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 If we observe carefully, network effect can be seen in many scenes in our real life. However, network effect is not really a “thing” that we can give a formal and concrete definition. In this article, the author strategically analyzes the power of network effect in real life market by giving definition, making categories […]
Twitter and Politics – A Look at the Growing Use of Social Media to Govern
https://www.besttechie.com/twitter-and-politics-a-look-at-the-growing-use-of-social-media-to-govern/ The article above talks about the impact of social media and the way it has the ability to influence/spread ideas. In particular, the article talks about 9 ways that Twitter is influencing politics. One example is the ability for political figures to have direct communication with supporters and/or opponents. This relates to our discussion […]
Cascading Behavior & Diffusion in Networks- TikTok
I’d like to discuss the role of information cascades in trending posts or hashtags in social media, but more specifically on TikTok. TikTok is a social media platform for creating and sharing short videos, similar to the former app known as Vine. I chose this platform because I have noticed a recent cascade of people […]
Psychology Behind Direct Benefit Effects and Information Cascades
Recently in lecture, I have found information cascades and direct-benefit effects to be the most interesting subject. In particular, I have been interested in the psychology of them, because I doubt that in many of the scenarios discussed in class (like the marble scenario) people would actually find themselves calculating the exact chance of a […]
The 2010 Dow Flash Crash
https://www.thebalance.com/what-is-a-flash-crash-3306184 This articles’ focus is on flash crashes. It discusses what a flash crash is in the stock market and lists a bunch of the biggest flash crashes along with their causes and effects. Basically, the biggest investors in the stock market use computer algorithms to buy, sell, and trade stocks. These computers take […]
The Dynamics of Network Effects: The Most Successful Companies and Products
https://a16z.com/2018/12/13/network-effects-dynamics-in-practice/ This article’s main idea is that the reality of network effects is diverging from the theory. We expect to see winner-take-all markets as products and platforms are supposed to get better as they get bigger. But now there are all kinds of network effects companies that are splitting markets among multiple players. This establishes […]
Basketball Teams as Strategic Networks
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0047445 This article takes games from first round of the NBA playoffs in 2010 and turns them into a network of nodes and edges. In their experiment, players are the nodes and ball movements between them create the edges of the network. This is a study that was used in my Leadership and Management […]
Power Law in Popular Media
https://medium.com/@michaeltauberg/power-law-in-popular-media-7d7efef3fb7c This article by Michael Tauberg analyzes the role of the power law in various forms of popular media, ranging from books and newspapers to video games and movies. Tauberg scoured the internet for media data, and graphed each media category’s top successes. Nearly every single time, the graph that emerged was the same […]
Rich Get Richer Phenomenon In Bitcoin Market
Rich Get Richer Phenomenon In Bitcoin Market https://www.technologyreview.com/s/518541/rich-get-richer-effect-observed-in-bitcoin-digital-currency-network/ Bitcoin is a digital currency without a bank or administrator. Transactions of Bitcoin are verified by cryptography and recorded in a blockchain, a public distributed ledger. Bitcoin is created in 2008 by Satoshi Nakamoto. In 2009, its source code was released as open-source software. Since 2011, the […]
information cascade and financial crisis
http://www.starcitygames.com/magic/fundamentals/12201_Information_Cascades_in_Magic.html In the early 20th century, American naturalist William Beebe saw a strange phenomenon in the forests of South America: a large group of army ants was walking around a circle of about 1200 feet. It takes about two hours for each ant to walk around. The ants walked around the circle for two days, […]
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