Using Game Theory to Win the Price is Right
On an afternoon off from school while watching “The Price is Right”, Ben Blatt realized that if the contestants applied game theory to the game show they could improve their chances of winning. Most of the time the contestants on the show just use their intuitions and randomly guess at the price of items. […]
Strengthening Internetwork Links: Airline Networks Under Mergers and Partnerships
The airline industry’s ability to function effectively- regulated or deregulated, in the United States or anywhere else – is predicated on an ability to satisfy the demands of the mechanics of many-edged networks. Airlines face multifaceted pressures on their operations that cause interesting developments over time. In recent years, it seems that airlines are changing […]
Perfect Matching in the NBA
“Perfect matching” is a phenomena that can be observed in pretty much any system that have identifiable buyers, sellers, and prices, and the National Basketball Association (NBA) is no exception. The NBA consists of teams with varying agendas that all operate under the salary cap (or try to). Some teams are perennial contenders and prioritize […]
Game Theory in Indian Diplomacy
http://www.firstpost.com/world/tit-for-tat-with-pakistan-game-theory-suggests-what-pm-modi-did-was-right-1672387.html For decades, India has had several territorial disputes with both China and Pakistan. With China, the Aksai China and the Arunachal Pradesh are the two main territories under dispute. The 1962 Sino-Indian War was fought as a result of this dispute, but the conflict was never fully resolved, leading to continued tension between the […]
The Game Theory behind the World Cup Group Stage
The group stage of the world cup consists of eight groups of four teams, each vying for one of the top two spots in their group so they can advance to the single elimination portion of the tournament. Three points are awarded for a win, and one for a draw, so it seems obvious that […]
Game Theory: Uber and Lyft
In recent times, Uber and Lyft have both been gaining immense popularity in most metropolitan cities around the world. For those who don’t know, Uber and Lyft are both similar private car companies that are substitutes for waiting for a cab. These have proved great success in that you can physically see your car coming […]
NFL Ticket Price Floors Subverting the Market Clearing Prices
After the incredible win by the Seattle Seahawks last year, the National Football League is as popular as ever, leading the ticket prices for the recently started 2014 season to rise in price. One method many fans have begun to use to purchase tickets are the resale markets, where fans can acquire tickets from other […]
Braess’s Pardox and Its Real-World Implications
In class, we learned about the interesting phenomenon of Braess’s Paradox, a case where an additional connection between to things, say roads to destinations, increased latency or wait time despite the increased overall capacity of the links. The classic example that was used, was that the addition of a bridge to a destination actually increased […]
Relationships: Is it all a game?
Ah, marriage. The start of the beginning of the rest of your life with that special someone. It’s something that a lot of people strive for—the perfect wedding day with the perfect spouse. But if that day is nothing but perfect, what comes after? This article starts off with an almost cynical but undoubtedly true […]
Node Maps in Engineering Design Complexity Metrics
In engineering, the ability to objectively measure a design or product’s complexity has been long sought after. In their paper, Summers and Shah divide the measurement into three metrics: size, solvability, and coupling. The more complex a design, the larger it is, the more difficult it is to solve, and the more interconnected the components […]
keep looking »