Bipartite graphs, medical residency, and the stable marriage problem
The medical residency program, which started at the turn of the century, is the first “job” that doctors have when they get out of medical school. They work at a hospital and take care of patients under the supervision of a more experienced physician. It’s an essential part of the professional education of doctors. It’s […]
Amazon- Any challenger? I don’t think so
Following the drastic drop in stock price of footwear and sportswear giants Footlocker from $78 to $35 in the last 6 months , it seems amazon’s dominance cannot be challenged. According to the Foot Locker (FL) , Inc’s filings with the Securities and Exchange Commision (SEC), as of January 28, 2017, the company had 3,363 […]
How Triadic Closure Can Fight Terrorism
https://www.forbes.com/sites/gregsatell/2013/06/07/how-the-nsa-uses-all-those-verizon-phone-records/2/#6755ae9a7094 Ever since Edward Snowden came out with information that the government was spying on people’s private information such as phone records, emails, and online activity, the public has been paranoid about government surveillance. People want privacy and did not expect the government to be looking over their shoulders so closely. However, even though […]
Game Theory in the NFL: Football’s Greatest Game Theorist, Bill Belichick
https://blogs.pugetsound.edu/econ/2015/02/06/bill-belichick-knows-game-theory/ Sports are far more than a showcase of athleticism, where the team with the better players and better performance comes out on top. It is often said that games are won or lost before they are played. This is a result of endless hours practicing offensive and defensive schemes, and preparing for what you […]
Game Theory: Nature or Nurture?
While it is hard to argue with the practical efficiency of game theory, on could ask the question: is it that humans are inherently selfish and thus must find the nash equilibrium, or did a few smart and selfish people convince us that there is no place for altruism on earth? One might wonder if, […]
Game Theory of Fractured America
https://www.bloomberg.com/view/articles/2017-09-08/a-game-theory-solution-for-a-fractured-america America is currently in a fractured state that has not been since the Civil War with both sides holding their ground. This polarization has created a huge rift in America, with a large impact on the political arena, spilling over into the economy. With the use of filibusters and vetoing, the United States healthcare […]
Why Chelsea Lost the 2008 UEFA Champions League final
https://econfix.wordpress.com/2011/03/14/game-theory-penalties-and-the-champions-league-final-2008/ Anybody who watches soccer will know that a penalty shootout is probably one of the most nerve-racking situations in the entire sport. The anxiety it induces is partly because its outcome determines which team will advance in a competition and which team will be disqualified. The other stressful aspect is that it nullifies the […]
Fischer vs. Spassky; The Power of Strong Ties
The game of chess can be thought of as a conflict between two, mutually antagonistic groups that satisfy the structural balance property (the network can be divided into two subsets X and Y composed of nodes entirely friendly with each other and antagonistic to the opposition). Each piece constitutes a node and all pieces share […]
Advancing One’s Career Through Social Networks
Link: https://www.forbes.com/sites/adigaskell/2017/09/11/using-social-networks-to-advance-your-career/#33fa067350a6 There have been a myriad of articles that place emphasis on the fact that weak ties and dormant ties (connections whom you have lost contact with, but used to be close with) inevitably play a pivotal role in finding a job. The main reason behind this is the fact that weak and dormant […]
The Nash Equilibrium of Rock, Paper, Scissors
Source: http://www.bbc.co.uk/programmes/b0640tzr At a small bar in Philadelphia, a group of young people gathers religiously to play strategic games of Rock, Paper, Scissors (RPS). These RPS fanatics say that the key to winning games consistently is by reading a person’s physical patterns and thinking one step ahead of their moves. This is fairly common for […]
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