## Coding, Cash, and Consistency

It’s a pretty romanticized story – a kid with a fondness for video games and technology develops an interest in computer science, going on to attend a prestigious university and become a software engineer. Perhaps he or she will come up with a groundbreaking innovation during the process and start a company of their own […]

## How To Harness The Power Of Network Effects

Network Effects is a concept which we covered in class and read about in Chapter 17 of the textbook. This concept is based around the idea that you benefit when you align your behavior with the behavior of others. According to this, the value of a product, company, or service increases with the amount of […]

## Bayes’ Theorem- Blog Post #3

https://www.abc.net.au/news/science/2018-09-19/bayes-theorem-probability-luck-explained/10243134 This article in ABC Science, “The Mathematical Formula You Use Every Day Without Realizing it: Bayes’ Theorem,” explores how we all use Bayes’ theorem in our everyday lives and we don’t even notice. The author starts out by explaining the concept of conditional probability, or probability “relying on prior knowledge.” The author first compares […]

## Individual Thresholds for Applause and Clapping Cascades

https://www.popsci.com/science/article/2013-06/math-how-applause-spreads-audience At work a few months ago, a few coworkers of mine started loudly applauding for something in the middle of our office floor. The excitement and vigor of their applause lit up the room and sparked a cascade of applause throughout the floor; within 30 seconds, at least 40 people were clapping, even though […]

## Information Cascades and the financial market

The article linked talks about how the European countries are trying to prevent an information cascade about bad debt in Southern European countries. They fear that if people begin to short the Italian debt that prices of Italian bonds will plummet as more and more people will follow their lead in shorting the bonds. This […]

## Behavioral Cascades in a Teenager’s Life

Resource: https://www.nytimes.com/2008/11/18/health/research/17teens.html “A Cascade of Influences Shaping Violent Teens” This article was published in “The New York Times” and written by Roni Carin Rabin. Rabin describes a long-term study funded by the National Institute of Drug Abuse and the National Institute of Mental Health that followed 750 children from pre-school to high school in order […]