Mastodon Emergence Among Twitter Changes
With Twitter’s change in ownership in the past few weeks, many users on the platform have left to join a substitute named Mastodon. The NPR article titled, “Some Twitter users flying the coop hope Mastodon will be a safe landing,” examines why users face difficulty when making the switch and the main differences from new […]
Information Cascades in Online Market
Information Cascades is a situation where people make decisions that are influenced by the information from other investors or people. Online shopping could also be one of the examples of the concept of information cascades. These days, the number of people that prefer online shopping rather than in-store shopping has increased. We can assume that […]
RECORD JACKPOTS: HERD EFFECTS IN THE POWERBALL
This week is the second time in 2022 that the Powerball jackpot has reached over one billion dollars. As news of the record-breaking prize continues to take up airtime the prize grows at an increasing rate. Just last week, when I arrive in New York, the prize was at $1.6 billion, after checking today the […]
The Importance of The Network Effect to Become Mainstream – Can Mastodon Become the Next Twitter?
When Elon Musk took over Twitter, and let the sink in (along with a whole slew of changes), many users became concerned for the future of Twitter. Many such users began looking towards alternatives to Twitter, starting with one of the other most developed microblogging platforms, Mastodon. According to a “toot” (the Mastodon equivalent of […]
How Netflix Escaped Information Cascades Through User Reviews
https://mashable.com/article/netflix-removing-written-user-reviews On July 30, 2018, Netflix announced that they are removing the review feature from the service, so users can no longer leave written reviews under movies and TV shows. Furthermore, Netflix also removed the ability to give a show a star rating out of 5. Instead, there is now a feature where you can […]
The Role of Network Effects in the Aftermath of Musk’s Twitter: Is “New Twitter” Feasible?
Immediately following the acquisition of Twitter, an incredibly popular social media platform, by Elon Musk, there was vocal backlash from members of the product’s community, due to Musk’s status as a controversial figure. To some, the change in ownership was not of particular concern – but to others, who have a stronger, more negative opinion […]
Information Cascades and Venture Capital: Is the “Hype” Worth the Price? Let’s Ask Elizabeth Holmes.
As has been mentioned quite frequently across this blog, it seems that many of my fellow peers have grasped the ironic relationship between the financial industry and emotional rationality. Indeed, in a field where decision-making is often perceived as being “numbers-driven,” it would be initially shocking to discover just how prevalent moments of “gut feeling” […]
Information Cascades in Professional Sports Scouting and Drafting
https://www.fandomanalytics.com/post/the-fall-of-justin-fields-an-information-cascade-theory The above article dives into the phenomenon of pre-draft scouting in professional sports leagues and how information cascades can form within the drafting process. This article focuses on the NFL draft and discusses how the scouting of a specific player, current Chicago Bears Quarterback Justin Fields, is an example of an information cascade. In […]
Fake product reviews on Amazon: self-fulfilling expectations and information cascades
Scouring Amazon for product listings with over 4 stars and at least hundreds of ratings, customers hope that their methods of filtering will lead them to a product that they are satisfied with. However, do these products give us the best quality for the best value and how many of these ratings have been fabricated? […]
Nonintuitive Reliability Percentages
The New York Times article “The Misleading Math of Prenatal Tests” highlights the difference between 99.9 percent reliability and a test’s actual accuracy through the use of Bayes Rule. In the example used, this 99.9 % reliable test comes back with the result that a genetic disorder was found. You would expect the probability that […]
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