Braess’ Paradox in Social Networks
Earlier on in this course, we learned about Braess’ Paradox, the idea that adding extra roads to a transportation network can actually increase the equilibrium travel time that it will take participants to reach their destination. Similarly, sometimes removing extra roads from a network can decrease the equilibrium travel time for participants. This phenomenon has […]
Paddington 2 – The Greatest Film of All Time, or an Information Cascade?
When Paddington 2 was released in January of 2018, many did not know it would cement itself as a pivotal film in cinematic history. However, this sequel, involving the fictional, titular bear who originated from a series of children’s books, would stand alongside Citizen Kane in being revered as one of the greatest films of […]
Facebook vs Twitter and the Climate Cascade
https://www.bbc.com/news/59147659 In the herding experiment shown to us in class, when at most the two out of the three first individuals in an experiment make an observation and voice their decisions, all subsequent members partaking will express the same opinion as the ⅔ majority. This is known as an information cascade where public signals override […]
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