Ethan’s Blog Post Number 1
Article: https://www.imf.org/en/Blogs/Articles/2022/03/15/blog-how-war-in-ukraine-is-reverberating-across-worlds-regions-031522 This article is about the impact Russia’s war on Ukraine has on the global economy, with much of the information about such effects being related to the lessons we have learned in class regarding graph theory. In brief, the article contends that the war’s impact has already been felt worldwide through a series […]
Using Game Theory to Understand and Make Choices
Jain, N. (2022, July 23). 5 game theory concepts to effectively navigate in life. Medium. https://medium.datadriveninvestor.com/5-game-theory-concepts-to-effectively-navigate-in-life-d6fbc4106675 One’s mindset on how they approach a given problem can greatly alter the ultimate result of the issue. In his article titled, “5 Game Theory Concepts to Effectively Navigate in Life,” Nishu Jain, a Software Engineer who specializes in […]
Music streaming services and their networks
The music-streaming service Spotify is more than just that: its numerous social features have revolutionized how we share music among our social networks. Spotify users can follow each other—without having to follow their followers back—share music through SMS, email, Facebook, and Twitter, and embed playlists on websites. Based on users’ following lists, they can view […]
Sustainability of Railway Networks
The article analyzes the sustainability of a railway network in Korea. The article talks about how failure in rail networks are often incorrectly analyzed when they are assumed to be linear, but treating them as network structures allows for a more thorough analysis. For example, if a popular route with many passengers had a technical […]
A Delve into Social Polarization
One notable application of key networks principles is using structural balance theory and weak/strong ties to delve into social media dynamics, in particular examine how social media dynamics can evolve over time and how communities can become polarized by certain beliefs and values. Ultimately, the researchers’ goal is to try to find what causes and […]
Game Theory Behind the Defensive and Offensive Strategies in Basketball
Basketball is one of the most followed and celebrated sports in the world. Its competitiveness derives from individual players’ skill levels and high intensity. All 5 players need to work together as a team to out-skill or out-strategy the opposing 5 players to score the most points and thus win the game. Since the game […]
Game theory, Price Wars and Cooperation in Strategic Decision Making
Game theory, the prisoner’s dilemma, and Nash equilibrium are important concepts that can be applied to several real-world situations. One such situation is pricing in business and industry. An oligopoly is a type of market structure in which there are a few large firms that dominate the industry. Therefore, an oligopoly has a high barrier […]
Triadic closure, Without The Closure: The Impact of Covid-19 on Once-Strong Ties
https://www.newyorker.com/culture/dept-of-returns/what-did-covid-do-to-friendship By Jane Hu As someone who transitioned into college during the pandemic, as many of us did, I faced a particularly new challenge: losing touch with those I had considered my best friends. The three of us went from multiple facetimes per night walks around our neighborhoods and weekend trips to a silent […]
Is it Really a Good Compromise When Both Parties are Dissatisfied?
When discussing negotiations of any kind the old adage, “a good compromise is when both parties are dissatisfied” comes to mind. It seems that when it comes to labor disputes, people view bargaining as a zero-sum game. In order for one player to win, another has to lose. For example, raising wages for employees increases […]
Importance of Hyenas’ survival rates: Triadic Closure
For people, there is a tendency for us to meet mutual friends and become friends with each other. If I’m friends with person B and person C, there is a high chance than B and C would be friends. This is the Triadic Closure, which the Strong Triadic Closure Property states that for every 2 […]
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