Game Theory Applied to a Strike
French pilots are currently on strike and it is causing major losses for the Air France airline. The strike has been going on for 13 days. The pilots are on strike against Air France’s efforts to increase its budget airline Transavia in order to take customers from rival airlines Ryanair and EasyJet. The pilots want […]
Wireless Signal Auction
http://online.wsj.com/articles/auction-offers-investors-a-wireless-signal-heard-on-the-street-1410710728?KEYWORDS=auction The article above details the importance and strategy of the nation’s upcoming Wireless Signal Auction. The Federal Communications Commission is auctioning bandwidth, which will allow major wireless providers to extend their networks, ultimately increasing their customer base. While there are many corporations expected to participate, a few have made it publicly known that they […]
Bid “Sniping” an ebay auction
http://www.ebay.com/gds/Sniping-Is-it-Good-Strategy-for-Winning-Auctions-/10000000001548836/g.html The linked article discusses what the author believes to be dominant strategies for EBay bidding. The article discusses the misconception held by many bidders that bid “sniping” the act of waiting until moments before the end of the auction to incrementally raise the price to win the auction. This is flawed because EBay uses […]
Examining Reversed Auctions in Practice
Through a new marketplace called FedBid, government agencies, commercial companies, or educational organizations can use auctions to decide who is awarded contracts. The deals range from “pens to pesticides” and everything in-between. From their website, they claim “as the Buyer-Driven Online Marketplace, FedBid is the fully managed online marketplace optimizing the way governments, businesses, and […]
Biological Systems: Using a Modified Game Theory
Biological systems are very complex. We observe this mostly in ourselves, in our human bodies, from our internal reactions to illness displayed externally as symptoms, to our internal neural network and its ability to control varied behaviors. So many biological agents make up the human body, such as genes, proteins, lipids, enzymes, blood cells, antibodies, […]
Where Will You be Living in a Few Years?
This past week, I came across a rather interesting article published by the New York Times. The article charts the migration and diaspora patterns of people living in the United States since 1900, using US Census microdata. It goes state by state, showing two sets of data on two different charts for each state. The […]
Facebook vs Google+
http://www.realwire.com/releases/Social-sharing-on-Google-to-overtake-Facebook-by-2016-predicts-new-study The article discusses a study that examines both Google+ and Facebook. The study focused on the total number of shares that occurred on each platform and concluded that, while Facebook currently has 29 billion shares per month and Google+ only has 2 billion shares per month, Google+ could overtake Facebook by May 2016. The […]
Game Theory and NATO
On April 15th, 2014 an article from The Economist suggests that the NATO treaty is not as strong of a war deterrent as many would like to think. The article, titled “War: This is not a game theory” uses game theory to analyze the costs and benefits of potential outcomes of Russia “acquiring” territory from […]
Online Dating Mechanism by Yuqing Zhang
http://home.uchicago.edu/~ghitsch/Hitsch-Research http://www.huffingtonpost.com Online dating is exploding in popularity, as it provides a much easier and comfortable way for people to find a partner. One can simply browsing hundreds thousands of pictures while sitting on a couch, holding a can of beer and wearing his pajamas without the awkward moment when going out with a woman […]
Australian Gouldian finches and the Hawk-Dove Theory
Article: http://news.discovery.com/animals/angry-birds-show-too-much-war-is-bad-140912.htm A researcher’s theory that excessive conflict is bad for society has been demonstrated in an animal population, in findings motivated by game theory. As it turns out, aggressive and peaceful Gouldian finches can live together, as long as the aggressors are not too successful. In this article, Professor Simon Griffith examined data of […]
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