PageRank, InLink Rank, and Search Engine Optimization
https://www.link-assistant.com/news/google-page-rank-2019.html In 2000 Google introduced PageRank, a simple algorithm to determine the “importance” of a website. We discussed a simplified version of Google’s PageRank algorithm in class. Although the algorithm was never disclosed, people figured out an approximation of the algorithm: each site casts many “votes” to the other sites it links to, the summation […]
Changes in Bargaining Power in the Labor Market
https://www.frbsf.org/economic-research/publications/economic-letter/2019/september/are-workers-losing-to-robots/ Throughout history, workers have bargained with employers for their wages. Each side has an incentive to keep more for themselves, so bargaining power is key. This article examines the labor share in the U.S. business sector. Typically, the labor share is the ratio of wages to worker productivity. So, the labor share should be […]
Marriage Advice via Game Theory
https://www.thedailybeast.com/marriage-and-the-art-of-game-theory?ref=scroll We live in a world defined by choice and circumstance. One of the most powerful theories discussed in class can be applicable from the most mundane and the most complicated situations we face: game theory. Game theory is defined as the analysis of strategies for responding to competitive situations where the outcome of a […]
A new perspective on network clustering
https://cs.stanford.edu/people/jure/pubs/motifs-wsdm19.pdf This is a paper co-authored by our instructor Prof. Austin Benson on a new method to cluster edges in a network. On the high level, current edge clustering methods has no measurement for clusters attribute to the head node. While on the other hand, the head node analysis is common in network analysis. Hence, […]
Does Wisdom of the Crowd Always Prevail?
In 2017, the University of Pennsylvania’s Damon Centola published findings on the affect different network structures can have on the “wisdom of the crowd.” Centola’s experiments display that the idea of “groupthink” happening when people converse is not always entirely accurate. Participants of the study were given, “estimation challenges, such as guessing the number of […]
Bargaining and Power in NBA Contract Extensions
https://www.forbes.com/sites/curtisrush/2019/10/19/pascal-siakam-agrees-to-four-year-130-million-extension-with-toronto-raptors/#e562c2365944 Over a week ago, Toronto Raptors star forward Pascal Siakam agreed to a four year, $130 million max contract extension. The Raptors had until October 21st to offer this extension, otherwise Siakam would have became a (restricted) free agent this summer, meaning that other teams could offer him a contract, but Toronto could match […]
Brexit’s “Super Saturday” from a Bargaining Perspective
https://www.cnn.com/2019/10/19/uk/brexit-super-saturday-explainer-gbr-intl/index.html Almost 3 years ago, the British people decided by a narrow margin to invoke Article 50 and leave the European Union. Ever since, Brexit has become a never-ending source of negotiations with the EU, debates in Parliament, and even reelections. This whole interaction has been one very complicated bargaining exercise, one that in its […]
Jesus is the most influential person.
https://blog.majestic.com/case-studies/pagerank-trustflow-search-universe/ We’ve learned about page rank a couple weeks ago during the lecture. Page rank is one kind of algorithms that can help to determine the relevance or importance of a site. It was first developed by Google’s co-founder Larry Page and Sergey Brin. Although the feature has removed from the google page, it […]
Bitcoins: Information Cascades and Herding
December 15th, 2017, Bitcoin reached its all time high at $19,650. The price of one bitcoin was $7,777 a month before the peak and $1793 half a year before. Bitcoin as an asset, along with other cryptocurrencies generated waves of media and public attention. As shown in the graph above, the price movement of Bitcoin […]
Is Charity Rational?
https://www.coloradopolitics.com/quick-hits/license-plate-auction-raises-thousands-for-colorado-disability-fund/article_d7b3ac84-ee91-11e9-8acd-0fa6e8d0081d.html Earlier this month, the Colorado state government held an auction of specialty license plate configurations to support the state’s Disability Funding Committee. The proceeds of the auction went towards the development of innovative programs that benefit the community of disabled persons in Colorado. Over $23,000 was raised during the event, which took the form […]
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