Information Cascades Perpetuate Cancel Culture
An information cascade, also known as herding, is when the information you infer from individuals who have preceded you directly influence your own decision, even more than your own observations. It occurs when individuals make choices sequentially, and later individuals have the opportunity to watch what actions earlier individuals decide to take. The choice to […]
Effect of Covid-19 on E-commerce sponsorship
Link to Article: https://www.adbadger.com/blog/sponsored-product-ads-during-covid-19-case-study/ Advertising forms a significant part of the revenue of companies like Amazon, Google, and Meta. This blog will specifically be discussing the effect of COVID-19 on the ecommerce industry through changes in clickthrough rate, advertising cost over sales, cost-per-click and conversion rate. In 2021, the e-commerce giant, Amazon, generated $31 billion[1] […]
Preferential Attachment and Strong Triadic Closure in Community Networks of Physical Activity Promotion
Physical activity and sport participation levels have been at a worldwide low in recent years, and attempting to make changes to individual behaviors are not making a sufficient impact at a population level. This study aims to analyze the properties of community networks of sport and physical activity promotion, to better understand how to govern and […]
Liar Game, Minority Rule Game Analyzed
One great anime (if there are those looking for recommendations) that features lots of game theory is Liar Game. The premise of the second round of the competition in this game is the minority rule game. This is a variation of El Farol Bar problem, further simplifying the decision so that the players want an […]
Bayes’ Theorem
In class, we have been discussing Bayes’ Theorem and how it is extremely vital to solving conditional probability. In the article attached, they talk about one possible case of using the Bayes’ Theorem: solving the Monty Hall problem. The Monty Hall problem is a famous mathematical problem, with the premise being the importance of using […]
Cost per Click in big name companies
The article discusses the cost per click in mobile advertising and more larger name companies, such as Google and Twitter. The article continues to go through the statistics comparing multiple companies’ cost per click rates and the changes during the past few years. It shows that the highest cost per click rate is held by […]
YouTube Recommendations and Information Cascades
I was browsing through my “Home” page on YouTube the other day when a thought crept into my head: how do search engines like Google know what kind of ads to recommend to you, and how do sites like YouTube know what un-watched videos to recommend to you? The answer is obvious, of course: these […]
GameStop on r/WallStreetBets: Information Cascades
https://www.nbcnews.com/business/business-news/gamestop-reddit-explainer-what-s-happening-stock-market-n1255922 About a year ago, news about GameStop stocks skyrocketing broke the internet; its value grew “around 8,000 percent over six months” which only encouraged more people to hop on the bandwagon and invest. However, many people that got involved quickly saw themselves at a massive loss, where “short sellers had lost $23.6 billion on […]
Information Cascades and its Role in the recent Itaewon Tragedy in South Korea
On the night of 29th October 2022, a crowd crush occurred during Halloween festivities in the Itaewon neighborhood of Seoul, South Korea. The shocking tragedy resulted in a total of 154 deaths, in addition to a significant number of those who were severely injured. The Itaewon district is known for its popular night life culture […]
Social Conformity and Voting Behavior
Link: The Effect of Social Conformity on Collective Voting Behavior on JSTOR In The Effect of Social Conformity on Collective Voting Behavior, Stephen Coleman discusses how social conformity affects voter turnout and candidate selection. Coleman also discusses the effects of rational choice turnout and conformity driven turnout. In his discussion of how social conformity affects […]
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