Cryptocurrency & Network Effects
https://www.aier.org/blog/how-important-are-bitcoin%E2%80%99s-network-effects This article analyzes the rise of cryptocurrency and the competition between different digital currencies to rise to the top. There is predominant mental model that assumes that there will be a singular dominant cryptocurrency. The reason behind this can be contributed to network effects – the phenomenon where a good gains value as the […]
Cascades Sparked by Hashtag Activism
https://www.huffingtonpost.com/sabina-khanibarra/the-case-for-social-media_b_6149974.html This article discusses how hashtags have become an important tool in movements for social and political change. The author talks about how in instances of injustice around the world, hashtags can be used to spread information about events instantly, information that may not have made it to a newspaper. But with social media platforms […]
The Problem With Online Ratings
https://sloanreview.mit.edu/article/the-problem-with-online-ratings-2/ In an information cascade, you have to make a decision (buy a product, eat at a restaurant, etc.), and you can observe the choices of other people who made the same decision in order to influence your own choice. When we first learned about information cascades, I noticed that it was a topic that […]
The shelf life of an internet trend: Pokémon
In this day and age, the shelf life of any fun trend can last all of two weeks. One of the most important fads of the year 2016 was Pokémon Go, the augmented-reality game that sent the classic Japanese franchise into a new age, took the world by storm. But just a few weeks after […]
Information Cascades in Sexual Misconduct Allegations
https://www.ft.com/content/6973e6d6-d047-11e7-9dbb-291a884dd8c6 This article discusses the recent chain of sexual assault accusations that have been occurring in the media, mainly with famous people such as Harvey Weinstein. It mentions how more and more accusations will surely emerge in the coming weeks or months, but originally it was only names in entertainment and political arenas. Robert […]
NY Times: Project Cascade
https://www.fastcompany.com/1749756/infographic-day-cascade-new-york-timess-tool-tracking-how-news-spreads-video The New York Times Research & Development Lab has created a 3D visualization tool that displays the history of a single social-media event. Project Cascade takes an isolated event, like a tweet, and tracks its entire chain of reactions leading to this point, showing how users interact with the story and each other. The […]
The Rise of Dynamic and Personalized Pricing
Prices online can change when there’s a sale or even at different times during one day. The article states that dynamic pricing is when the cost of goods or services increases or decreases based on changes in supply and demand. For example, you might find a plane ticket at a certain price and then check […]
The Bill Cosby Trial and Information Cascades
http://abcnews.go.com/Entertainment/bill-cosby-trial-complete-timeline-happened-2004/story?id=47799458 This article gives a detailed outline of the major events throughout the Bill Cosby trial starting from 2004 to 2017. During this time several serious developments arose, but the ones that really caught my eye were the cases of women who revealed the most intimate parts of their lives. Many women who came forward […]
The Information Cascade of Sexual Misconduct Allegations
As soon as the media reveals one allegation of sexual misconduct against a celebrity or other public figure, many others will shortly follow. These subsequent allegations demonstrate a real-life application of information cascades. I noticed this cascade shortly after Harvey Weinstein was accused of sexual harassment because the names of other celebrities such as Ben […]
How Snapchat Became Popular
https://www.clickz.com/12-valuable-marketing-lessons-from-snapchats-success/97578/ This article talks about the 12 valuable marketing lessons from snapchat’s success. Snapchat was created by three stanford students. They were inspired by the idea that one of the founder wanted to delete his message sent to his girlfriend. Later, they created this app intending to provide creative ways of communication on social […]
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