Bayes’ Theorem In Artificial Intelligence
Bayes’ Theorem has been a central component of discussing the effects and influences of solving conditional probability. However Bayes’ Theorem can be used in various industries to solve many different types of problems in an array of fields. In probability theory, it relates the conditional probability and the marginal probabilities of two random events. In […]
Why don’t we see much of VCG?
The Vickrey-Clark-Groves (VGC) procedure is a generalization of a sealed-bid second-price auction that we learned about much earlier in class. In a VCG auction, the winner of the auction is charged an amount equal to the harm that their acquisition of the item inflicts on others, where the harm is the total boost in valuation […]
Bayes law
Bayes law Scientists are increasingly relying on genetics to improve their understanding of risk factors for patients. A patient prone to type II diabetes, for example, may live a longer healthier life by being very cautious of sugary and fatty foods. Scientists often apply bayes rule in these situations to help understand the statistical probability […]
Information Cascades – The Power of Misinformation in Film and Society
Disclaimer: This post has spoilers for the 2013 film Oblivion. The year is 2077. The Earth has been ravaged by an alien race in search of resources from their dying planet. Humanity was able to defend the Earth, but now the Earth is inhabitable and the only choice left for humans was to leave Earth and […]
Ads and the Metaverse
With recent advancements in technology, virtual and augmented reality are looking to become more and more popular. Because of this, Facebook’s parent company, Meta, has decided to create their own virtual reality ‘world’ called the Metaverse. The company’s founder, Mark Zuckerberg, estimates that over the next decade, their Metaverse will generate them over $1 trillion […]
What if there are noises in Information Cascade?
We have been focusing on Information Cascade in class, significantly how one person’s signal/decision might potentially affect the next person and even start the cascade. However, the route of communicating the signal/decision, it’s not always accurate. Other factors might potentially influence the next person’s choice; For example, what if the signal was not accurately delivered […]
Dominance in Diffusion: The Rise of the iPhone
In this day and age, “iPhone” is a household name across America, perhaps even the world. However, only around 15 years ago, this was not the case. How can a technology rise to prominence so fast that, within 2 decades it goes from a little-known device to the top-selling phone in the world this year? […]
Information Cascades in Fashion Trends
https://www.jstor.org/stable/2138632?seq=13#metadata_info_tab_contents Information cascading is a prevalent phenomenon in the fashion industry, and is perhaps the primary driving force behind the emergence of novel fashion trends that present themselves in our everyday lives. The article I chose illustrates how small shocks can often lead to large shifts in behavior, particularly relating to changes in accepted fashion […]
Information Cascades and the Arab Spring
In North Africa and the Middle East, the police states had a hard grip over the ways of communication for decades which meant that any pro-democracy movements were censored and or shut down automatically. The Arab Spring was the course of events throughout countries in these regions where the masses protested and ended up either […]
Netflix’s New Subscription Tier in Relation to Matching and Selling Ads
Netflix is launching a new subscription tier called “Basic with Ads.” Within this new tier, every hour of content consumed on Netflix will have around four to five minutes of advertisements along with them. It is priced at $6.99 compared to the $9.99 basic plan without advertisements. The launch of this new ad supported […]
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