Why You (Used To) See So Many Spam Comments Everywhere
https://ahrefs.com/blog/google-pagerank/ Assigned a particularly obscure topic for a research paper, you’ve spent hours cursing at your monitor as you scour the internet for the slightest nudge in the right direction. Frustrated, you nearly turn in for the night before suddenly spotting what appears to be the greatest piece of underlined, blue text you’ve ever seen. […]
Planned Obsolescence and Network Effects: Apple Product Launches
Apple product consumers are likely very familiar with the company’s annual slew of presentations and events designed to garner attention for the arrival of new products. In 2021, there have been four events so far with three focusing on new physical products released this year or next, according to Juli Clover of MacRumors.1 This number […]
Information Cascade in Financial Market
Information cascade is a phenomenon that can be seen everywhere in our daily lives- from small things like raising your hand after the majority choice when you don’t know the answer, to big things like getting involved in investment because of the words of a few people with authority. The use of information cascades in […]
Bayes’s rule and Covid test accuracy
https://mashable.com/article/is-covid-test-accurate I recently read a news about the accuracy of COVID-19 test. Regardless of which method is used in the covid test, the accuracy would not be 100%, the false rate is even higher in the at home antigen test, which is faster, cheaper, but not that accurate. The false positive results, which may […]
Popularity, Network Effects, and the Suspicious rise of Among Us
Around August this year, a cute game about legged marshmallows looked like a bit of an imposter among the most popular games of the month. The game in question was Among Us, a videogame spin on the classic party game Mafia, where 4-16 players are charged with figuring out who the murderer is amongst them […]
Stopping Incorrect Information Cascades In the Real World
The spread of misinformation is something that has been occurring for hundreds of years. An example of this is in 1582 when the Spanish armada attempted to overthrow Queen Elizabeth I in England. Initially, the news that the Spanish armada defeated the English fleet spread all over Europe. After a few days, the opposite news […]
Political Influences on E-Commerce Giants’ Adaptations of the Long Tail Theory
In the class, we learned about the application of the Long Tail Theory especially in the E-Commerce industry. Upon solving the three key issues, firstly, the internet made long tail very important because without the limitation of shelf space, it allows E-Commerce companies to quickly gather a big customer base and diverse selling options. Secondly. […]
Marketplace Businesses and the Network Effect
Source: https://www.nirandfar.com/the-curse-of-the-network-effect/ Marketplace businesses are platforms that connect two or more parties, often buyers and sellers, in purchase activities. For instance, a restaurant booking platform and connects consumers to restaurants. For this kind of businesses, the more users using the platform, the more valuable the platform becomes—in the example above, consumers will be able to […]
Bayes Rule for COVID testing
Link: https://www.theguardian.com/world/2021/apr/18/obscure-maths-bayes-theorem-reliability-covid-lateral-flow-tests-probability Bayes Theory is a widely applied concept and is used in multiple areas such as mathematics, medicine, finance, marketing etc. It allows us to update our beliefs based on arrival of new, relevant information. The theorem was published in 1763. In the article above the author talks about the usage of Bayes’ theorem […]
Matching Markets in Real Life
Matching Markets, as discussed in lecture are everywhere. Google advertisements were an example that was touched on during class. The competitiveness of getting an advertisement on Google is a great representation of why the buyer and seller both care “about who they are matched with” (CBS News). The CBS News article linked below discusses […]
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