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Opinion Poll Madness!

It’s no secret that opinion polls get a little out of control around political elections. Sure – depending on who publishes the poll, the accuracy of the sample, and the questions used, poll results can be all over the place. But there seems to be an information effect on polls as well. We saw one […]

Braess’s Paradox in the NBA

Braess’s Paradox states that adding extra capacity to a network when the moving entities selfishly choose their route can reduce the overall efficiency of the network. The reason why has to do with Nash Equilibrium. In Nash Equilibrium, drivers will have no reason to switch routes; however, in a system not in Nash Equilibrium, drivers […]

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