Information Cascading, Herd Effect, and the Stock Market
The stock market is truly a phenomenon that people spend years trying to study; prices change everyday and the underlying factors are plentiful and volatile. However, a huge indicator of how prices and the market itself moves, entails the actions of specific investors, and how they are influenced by those around them. There is a huge […]
Cross-Examining the Power of Network Effects
https://medium.com/evergreen-business-weekly/the-power-of-network-effects-why-they-make-such-valuable-companies-and-how-to-harness-them-5d3fbc3659f8 Jorgensen, in his Medium article The Power of Network Effects: Why they make such Valuable Companies, and how to Harness them, a part of the Evergreen Business Weekly educational series, defines and describes network effects and their lasting impact on the world economy, specifically examples in the business world. He first speeds through the types of network effects: direct, […]
Game Theory in Brexit
link: http://theconversation.com/will-theresa-mays-brexit-deal-survive-game-theory-has-an-answer-107532 This article applies simple prisoner’s dilemma in Theresa May’s Brexit deal. The two prisoners are the two Tory factions, the Remainers and Brexiteers. The article claims that if both fraction vote against the Brexit proposal, there might be some political cost, and it may lead to a leadership election. On the other hand, it […]
Twitter Bots are Effective Even In Few Numbers
https://www.nbcnews.com/tech/tech-news/relatively-few-twitter-bots-were-needed-spread-misinformation-overwhelm-fact-n939021 Research Study: https://www.nature.com/articles/s41467-018-06930-7#Sec7 A recent news article on NBC news mentioned a new research study on the activity on Twitter with links to low-credibility and fact-checking content for ten months between 2016 and 2017. The result of the study was that the majority of links were to low-credibility sources, 389,569 out of the 400,000 articles […]
The North Sentinel Island “Incident”: a clear example of network structural, spread of epidemics, and information distribution
In a recent unexpected series of events, the American missionary John Allen Chau was killed upon reaching the extremely isolated North Sentinel Island, which is home to one of the last uncontacted tribes in the world. Though his visit there was very brief, the implications of it are not – currently, Indian officials are faced […]
E. Coli Outbreaks and Information Diffusion
https://www.cdc.gov/ecoli/2018/o157h7-11-18/index.html In the past week, there have been widespread news reports urging everyone to avoid romaine lettuce at all costs. A recent E. Coli outbreak has left 43 people ill in 11 different states scattered around the country. I found this really interesting because although the outbreak has been found to center in Central California, […]
False Positives in Facial Recognition
Source: https://www.wired.com/story/facial-recognition-tech-creepy-works-or-not/ In an article written in May 2018, it states that the South Wales Police ran a facial recognition software against a sports game to seek out persons of interests since sports events are known for persons of interest to congregate. The program found 2470 potential matches, of which only 173 of those matches […]
Meningococcal disease spreading in Oregon State University
Meningococcal disease is caused by the bacteria called Neisseria meningitis. It is “a serious infection of the thin lining that surrounds the brain and spinal cord” (WHO). According to the World Health Organization, the fatality of this kind of disease is as high as 50% if the patient is not treated well in time. Also, […]
Brexit: Just Another Application of Game Theory
One of the largest issues occurring today in the world is Brexit. A portmanteau of the words ‘Britain’ and ‘exit’, Brexit refers to the act of the United Kingdom (UK) leaving the European Union (EU). It followed the referendum held in the summer of 2016 when the UK government allowed the general electorate to vote […]
Beating the Odds
https://www.pinnacle.com/en/betting-articles/educational/asymmetric-information-in-sports-betting/J3T2578E83PXH3XF This website is focused on gambling with this article in particular focusing on the value of an asymmetric market when placing a bet. This article pays attention to how knowing more than everyone else allows one to make a bet for instance in horse racing where the betting odd’s aren’t accurate to the horse’s […]
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