The Impact of Network Effects is Changing
Network effects once were touted as one of the best models for businesses to consider as they were releasing new products and services. Taught as one of the key ideas in business and management classes, the idea seemed to pave a logical way to success: release a product at a lower price or even make […]
Network Effects on E-Bikes
https://www.nytimes.com/2021/11/08/business/e-bikes-urban-transit.html The article that I read is about an increased popularity of E-bike use. E-bike use has picked up significantly since the pandemic boosting sales byt 145% from 2019 to 2020. This uptake in sales has likely been caused by the shrinking of lithium batteries (ones used to power electric cars), so that they ar4e […]
The NFL Draft and Information Cascades
Every year in the NFL Draft, a heralded college prospect is projected by almost every source to be a very high pick. Instead, they end up falling, with each new team opting to select another player. Sometimes these huge draft slides can be looked back at in hindsight as a blessing in disguise, as the […]
Information Cascades in Online Movie Ratings
As a movie lover, I usually check out the ratings for the movie that I am about to watch so that I could have a general sense. If the ratings are high, then my expectation becomes high as well. To obey the reciprocal principle, I would leave my rating and comment for each movie so […]
Bayes’ Theorem and COVID-19 Testing
Taking a look within the global pandemic that we have all been fighting against for the last two years, there’s been a lot of data that’s been computed and analyzed to help create a safe environment for us all. Bayesian probability and statistics has a very useful concept in regards of COVID-19 testing. In the […]
Propaganda in the Information Age and Fraudulent Discourse
https://journals.sagepub.com/doi/full/10.1177/2046147X19870844 For more than a century, if not longer, propaganda and the ability to quickly gather the masses of a sovereign state under one unified mindset have been center-stage in the theater of war and international conflict. Governments rely on the support of their people as the backbone of their diplomatic requests and demands, and […]
Amazon’s Ad Slots Are Becoming More Expensive
When searching for toothpaste on Amazon, the top products that show up are all advertised products from large companies with the “sponsored” label, such as Colgate and Crest. Consumers have to swipe two full pages on the Amazon mobile app to see unpaid products. Other than the search term, the number of sponsored products also […]
The Influence of Information Cascades on Media
The article Editorial decisions and audience feedback in crime reporting: What happens when migrants commit crimes? by Benjamin Landis and William Allen, explores how information cascades can drive the decisions of news broadcasting companies. In the article, the authors analyzed the situation of the “Maria L.” case. In October 2016, a student named Maria Landeburger […]
Network Effects in Theory and in Reality
In the article, the authors point out five properties of networks that help explain why “some platforms thrive and others don’t”: strength of network effects, network clustering, risk of disintermediation, vulnerability to multi-homing, network bridging. The arguments made by the authors connect to the theory of network effects discussed in class. For instance, the […]
Information Cascade to the Moon
The beginning of the year phenomenon of space travel perhaps best sums up the hype around cryptocurrency. A truly pop cultural event fueled by a billionaire playboy philanthropist, quarantine boredom, and pipe dreams of becoming filthy rich without barely having to lift a finger; it seemed like everyone was going to the moon with doge. […]
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