Hubs, Authorities, and Googling Your Symptoms
We’ve all been there – waking up to a sore throat, getting a random headache at 5pm, or feeling a strange ache in your big toe. For most of us, the first thing we do is hop on Google and search our symptoms. We know this is not what we’re supposed to do, but why […]
The Quest for the Perfect Auction – Milgrom and Wilson’s Nobel Prize Winning Work
https://www.nobelprize.org/uploads/2020/09/popular-economicsciencesprize2020.pdf Nowadays, auctions affect how we live and interact with others whether or not we notice it. Some people think of auctions in the classic sense of bidding for an item on eBay, but auctions can also affect other facets of our lives – such as how much we pay for electricity. This year, two […]
Networks Effects and the Failure of Quibi
Quibi was a video streaming service that initially launched in April 2020, after raising almost $2 billion in capital. They intended to differentiate themselves from competitors by producing short videos that could be watched on the go. Quibi was able to bring on two well-known executives in Jeffrey Katzenberg and Meg Whitman, however, they have […]
Bitcoin transactions and GSP auctions
Resource: https://www.sciencedirect.com/science/article/pii/S016792361930123X?casa_token=Nxk9ieyY-1IAAAAA:HK2m_D2mcV98O3JLVpdwzenLJp1tKmtr_oZzwUo7dC2PBj1qexyHNpeesoiuv61C8drOTYm5Dg Bitcoin and crypto currency in general is a new area in tech that is constantly evolving. The basic process of mining a crypto currency is directly analogous to online ad auctions. The miners are selling the slots and users are bidding with transaction fees. This paper explores the idea of applying the […]
Netflix Recommendations and Page Rank
Netflix is one of the most popular tv and movies streaming services and has one of the highest active users. Over the past decade, Netflix has curated its platform to constantly provide quality content, and more importantly tailored recommendations to each of their users. In fact, “80% of stream time is achieved through Netflix’s recommender […]
A Deeper Look Upon Network Effects as it Relates to Social Media
Network Effects — the phenomenon that we know to explain why “a product or service gains additional value as more people use it” — is an influencing factor in many facets of our lives. This phenomenon is all encompassing; it impacts everything from our technological devices, online user-ship, social lives, etc. This theory, however, can […]