Characterizing NBA Free Agency Market from an Asymmetric Information Perspective: Minimum Level Exception for Undrafted Free Agents
While the principles of markets for lemons and asymmetric information may not be popularly associated with sports free agency markets, there does exist a state of interaction that can be applied to determining appropriate compensation and contractual values of NBA players. We can apply some basic assumptions of markets for lemons and asymmetric information to […]
Diffusion for iPhones in India
Link: https://readwrite.com/2020/09/15/why-apples-iphone-struggles-in-india-and-why-it-matters/ This article, written by Misan Etchie, discusses the reasons as to why the iPhone is not all that successful in India, and the impacts this situation has on Apple. The article focuses on key factors that have been causing the iPhone to not be popular in India, such as pricing issues and […]
Diffusion, Populations, and Clusters: “CS:GO” to “Valorant”
References: 1) https://estnn.com/should-csgo-watch-out-for-competition-with-valorant/ 2) https://www.sportskeeda.com/esports/cs-go-vs-valorant-which-fps-title-will-fit-your-playstyle-best 3) https://www.thegamer.com/valorant-counter-strike-gaming/ 4) https://www.pinnacle.com/en/esports-hub/betting-articles/valorant/valorant-vs-csgo-pro-perspective/wlr2wkkrczpxakbg Since August 21, 2012 CS:GO or more commonly known as “Counter Strike Global Offensive” has been at the top of FPS games. For nearly 8 years, CS:GO has maintained a player count of 1.4 million players playing every single day. Not to mention, CS:GO is […]
ALS Ice Bucket Challenge: Using Diffusion to explain why it was so viral
In the Summer of 2014, a fresh, engaging, and irresistible trend took over the internet: the ALS Ice Bucket Challenge. The challenge was to donate money and douse yourself with freezing cold water in the name of research for the disease ALS. Contestants videotaped themselves getting soaked and then passed it on to their friends, […]
Stay Home or Return to Campus? College Students’ 2020 Dilemma & Diffusion
Over the summer this year, as fall semester was quickly approaching, returning college students were faced with the inevitable, weighty question: Should I stay at home or return to campus? David Rosowosky in “Should I Stay Or Should I Go: Colleges’ And College Students’ Next Dilemma” retrospectively analyzes these very concerns, pointing out that many […]
Diamonds and How They Became Popular
https://www.theatlantic.com/international/archive/2015/02/how-an-ad-campaign-invented-the-diamond-engagement-ring/385376/ In this article it explains the history of the diamond rings and how it came into popularity over other gemstones. It explains how the author was looking for a diamond ring for his wife because it was the social norm to give a diamond engagement rings and was investigating the cost and valuations of […]
Why Vero and Others Don’t Make It
The vast majority of people I know have three main social media apps: Instagram, Facebook, and Snapchat. Some also use Twitter, Reddit, and VSCO, but the majority of people I know have the first three. The article linked below, from TIME, talks about a new social media app called Vero. The app was released in […]
How Cornell University Contained the Spread of Covid-19
https://news.cornell.edu/stories/2020/11/data-testing-helped-cornell-curb-covid-19 As described by Melanie Lefkowitz in the Cornell Chronicle, Cornell University successfully contained the spread of Covid-19 on its campus. In this blog, I will provide background on Covid-19 and college campuses, summarize Cornell’s success containing the virus, and then add my own intuition as to why Cornell was able to succeed. I will […]
Jury Decision Making: Unanimity, Race, and Creating Better Juries
In a US federal court, a jury that votes 10-to-2 in favor of conviction in a criminal trial would be considered an undecided, or hung, jury. The case would be declared a mistrial and may be put aside to be tried again later. The same case, with the same jury and vote, tried at the […]
Apple Marketing and Diffusion of Innovation Theory
Apple has not only successfully attracted people to their products through the process of diffusion of innovation, but it has cemented the public’s willingness to confirm their choice and continue sticking by the company through cross diffusion. In other words, by bringing other companies into their fold, they have created a system by which if […]
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