christie’s in New York, Shattering Market Records Ascending bid auctions, or English auctions involve having multiple bidders on an item that is up for sale, with each bid increasing in value from the next bid. In the case of the Christie’s auction in New York, […]
Fake News
In class we have discussed the concept of information cascades and how people make decisions based on information received from other people. This concept can be applied to many areas of everyday life and is becoming much more relevant with the recent presidential election and the rise of so-called “fake news.” People today see so […]
Go Viral
In class, we have discussed the spread of information and popularity within a social network. Such topics include making decisions based off of the decisions of others that came before you due to information reasons such as believing that those decisions must have been based on some form of knowledge that you don’t have or […]
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