Game Theory: Making the the World Blind One High Beam at a Time
As shown in the “THE DRIVING THEORY”, the high-beam/low-beam scenario is a basic example of game theory in real life that demonstrates how making decisions with self-interest in mind can hurt both the decision makers and society. In this game, suppose there are two players, Driver 1 and Driver 2, each driving on the same […]
Imperfect Matching in the World of Matchmaking
Everyone wants to find their soul mate and for many college-educated professionals in China, the preferred method of finding a partner is through hiring a matchmaker. Traditionally, there are expectations for young Chinese, single professionals to seek significant others that are well-off financially and physically attractive. However, according to a recent SCMP article- today’s Chinese […]
The Importance of Weak Ties
In class we have discussed the notions of “strong” and “weak” ties which can connect the nodes of a network. In applying this to a social network, we’ve said that a strong tie can be described as a closer relationship between two people while a weak tie can be described as a weaker relationship. In […]
Game Theory and Nuclear Missiles
Link: https://fivethirtyeight.com/features/how-to-win-a-nuclear-standoff/ When pondering the prospect of nuclear war on account of the rhetoric from both President Trump and Kim Jong-Un, for most people, a game wouldn’t be the first thing to come to mind. However, Oliver Roeder uses game theory to explain the unpredictability of the nuclear conflict in his article, “How to Win […]
Game (Theory) of Thrones
https://www.forbes.com/sites/modeledbehavior/2017/08/27/its-time-for-some-game-theory-about-the-game-of-thrones-finale/#15190fc7bde9 Warning: SPOILER ALERT! Do not read this post if you are not caught up with Game of Thrones! In his Forbes article, Adam Ozimek applies game theory to the HBO show Game of Thrones. He specifically points to the Season 7 finale, in which Daenerys Targaryen and Cersei Lannister meet for the first time. […]
The Application of Nash Equilibrium to Poker
Poker is a game of calculated risk and reward, which in part comes from luck of the draw and part comes from skill in reading the situation of play and responding accordingly using some reactionary strategy. Poker is a game of applied mathematics and probability though, and using game theory a theoretical ideal version of […]
Overdiagnosing Market Clearance
https://fivethirtyeight.com/features/what-a-doctor-calls-a-condition-can-affect-how-we-decide-to-treat-it/ This article from Five Thirty-Eight discusses the implication of word choice on treatments and the ensuing effect on Overdiagnosis. Overdiagnosis results in aggressive and expensive treatments for diseases patients probably do not have. A physician’s word choice while describing a condition can make patients more likely to opt for aggressive treatments, exacerbating the issue. […]
Littlefinger: The equilibrium breaker in Game of Thrones [Spoiler’s Alert]
With viewership figures skyrocket across the globe, Game of Thrones is definitely one of the most popular tv shows HBO ever produced. Known for its horror, gore, and magnificent fight scenes, the show also creates some of the most well-developed characters, one of which is, of course, Lord Petyr Baelish, aka, Littlefinger. Littlefinger is a […]
Applying Game Theory To The Super Bowl
https://www.economist.com/blogs/gametheory/2015/02/applying-game-theory This Economist article discusses a three round game we all (or a large majority) experienced, the Super Bowl in 2015. The situation was so—The Seahawks had 2nd down within the Patriots 10-yard line and less than a minute to go. A touchdown would win it for the Seahawks. Almost any coach would run the […]
Solving American Societal Divides by Teaching the Outcomes of the Prisoner’s Dilemma
https://www.bloomberg.com/view/articles/2017-09-08/a-game-theory-solution-for-a-fractured-america The author if this article claims that the divide in American society has never been as strong as it is today. Although this claim can be hotly debated, it is true that, with the development of the modern social media and instant news networks, the social divide in America has never been as perpetuated […]
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