This week’s posters found many examples of network externalities and their effects on the spread of technology.  Blogger w8143 brings up the examples of iPods.  Their large market share makes it more likely that a consumer looking for an mp3 player will know of and trust the brand.  The considerable user base also makes third-party iPod-compatible products more appealing to producers, another network effect which […]

Excellent examples of the information cascade phenomenon seem to be popping up frequently in recent blog posts. The more one learns about this powerful concept, the more one begins to see its effect on a diversity of societal trends. As we’ll see, the results of these effects are not always positive.
Blogger timewalker points […]