Google and It’s Advertisement Business
Google, one of the world’s most valuable companies, generated $183 billion in revenue in 2020. What is more interesting is that more than 80% of its revenue comes from advertisements. The details of how the business work is through Google’s search engine. An advertiser can put up a bid that determines whether their advertisement […]
Bayes Theorem in the Business World
Across multiple classes, we find ourselves encountering Bayes Theorem. Its application to the world around us helps different individuals and organizations run day to day. As explained in lecture, Bayes Theorem is a model that calculates the conditional probability of an event given an observed outcome. The formula is given below: where: A, B = […]
How College Admissions is like Online Dating
In our class, we have learned different procedures to achieve matching in different contexts: Search queries and page rank, sellers and buyers, auctions, bipartite graphs with constricted sets. But what does this look like in online dating, which is basically matching (There is a site literally called Match!)? Everyone generally knows that Hinge stands out […]
Housing Market and Buyers/Sellers Power
We have been experiencing an economic downturn like no other. While we haven’t hit a recession yet, we are seeing recession-like phenomena in the housing markets. I find the housing market to be very interesting. A house is a unique investment. For most Americans, a house makes up most of one’s net worth– both a […]
Bayes’ Rule in Medicine
In class, we’ve discussed how Bayes’ rule can be used to evaluate a claim, given evidence related to that claim. Outside of the immediate context of networks, Bayes’ rule is relevant and essential to making diagnoses in the healthcare field. Certain conditions affect the probability of a patient having a certain disease, including demographics and […]
“Competition between shared autonomous vehicles and public transit: A case study in Singapore”
The popularity of autonomous vehicles has grown exponentially in recent years, undoubtedly transforming the transportation sphere as a whole. An MIT case study in Singapore used game theory in order to analyze the potential impact/threat that autonomous transportation services can have on public transit systems. The objective of the study was to simulate the competition […]
How is the VCG mechanism profiting Facebook?
How is the VCG mechanism profiting Facebook? We were introduced to how search engines work in this class recently, and of course, many different mechanisms in the background operate differently, and it is a company’s decision which one to use. Google and Facebook are the two leading companies with the most lucrative […]
Q Theory about Creativity and Small World Social Networks (No, not that Q)
Perhaps one of NYC’s best attractions is its Broadway musicals. From dancing cats, movie adaptions, a musical about a founding father, or operative ghost underground, musicals have played a prominent role in popular culture for over a century. And, of course, musicals are a production put on by many people, each with their own role. […]
Game Theory in Liar Game
I wanted to discuss one of my favorite manga, Liar Game, and how it relates to game theory. Liar Game is a psychological series about the Liar Game Tournament, where players compete in games of deception and strategy overseen by an anonymous organization with large amounts of money on the line. Winners can live a […]
Stocks, Networks, Tesla
Tesla is a company that is known for its technological claims, advancements, and volatility. From Elon’s fantastical claims of buying out multi-billion dollar companies to the company’s volatile nature, the stock market and the company itself can be thought of as a first price auction driven by network effects. From its inception, Tesla relied on […]
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