Why people in China don’t need to carry wallet anymore – cascading behavior caused by development of fintech
Wechat pay and Alipay, products under Tencent and Alibaba, are now trending in China for their convenience in online transactions. Since their launch, more and more people have started to rely on this new technology instead of the old traditional way of carrying a purse and wallet anywhere they go. To explain why people are […]
Will Societal Behavior Soon Be Controlled by Robots?
Will Societal Behavior Soon Be Controlled by Robots? New research has shown that robots can encourage humans to take greater risks in a simulated gambling scenario than they would if there was nothing to influence their behaviors. A study performed by the University of Southampton has explored the effect robots have on risk-taking and, most […]
Fifteen Seconds of Fame: How Diffusion and Cascades Enabled by TikTok Makes Viral Hit Songs
While 2020 has been a lot of things, we cannot ignore that it was a year of impressive technological advancement and expansion. As widespread as the pandemic is currently, another contagion is happening right under our noses. Its propensity to churn out viral creators, challenges, and trends has made the app almost impossible to ignore, […]
Why TikTok can cause cascading behavior
The link of the source: https://www.nytimes.com/2019/03/10/style/what-is-tik-tok.html, Why TikTok Is Rewriting the World, New York Times Why TikTok can cause cascading behavior TikTok is an app for making and sharing short music videos, originated from Beijing, China. Since its launch, its users has grown tremendously and quickly caused users’ cascading behavior on the internet. In […]
The Pharmaceutical Industry: Is it a market for lemons?
Healthcare and pharmaceuticals is a multi-trillion industry sector with annual increases in market size in the billions. Naturally, one would think that this is a highly regulated field as it pertains to the lives and wellbeing of people. However, in an analysis paper of current practice in the pharmaceutical field, it is determined to be […]
Fake Customer Reviews on Online Markets
As a “senior” buyer on all kinds of online marketplaces like Taobao, I was shocked by the data disclosed in an article How Fake Customer Reviews Do — and Don’t — Work. The article reveals that 4.5 million sellers in the thriving e-commerce sourced fake reviews in the past year. The dishonest strategy worsens the […]