The Reversal of Network Effects on Large-Scale Social Media Platforms
From a more traditional perspective, network effects hugely impact social media platforms and their users. In an article on WIRED, Sangeet Paul Choudary describes the network effects phenomenon through the three Cs: connection, content, and clout. Connection describes how users are able to interact with other users, which becomes more possible (and valuable) as a […]
Decide on when to invest in new technologies using tipping point analysis
Consumers and industries are adopting innovations at a much faster pace than years ago. The demand for new technology can raise rapidly, such as the viral of the Tiktok app. In this consulting report, the authors stated that anticipating important innovations ahead of the competition can significantly increase growth and shareholder value. It relates to […]
Comparison of two types of Influencer’s impacts on a cascade
In the pre-internet time, people belonged to each cluster. Each cluster had a high density, each cluster was separated, or was connected to another cluster by weak bond due to restrictions; those included geographical factors (e.g., people were living far from each other, and only people knew people within that community), social factors (e.g., there […]
Network Effects of Ballot Initiatives
Reclaim Idaho is a political organization that collects signatures for ballot initiatives. In 2018, Reclaim was able to successfully get a measure on the ballot to expand Medicaid coverage in the state, which passed and has since been implemented, increasing healthcare coverage for over 10k Idahoans. In 2020, they attempted to get a measure on […]
The Effectiveness of Financial Derivatives as Prediction Markets.
I was intrigued by the discussions in class on how odds in markets such as horse race betting may have predictive value. This is because the odds are a form of wisdom of the masses, as it is determined by the weighted average of beliefs of those who participate in the market. Furthermore, the reminder […]
Diffusion in Formula One Viewership
https://www.nbcnews.com/tech/tech-news/netflix-f1-espn-boost-tv-ratings-espn-rcna1237 This article, written in June of 2021, talks about the recent updates and changes in the audience of Formula One Racing. Specifically the addition of the North American market, all because “I saw it on Netflix”. Netflix premiered “Drive to Survive”, a documentary series about the racing championship, in 2019 and is now in […]
The Role of Network Effects on the Rideshare Experience
The influence of network effects, or any situation where the value of a given service, product, or platform is dependent on the number of users, buyers, or sellers who leverage it, can be observed in countless aspects of our lives. From e-commerce marketplaces like eBay and Etsy that offer vastly more valuable experiences to customers […]
To what extent can Network Effects drive the growth of a business?
Learning about networks effects in class made me think about the extent to which our decisions are influenced by social networks and how companies can leverage these effects for their own gain. The article presents an interesting view about how network effects can be said to account for almost 70 percent of value in the […]
The Network Effect of a Chinese E-Commerce Platform (Alibaba) and Social Media app (WeChat)
Source: https://www.cdxe.de/en/blog/how-alibaba-and-wechat-built-their-ecosystem-with-customer-experience-in-mind Alibaba is an e-commerce and retail service platform like e-bay and amazon. Alibaba.com later became the world’s largest online B2B trading platform for small businesses as of 2014 (Wikipedia). WeChat is a Chinese multi-purpose instant messaging, social media and mobile payment app developed by Tencent (Wikipedia). Both platforms utilize network effects to build […]
Can Game theory explain Social Distancing in Society?
While learning about game theory, the prisoner’s dilemma presented in class poses an interesting and thought-provoking scenario that highlights the mathematical reasoning that lies beneath human decision making. Learning about this specific example made me wonder whether decision making in general can be modeled by a similar payoff matrix, and whether this concept of game […]
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