Decentralizing Auctions is Only Fair
Auctions have been used as a price discovery mechanism for many specific cases and in many industries. In class, we learned that sellers use auctions to determine the true value of the product they intend to sell. Reality often dictates that buyers wish to keep their true values private so that they can possibly leverage […]
Probability Tree Diagrams – A Zero-Equation Methodology to Understanding and Applying Bayes Rule
When it comes to probability, people generally do not have a good intuitive understanding as to how probability works. This is not a baseless claim. In a study conducted by researchers at the University of Toronto, it was found that upward and downward changes in probability cause a psychological momentum effect on people, leading people […]
Information Cascades Affecting Betting Odds
With the creation of online betting sites like FanDuel and DraftKings, it has never been easier for fans to bet on games. In the past, people would have to deal directly with a “bookie”, or go to a casino to place a bet. Now, you can bet on whatever team you want, in nearly any […]
Network Effects as a Tactic for Growth
While many companies inherently follow a network effects model, it is important to note that some are not applicable to the concept. A platform like Zoom, for example, doesn’t require an account to use their product, minimizing its network effects because there is no incentive to create an account. Slack, on the other hand, is […]
Facebook is harming kids. Here is how.
Facebook and controversies seem to go hand in hand in these days, but the most recent charge against the social media giant has taken the world by a storm. An ex-Facebook product manager has accused Facebook’s central business practices to be severely damaging to the wellbeing of children and teenagers. A series of Wall Street […]
Power, Auctions, and Eric Nam
As I am sure the average Cornellian knows, international popstar Eric Nam is set to perform this Sunday on campus. As an avid Eric Nam fan myself, I was thrilled to hear the news; however, my initial excitement quickly vanished once learning that the tickets were sold out. While disheartened, I did what any other […]
Kalshi: Tapping into the Real World Prediction Markets Market
Kalshi, a San Francisco based start-up, creates prediction markets for events that allow customers to bet on whether or not something will happen and when. This market asks anything from “Will the high in Chicago be over 59 degrees on Wednesday?” to “Will real GDP increase by more than 2.5% in Q4 2021?” to “Will […]
The Rise and Fall of Food Trends: A Model of Information Cascades
Just a few years ago, we would never expect to make a “TikTok pasta dinner,” cook eggs in pesto, attempt Emily Mariko’s now-iconic salmon bowl, and so many other recipes that individuals around the world have recreated through online social media platforms. As delicious as all of these recipes are, it is worth noting that […]
The Information Cascade of “Meme Stocks” and “WallStreetBets”
As online brokerage sites have increased the opportunity for individual investors into the stock market, a population of young amateur investors has taken the traditional market by storm. The old large hedge fund-dominated stock market has recently been challenged by an uprising amongst new investors that look to run up a stock price through word […]
Netflix Top 10 Website Metrics
Netflix – everyone knows of it. Whether they are a consumer themselves or are friends of consumers, Netflix is a streaming platform that is favored by many. From its custom made dramas and movies to old time favorites, Netflix houses a vast majority of titles, sometimes too many to keep track. From the countless number […]
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