Misinformation During The Coronavirus
False information is very easily spread especially on topics with no widespread accepted facts. One such topic is COVID-19 and this spread of misinformation about COVID-19 can be explained by information cascade. In the article “When False Information Goes Viral, COVID-19 Patient Groups Fight Back”, the author starts with the fact that in the age […]
Information Cascades proven to have Real Life Consequences
The stock market world is one filled with uncertainty; what stock prices will go up tomorrow and which will go down? Should I buy more stock right now, or sell what I already own? There are numerous ways to analyze companies in order to pick the right stocks at the right time; some people even […]
Amazon Reviews and Information Cascades
Amazon has been one of the top platforms for people all over the world to search, review, and buy products that they’re interested in. With the website being easily accessible and having quick shipping times, Amazon fostering millions of ratings for people to read through for all their products should be of no surprise. As […]
Page Rank Through Linear Algebra
The concept of page rank and the algorithmic process where search engines rank pages have sparked my interest. Recently in other classes I am concurrently taking, we have taken a look at a concept similar to Page Rank from a different mathematical perspective. The article “Introduction to Markov Chains” by data scientist Joseph Rocca describes […]
Are Network Effects Still Relevant?
Source: https://hbr.org/2018/06/why-network-effects-matter-less-than-they-used-to From the material we’ve covered in class, network effects seem like the be-all-end-all of a product: if users are below the tipping point, the product is destined to fail, but if they are above the tipping point, success is imminent and inevitable. However, in her article “Why Network Effects Matter Less Than They […]
Here Comes the Social Media Influencers
Link: https://dspace.mit.edu/handle/1721.1/127010 The research paper “Study on social media marketing campaign strategy—TikTok and Instagram” written by Jessie Boxin Mou in 2020 analyzes the role of developing social media platforms such as TikTok and Instagram in changing the market dynamics. Using the research results, Mou provides companies with recommendations regarding how to develop their social media […]
Network Effects and The Growth of Discord
YouTube Video Source: https://youtu.be/NNJ2n6XKmmA Discord has quickly become one of the fastest growing and largest gaming communication platforms. In the linked video, CNBC Reports that Discord “launched in may 2015” but its usership “tripled in may 2018”. It is evident that Discord is experiencing network effects, as more people sign up to use the service, […]
Information Cascades, Writing Blog Posts, and What it Means to be Novel.
How do posters choose a topic for their blog posts? The structure and length of blog posts are loosely set by the professor and the teaching team. Instructions read: “at least two paragraphs”, to include “A link to an on-line resource”, “some commentary about the resource”, and “A discussion of how the resource connects to […]
Information Cascades among Product Reviews
Using apps such as yelp, we begin to construct our opinions of products or experiences before we even try them out for ourselves. After discussing information cascades in our lectures, I began to wonder how these reviews may be affected by ideas such as ‘following the herd.’ Many people use a product, and before writing […]
Information Cascades in Esport Drafts – “League of Legends”
References: 1) https://blogoflegends.com/2020/07/14/lcs-tsm-struggle-drafts 2) https://www.esportznetwork.com/tsm-crash-out-of-worlds-2020-with-a-winless-record 3) https://blogoflegends.com/2020/07/14/lcs-tsm-struggle-drafts Competitive gaming was an area that nobody ever believed could exist. Fast forward to today, not only does it, but it’s thriving in 2020. Popular video games like “League of Legends”, “Fortnite”, “Valorant”, and “Rainbow Six Siege” are dominating the market as investors and business owners all […]
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