This BBC video describes the situation of identity theft by the social networks we create via Facebook. As we all know Facebook is filled with many applications to keep in touch, pass the time or procrastinate with; but something we probably never think about is the chance of becoming a victim of identity theft by […]

There are few fields that reveal the power of networking than in business. Without a network of referrals or contacts, it’s difficult to make headway into a new industry, especially when the industry is filled with established businesses. With a bit of help from someone who plays golf with the CEO of a […]

In my last blog, I investigated the time taken for a giant component to develop in a social network.In that experiment, when the largest component contained the majority of people in the population, I stopped the simulation and recorded the time taken. If I were to continue the simulation, we’ll observe that the giant component […]

Oracle of Baseball (http://www.baseball-reference.com/oracle/) uses a database of every MLB player to track how “connected” different players are to each other. It attempts to link two different players using common teammates. For example, I could type in Cy Young and C.C. Sabathia (the 2007 AL Cy Young Award winner) and I will be […]

The market of lemons can be witnessed almost in any economic market. More specifically, asymmetric information between sellers and buyers exists where one party holds more information than the other. The information problem can either cause an entire market to collapse or contract it into an adverse selection […]

The market of lemons can be witnessed almost in any economic market. More specifically, asymmetric information between sellers and buyers exists where one party holds more information than the other. The information problem can either cause an entire market to collapse or contract it into an adverse selection […]

http://www.sciencedaily.com/releases/2008/04/080428094212.htm
A Nash Equilibrium is reached when people discover what choice will result in the greatest individual benefit in a game.  In team reasoning, however, people act in the best interest of their team, as opposed to the individual. This article talks about a recent study that set Nash Equilibria and team reasoning against each other.  […]

http://www.newsweek.com/id/134920
In this article, researhers from the University of Maryland, Duke, and Johns Hopkins used game theory to predict levels of parental discipline.  They found that parents really do become less strict with younger children and the effects show.  Parents are less likely to financially support rebellious older children if there are younger children at home, […]

Stephanie Rosenbloom of the New York Times wrote today on new features of familiar social networking sites like Facebook, Friendster and MySpace. She writes that these websites are increasingly becoming platforms for job searching and professional contacts. Modernizing Mark Granovetter’s hypothesis in his paper “The Strength of Weak Ties” - that many people […]