Gunman’s Dilemma : Strategy of the Underdog
The conclusion of the “gunman’s dilemma” described in the film is quite unbelievable, contradictory to our common notion. the black man should intentionally “waste” his chance of shooting in order to increase his probability of survival! If he does so, the red and the blue will both choose the most rational option of “ignoring the […]
Game Theory and Resolving Peace Conflicts
Game Theory is something that is fundamentally not extremely complicated: Predicting certain outcomes based on the participants’ payoff. However, that simple idea can be applied to myriad aspects of the modern world. Whether it is estimating the outcome of political races, or testing the effects of zoning rules in Britain, or even helping settle divorces, […]
Game Theory in the NFL
With twenty six seconds left in Super Bowl XLIX, the Seattle Seahawks had three downs to advance the ball one yard and win the game. Instead, they threw an interception, in one of the most unforgettable moments in sports history. Head coach Pete Carroll was criticized relentlessly for the play call – despite having one […]
Game Theory and the GOP debate
http://www.washingtonpost.com/blogs/monkey-cage/wp/2015/09/18/what-game-theory-tells-us-about-wednesdays-debate-and-the-republican-primary/ http://elections.huffingtonpost.com/pollster/2016-national-gop-primary When Donald Trump was topping the polls in early July this year, many thought it was only a matter of time before he either self-destructed or grew disinterested. Over two months later, his lead has only grown more secure, owning a 17.2% advantage over his closest competitor as of September 19. Many […]
Estimated Betting – A New Twist on Gambling
As technology increases, the demand for integrating such technology into everyday services tends to increase at a similar rate. The appeal of leveraging modern technology to develop a platform accessible by all ages and skill sets provides the foundation for the quintessential service made better through existing technology. Algorithms are able to make decisions for […]
Game Theory Not Always Applicable – Greece’s finance minister.
http://www.washingtonpost.com/blogs/monkey-cage/wp/2015/02/16/why-greeces-finance-minister-denies-that-hes-a-game-theorist/ The Washington Post article listed above discusses the Greek Finance Minister’s past as a professor studying game theory and how this may or may not apply to his handlings with the German government. Yanis Varoufakis, the aforementions Finance Minister, has been criticized as “busily devising bluffs, stratagems and outside options, struggling to improve upon […]
The Game Theory of Marriage
Game theory is one of those mathematical concepts that, once you have discovered it, you seem to see everywhere in your life. There are the classic examples of the prisoner’s dilemma and soccer penalty kicks, and even global examples in economics and warfare. In 2011, author Paula Szuchman broke down how game theory invades even […]
Applications of Game Theory to Fantasy Football
The NFL season is just starting, and avid football fans are drafting their fantasy football teams. Although the average participant of fantasy football does not actively apply game theory in their selections, many people use game theory in their draft picks without knowing it. The author of the article uses selecting a certain wide receiver […]
Mergers and Acquisitions: The Game
In an article from 2012, a game theorist describes how to make money on the stock markets by modeling a couple of key players in mergers and acquisitions. In his article, he refers to company A as the acquirer and company T is the target. He stresses the importance of three key players: index fund […]
Mixed Strategy in the Superbowl
Game Theory Says Pete Carroll’s Goal-Line Attempt was Defensible: http://www.nytimes.com/2015/02/03/upshot/gametheorysayspetecarrollscallatgoallineisd efensible.html?_r=0. It was one of the biggest and most questions moments in recent years in sports. The Seattle Seahawks were in the midst of an unlikely comeback and were now a yard away from the endzone. All they needed to do was cross over to […]
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