Rich Get Richer Effect in Space Travel
https://pubs.aeaweb.org/doi/pdf/10.1257/jep.32.2.173 The space industry is potentially one of the fastest growing fields in the next few decades, with the potential of drastically affecting the life of every human on Earth. However, the field is incredibly hard to predict since it was only a few decades ago that private spaceflight even came to exist, and there […]
Understanding Measles’ Rise Through Networks
In Measles Cases Continue to Rise Around the World, New York Times reporter Abdi Latif Dahir chronicles the article’s titular phenomenon. He reports recent measles outbreaks in the Democratic Republic of Congo, Ukraine, Brazil, the Philippines, and the United States, and gives the World Health Organization’s summary explanation of “a deep mistrust of vaccines, gaps […]
Market Competitiveness and Game Theory
In free and mixed market economies, companies are supposed to compete with each other in order to maintain and increase their control over a particular market. This competitive nature can be seen all over the world in a variety of different markets. One of the simplest examples is of the smartphone industry where market share […]
Samsung Widens Smartphone Market Share at Apple’s Expense
https://www.fool.com/investing/2019/12/01/samsung-widens-smartphone-share-at-apple-expense.aspx In this day and age, most people would not be able to live without their smartphones. However, when it comes to choosing which one to get, there are many options. According to James Brumley of The Motley Fool, during the third quarter of 2019, Samsung widened the gap in market share it had […]
The Laws of Nature
Source: https://www.nytimes.com/2017/05/26/business/dealbook/geoffrey-west-scale-the-universal-laws-of-growth-innovation-sustainability.html The driving force behind the derivation of models for complex systems has long been the desire to create reliable predictions. As progress in this regard is made, one can see a fascinating commonplace among the results: entirely different processes follow similar growth (or decay) models. Such is the topic of the NY Times […]
Hong Kong and prisoner’s dilemma
First of all, an article states that Hong Kong is currently trapped in its own prisoner’s dilemma. The link to the article is following: https://www.scmp.com/comment/letters/article/3039586/hong-kong-only-way-out-prisoners-dilemma-give-and-take. It argues that the pro-government and pro-democracy camps must go on a closed-door discussion on universal suffrage and national security legislation in order to bring back harmony. Currently, Hong Kong […]
India and Pakistan Foreign Policy Explained by Nash Equilibrium
http://www.businessworld.in/article/War-Games/14-11-2019-179005/ India and Pakistan have had a well documented, tumultuous relationship that has been marked by violence, threats of war, and the removal of bilateral ties. Since 1947, after Great Britain partitioned British India, conflicts between India and Pakistan have only got worse with the Kashmir conflict only adding more flame to the fire. In […]
The Pop Music “Bug”: How Social Networks Influence Music Popularity
In the article “Here’s How Pop Music Brainwashes You Into Liking Truly Terrible Songs”, we see how the opinion of a crowd determines the success of a song and how music taste spreads along social networks. This article references a study in which some people were given a list of songs ranked in popularity from […]
Herd Instinct and Diffusion in Finance
Herd Instinct and Diffusion in Finance https://www.investopedia.com/terms/h/herdinstinct.asp Often in finance, investors follow what other investors seem to be doing, instead of their own analysis. They tend to buy at the top of a market rally and jump off the ship in a market sell-off. This mentality is distinguished by a lack of individual decision-making or […]
The Dangers of Herd Mentality
Link: https://www.intradiem.com/frontline-blog/herd-mentality-customer-experience-strategy/ This article looks at the reasons why there exists a “herd mentality” in many social situations. This is the phenomenon when an individual or entity makes a decision to take an action that may or may not be supported by their own private information on the subject in question. The article refers to […]
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