Information cascades’ role in the efficiency of organizational structures
Source: https://intersol.ca/news/organizational-culture-and-the-5-monkeys-experiment/ How an experiment with monkeys, bananas, and a ladder explained the role of information cascade within organizational culture? A block of bananas was hanging from the ceiling with a ladder underneath tall enough to reach the bananas. Five monkeys were placed in the room described above. As one of the hungry monkeys tried […]
Using evolutionary game theory to resolve water-sharing strategies.
Increasing water demands across the globe have led to many global disagreements and disputes. Freshwater is a vital resource to humans and the environment, and riparian countries have faced difficulties with sharing this resource for decades. New research, however, has uncovered that cooperative sharing of these resources will yield much greater benefits to the parties […]
Bayes Theorem in the Courtroom
Bayes Theorem in the Courtroom Throughout the course of a criminal trial, there are many different pieces of evidence and alibis that jurors are to consider when determining the verdict. As would be expected there is usually conflicting pieces of evidence provided by the defense and prosecution and from this evidence the jury needs to […]
Information cascade in the Japanese comedy prank crowd running
https://www.youtube.com/watch?v=VGW-cfP3CqE There are several Japanese comedy pranks that were examples of the concept of information cascade that we learned in class. The idea of information cascade is when an individual makes a decision based on their observations of the previous participants, instead of on their own signal. This may lead to wrong judgement, or […]
COVID-19, BAYES’ RULE, AND SIMPSON’S PARADOX
https://mindmatters.ai/2021/09/covid-19-bayes-rule-and-simpsons-paradox/ This article mainly about the applications of Bayes’ Rule in COVID-19 vaccination and its effect. There were 58% of Israelis hospitalized for COVID-19 were fully vaccinated, it seems that vaccinations are useless for protect COVID-19. However, when we explore the data by Bayes’ Rule, it may is different from our intuition. There were 515 […]
Information Cascades and the Collapse of Cooperation
The article talks about how in many communities, newcomers often select who they want to interact with based on some role-model and interact with who the role-model interact with. Their goals are to interact with the cooperators and not the cheaters. However, there are both cooperators and cheaters in the network and the newcomers cannot […]
Evolutionarily Stable Strategies in Guam
The brown tree snake is an invasive species that has devastated bird species in Guam and has destroyed the whole island’s ecosystem. The snake was likely introduced into Guam after being introduced by US military equipment transportation and has caused the endangerment of Guam’s bird and rodent species. The snakes were first introduced to the […]
The Power Law and the Music Industry
This research paper investigates the processes that allows one to gain fame in the music industry. The paper argues that popularity in the music industry follows the power law. It starts with a more historical example of the BBC prom which is a list of all the Promenade concerts since 1895. He displays this on […]
Information Cascades and Diffusion Models In Response to a Crisis
Information cascades in social media in response to a crisis: A preliminary model and a case study: https://www.researchgate.net/publication/239761833_Information_cascades_in_social_media_in_response_to_a_crisis_A_preliminary_model_and_a_case_study The link provided is a study regarding the social media response to a crisis at RPI. On April 6th, 2010, there was an armed robbery near the campus. The armed robber was then seen walking around […]
Overrated Network Effect
www.nytimes.com/2021/09/04/business/dealbook/network-effects In the past decade, many platform companies came to represent a large share of the entire stock market. It is believed that the secret of success for those companies lies in the connections they enable, whether by encouraging innovation, facilitating transactions, or deepening relationships. As the article introduces, many people think that the unstoppable […]
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