Detrimental Network Effects and Pokemon Game Versions
We’ve talked a lot about goods in this class that possess network effects where the payoff increases for each user as the count of users increases. In some cases, though, it makes sense to consider network effects where the payoff decreases as the number of users increases. They’ve done it again — in a few […]
How will YouTube’s removal of the dislike count affect the user experience?
Recently, YouTube announced that it will be removing the dislike count in response to targeted dislike attacks against some media channels. Their hope is that it will reduce the number of these attacks and also relieve the mental stress of content creators. Now, people will only be able to press the dislike button, but cannot […]
TikTok and the Diffusion of Fashion Trends
TikTok has recently overtaken Instagram as the biggest influencer on fashion trends amongst the younger generations. With Gen Z gaining more influence in society, especially on social media, TikTok’s popularity arose due to its ability to satisfy and entertain short attention spans, as well as provide an expressive outlet where anyone, regardless of the number […]
https://core.ac.uk/download/pdf/96667096.pdf In the research paper written by Guttorm Alendal, “Using Bayes Theorem to Quantify and Reduce Uncertainties when Monitoring Varying Marine Environments for Indications of a Leak”, the paper discusses a real-life application of the Bayes theorem. This paper was presented at the 13th International Conference on Greenhouse Gas Control Technologies. The paper is […]
Information Cascades and the Stock Market
In an information cascade, an individual changes their behavior based on the behavior of other individuals. At times, this individual can be correct in following the behavior of others, and at other times they can be misguided. This definition can be applied to investing, stock market bubbles, and the fear of missing out. When an […]
Network Effect On Coinbase
Throughout this course, we have been learning about the idea of network effects. The cascading effect describes the way information spreads through a network of people. When many people are connected in a network, they can influence each others’ decisions and behaviors. More recently, we have learned about the power law and how very few […]
Information Cascade Effects in Online Event Scheduling
In a research paper written by Daniel M. Romero, Katharina Reinecke, and Lionel P, Robert Jr., they concluded that sequential group decision-making processes like online event scheduling are under social influences when the decisions depend on individual preferences. Previous research has shown that scheduling polls that make all respondents’ answers visible have a greater chance […]
The Popularity of MoviePass
https://www.theverge.com/2019/9/19/20872984/moviepass-shutdown-subscription-movies-helios-matheson-ted-farnsworth-explainer On September 14, 2019, MoviePass, a start-up selling movie subscription passes, shut down. The MoviePass subscription plan consisted of unlimited movies for less than $10 per month. The idea behind the success of MoviePass was that the people who frequently go to the movies would balance out the people who infrequently go to the […]
The Power-law Distribution in Tagging Systems and the Influence of Tagging Suggestions
Tagging is using descriptive words to define or label a resource. The tags form a power-law distribution because of two reasons: firstly, users are imitating each other’s decisions when they are presented suggested tags by the tagging system, which resembles the example in the lecture that music downloads produces a “rich get richer” effect on the […]
Why is TSLA so overvalued?
Why was TSLA more valuable than the next 9 largest car manufacturers around the world earlier this month, despite making up less than 1% of global car sales? In recent years, popular culture has taken over public markets by way of social media platforms. Memes spread like wildfire across digital mediums like Tiktok, Twitter, Reddit, […]
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