A study at Leicester University and Exeter University has found that the traditional view that decision makers only act in their own interest is incorrect – in some instances, decision makers act in the best interest of their team, often at their own expense. Classical game theory predicts that people act out of their individual […]

John Lamberth, in his paper Driving while black: A Statistician proves that prejudice still rules the road (1998) discussed the idea that police officers pulled black drivers more often than white drivers.  In his research based on data from Maryland State police searches he discovered that, “although blacks were searched with greater frequency than whites, […]

8 weeks ago, the financial markets faced a great problem when news spread that Bear Stearns was running out of cash. On Thursday, March 13th, lenders refused to let Bear Stearns borrow any more cash to cover their assests. News spread like wildfire. Overnight, complete confidence in Bear Stearns ability to back […]

http://www.nytimes.com/2008/03/02/business/02view.html
“How a Bubble Stayed Under the Radar”
–New York Times 
 
If the price of a good drastically strays from its inherent value, while buyers are buying and sellers are selling at considerably high levels, the market is most likely experiencing an economic bubble. This behavior is no different from the recent housing bubble, in which the market’s […]

This is part of my short paper.
After Korea got its independence from Japan in 1945, the country was divided and controlled by U.S. and Soviet Union. Starting from that time, two counties were walking totally different paths until now. There was a Korean War, or WW3 in 1950 for three years and each country’s scars […]

Ofcom (Office of Communications) published their findings on the emergence of social networking sites in Britain. I was amazed to find how quickly social networking sites are catching on, especially among the 8-17 year old audience. Almost half of the children who have access to the Internet have their own social networking profile, while only […]

If you wanted to synchronize your watch with all your friends and all of you did not have access to a universal time source, how would you proceed?  The first step would probably be figuring out a method in which to communicate with all of your friends in order to relay the exact time displayed […]

BBC article: http://news.bbc.co.uk/1/hi/technology/7370956.stm
The Internet faces a couple of significant hurdles as technology and its popularity sprint towards the future: the first is the amount of traffic across it, which has exploded in recent years; the second is the omnipresent debate about network neutrality. The two issues are intricately related, but both demand a solution, and […]

 The article below discusses the general importance of network effects for many businesses and how it can be dangerous to rely on such a phenomenon because it can be very difficult to come by. What I found interesting was a small comment saying how Google’s success did not rely on network effects, but rather an […]

Background Information: The degree of separation in a network is equal to the average length of the shortest path between pairs of nodes. Extracting the degrees of separation for a large network is computationally demanding. The computation involves averaging the degrees of separation of each individual node in the network. Thus, the time required to […]