Payoffs in Strategy: Kin Selection, the other option.
Inspired by : http://news.psu.edu/story/386957/2016/01/11/research/conflict-among-honey-bee-genes-supports-theory-altruism Kin selection is when one organism, abets the reproductive success of its relative, at the cost of its own survival and reproduction. This altruistic behavior allows an individual to decrease its fitness, at the cost of increasing the fitness of its relative. Why would an organism do this? It’s the benefits that […]
The Network Effect on Wealth Creation
https://www.networkworld.com/article/3128366/lan-wan/the-network-effect-on-wealth-creation.html This article outlines how there are physical, virtual and social models that govern business models and global economies. The main point being made is that those who can understand networks and their effects the best will have the most successful business. Two main network laws are mentioned. The first is Metcalfe’s Law. Metcalfe’s law […]
How Big Data Can Cause a Dilemma – Analysis in Terms of Game Theory
Source: https://www.calcalistech.com/ctech/articles/0,7340,L-3725995,00.html The article starts with the dilemma that algorithms face: Should the autonomous vehicle sacrifice yourself, saving the living of others, or vice versa? Should Facebook employees or its ad-targeting tools be blamed when anti-semitism ads appears to narrow-minded users? Humanity must decide if they want to set boundaries for the technology. We already […]
Information Cascades on Social Media
With social media becoming one of humanities prime means of communication and sources of information, it has become easier to accidentally create an information cascade than ever before. An information cascade in the example of social media can be defined as the spread of information across a platform (or multiple) in which a piece of […]
How Organizations like the CDC and WHO Control Epidemics
https://www.livescience.com/16003-cdc-plan-real-life-contagion.html When discussing epidemics and how quickly they can spread (which is actually quite scary), we determined that this rate is based upon p, the probability that an individual will be infected, and k, the number of people with links to a person infected. This made me think, what are the current protocols in place […]
Stability for Stabilities Sake
Prediction markets can often defy common logic. Their basis for these markets are simple. Recent use in presidential elections provides a good example. These markets work like mini-stock markets with shares that one can buy and sell. If the event comes true, then each share pays out $1. The share price starts at $0.50 and […]
Information Cascades Helping out Hackers
http://www.huffingtonpost.co.uk/entry/the-psychology-of-cyber-security-how-hackers-exploit-human-bias_uk_5a159c0ce4b0815d3ce65bbd This article explores the psychology behind internet hackers. It brings up the fact that we as humans are incredibly irrational, even though we like to believe we are not. When we are handling technology we click things we shouldn’t click and open up attachments we shouldn’t open. Everyone likes to think that they […]
Tragedy of the Commons and Sustainable Thought: A Network Perspective
Given a shared, non-renewable common access resource and a self-interested population, it is commonly found that despite everyone in the population knowing about the concept of “tragedy of the commons”, it is in everyone’s “game-theoretic” best interests to continue using from the resource to the point of depletion. Simply put, every actor views his possible […]
Information Cascade creating a cultural reckoning
https://www.ft.com/content/6973e6d6-d047-11e7-9dbb-291a884dd8c6 In this article Gillian Tett gives some reasoning to explain the recent increase of sexual harassment allegations. In this reasoning she claims that technology and information cascades are responsible for this uptick in allegations and cultural progression for women. Previously women who had been sexually assaulted had to follow a long bureaucratic process that often […]
Information Cascades
http://abcnews.go.com/Primetime/Health/story?id=1495038 This article is about how people follow the crowds because in human nature, we are conformists. Different TV channels tried to test different scenarios to see how people fall into these cascades. One channel assigned 10 people a test. One person had the answers written in her palm and 8 of the people […]
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