Information Cascades as a Result of the Structure of Social Networks
161-K20004.pdf (ijfcc.org) Information cascades are a complex phenomenon by which the public signals of others’ decision making has the ability to influence subsequent decisions being made by individuals even when they have their own private information. In a localized setting, information cascades can look like deciding whether or not you think you should go to […]
Blog Post 2: [Sponsored Search] Comparing/Contrasting Google Ads and Bing Ads
Link: https://instapage.com/blog/bing-ads-vs-google-ads In an Instapage article written by Stephanie Mialki, the writer discusses the most notable advantages and disadvantages of the Google and Bing platforms when it comes to sponsored search markets. The article also briefly goes into the sponsored search strategies for both Google and Bing, and how the differences between the two platforms […]
Information Cascades and the Anna Delvey Story
The Anna Delvey story is an example of how easily misinformation can spread through information cascades— and cost those who were misinformed a lot. Anna Sorokin lived several years in the 2010s as Anna Delvey, a fake German heiress who tricked New York’s socialites and financial institutions out of $275,000. When it was revealed that […]
Information Cascade in Asch’s Conformity Experiment
In this society, it is inevitable that there will be connections within people as known as networks based on the concept that we learned in class. As long as there is a network, people tend to get influenced by other people. Even with any relationships, when one converses with one another, there is some influence […]
Bayes Theorem in Assessment of ADHD
Bayes theorem is a simple yet fundamental theorem in probability that states that P(A|B) = P(B|A) * P(A) / P(B), for two events A and B. What makes this theorem so powerful is its ability to describe the probability of an event based on some prior knowledge. This theorem thus has widespread applications across a […]
Information Cascades within Music Streaming Charts
Billboard listed their first Hot 100 on August 4, 1958. This list was originally composed of radio airplay, jukebox play, and singles sales. Fast forward to the present day, in many ways this list serves as the preeminent benchmark for a hit song in the United States. However, the composition of the list has changed significantly, […]
Network Effects in Tech
The implementation of network effects is widely used by tech companies. Most of the largest tech companies/brands, such as Apple, Google, Microsoft, etc., use network effects to grow. It is a simple yet powerful concept to grow one’s business and secure one’s own properties, connections, and products. The concept is that when a new user […]
Misinformation cascades: susceptibility to misinformation and how it spreads through social networks
The article linked below discusses the threat of misinformation to society, why certain people are more susceptible to its spread, and how it cascades through society. “Infodemics” are described as the overabundant spread of misleading and false information. This misinformation spread has clear links to harmful effects on public health, especially during pandemics. The COVID-19 […]
Information Cascades and Abstract Art
Abstract art has been around for centuries, but its popularity boomed in the 1950s. Famous contributors to the abstraction movement include Wassily Kandinsky, Jackson Pollock, Mark Rothko, and Piet Mondrian. Their works have no clear meaning, and its interpretation is left to the viewer. The title and colors may offer some suggestions, but the abstract […]
Cutting of Ties With Disgraced Rapper Representing Information Cascade
Over the past several weeks, controversial music figure Kanye West has lost dozens of brand deals that he had accumulated over decades due to his antisemitic and insensitive statements on public networks. His losses in net worth due to brands cutting his deals have totaled over one billion dollars, an incredibly large portion of his […]
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