Cellular Carriers, Information Cascades, and LoRa
I recently finished listening to the book Algorithms to Live By which takes algorithms from computer science, economics, and other fields and applies them to appropriate life circumstances. As a data scientist, this book was a great nerd out session for me filled with great insights. One of the concepts that you’ve encountered and maybe even heard of is called the information cascade. Though not always applicable, you can think of this as one way to explain the snowball effect. It is one of many ways to answer the question of why people, companies, nations, friends, and others do something that as individuals they would never do but as group end up doing, despite having different preferences.