Hubs and Authorities: The Algorithm behind Instagram’s Feed Order
Sources: https://www.searchenginewatch.com/2020/08/19/how-to-optimize-for-the-instagram-algorithm-in-2020/ https://techcrunch.com/2018/06/01/how-instagram-feed-works/ Ever since the Instagram team abandoned the chronological order of feeds and produced a special algorithm for presenting them to users, people have been speculating the secrets behind which posts appear on the top for them. In the summer of 2018, the Facebook-owned company revealed the algorithm to a group of reporters […]
Can Information Cascade Be Truthful Every-time?
Article Link: https://advances.sciencemag.org/content/6/29/eabb0266 In the article, “Why the Most Talented People Copy”, the writer Jami provides reasoning for why people copy, but more importantly, talented people. They took the idea of copying with decisions and expanded it fields in science, art, and technology. If one copies they learn how things work. They then go on […]
Fourth-Price Auctions? 😱
Prior to the immense influx of U.S. election-related coverage in the news, an article caught my eye in TechCrunch: “Google’s EU Android choice screen isn’t working say search rivals, calling for a joint process to devise a fair remedy.” The article delves into why Google’s rival search engines are crying foul regarding an auction system […]
Stigmergy (Swarm Behavior) and Information Cascades
Stigmergy, also known as a universal coordination mechanism, is when a larger group coordinates through the indirect actions of its individuals. Stigmergy relies on signals left in the environment by an entity that signals other individuals to follow the same course of action. There are no instructions and each individual is not aware of the […]
Understanding China’s Live Streaming Platform via Network Effects
Article: https://innovator.news/alibabas-network-effect-8d3d1f5d34a2 Taobao Live is a digital live streaming service integrated into the online e-commerce platform Taobao. It has been one of the hottest and cheapest ways for consumers in China to purchase goods online. Wholesalers, retailers and influencers(KOLs) all across China take advantage of this interactive live streaming platform to promote their products. One […]
OnePlus’ Price Increase Strategy: A Network Effects Perspective
https://www.linkedin.com/pulse/success-oneplus-penetration-pricing-parikshit-kamboj/ OnePlus, a Chinese smartphone manufacturer company founded in 2013, shocked the tech world when the company first launched its first smartphone, OnePlus One. With great specs provided inside the device that almost performed to the level of other mid to high-end smartphones at that time, one of the best punchlines about this product […]
A Cascade of Low-Fat, Fad Diets: “the Blind Leading the Blind”
“The danger [with information cascades] is that you end up with the blind leading the blind,” according to economists Sushil Bikhchandani, David Hirshleifer, and Ivo Welch. It’s easy to believe that when a large number of people pool their individual knowledge together to brainstorm about a particular problem they are more likely to produce a […]
What is a tipping point?
According to a Forbes article, 2020 will the last year where less than half the global population uses social media. Over the past decade, there has been a huge increase in the number of people using social media and even more so than that, there has been a huge change in how people use social […]
Apple and Facebook’s Reliance on Network Effects
Facebook is a prime example of a network effect on steroids. The article, “The power of the network: Facebook is turning into an Apple lookalike” highlights the notion that Facebook is turning into an Apple look alike. The company is profiting from network effects rather than from innovation or any kind of residual positive vibe […]
Letting Drive Thru Workers Decide What We Eat (Shocking!) – An Instance of Information Cascade
It seems that whenever I open up Youtube, there’s always a new trend taking the platform by storm, or a genre that everyone seems to conform their content to. These days, I’ve seen a lot of streaming videos–particularly ones involving Among Us-, documentaries, and creators’ morning/night routine vlogs. However, a trend that I can’t seem […]
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