Reverse Auctions in Awarding of Government Contracts
ttps://www.nytimes.com/2014/04/07/business/reverse-auctions-draw-scrutiny.html Reverse auctions are a great tool for buyers to force sellers to bid down in order to help them get the lowest price. An interesting use of this is in the case of government contract auctions. In order to save money for taxpayers, the federal government hosts reverse auctions to ensure that they will […]
Is Scissors the Dominant Strategy for Rock, Paper, Scissors?
The Japanese electronics giant Maspro Denkoh Corporation Network decided to auction off its $20 million art collection, including the famous Landscape by Paul Cezanne “Les grands arbes au Jas de Bouffan” and works by Pablo Picasso, Vincent van Gogh, and others. The company president Takashi Hashiyama was indifferent to consigning the auction to Sotheby’s of […]
Ithaca Apartments are Matching Markets
https://cornellsun.com/2019/09/19/cornell-students-sleep-on-sidewalk-for-cheaper-more-desirable-leases/ It is currently leasing season in Ithaca and people are looking to secure places in Collegetown that are cheaper and more desirable before they sell out. Some students even spent an entire evening outside of the leasing office to secure a lease. Honestly, I was quite shocked when I heard that people camped out […]
Mutually Assured Destruction in the Cold War
https://www.bbc.com/news/magazine-17026538 In the 1960s, nuclear warfare and therefore mutually assured destruction became major players in defense and foreign policy, particularly in the US and Soviet Union. Both the US and Soviet Union developed major arsenals of nuclear weapons, solely because each entity knew that the other had the ability to do so. If only Russia […]
Why dating apps have been so popular
https://www.economist.com/briefing/2018/08/18/how-the-internet-has-changed-dating This article on The Economist website discusses the rise of popularity of dating apps over the past few years, how dating has changed because of technology, and which directions these dating app companies are heading. According to the article, theses dating apps are popular because people can be anonymous thus not afraid of losing […]
An Application of Game Theory in Machine Learning
Source: “GANGs: Generative Adversarial Network Games“, authored by Frans A. Oliehoek, Rahul Savani, Jose Gallego-Posada, Elise van der Pol, Edwin D. de Jong, Roderich Gross. Generative Adversarial Networks (GANs) are a machine learning framework that consists of two competing neural networks: a generator (G) and a discriminator (D). G tries to trick D in classifying […]
Expected Payouts: Electrical Engineering Meets Game Theory
https://mindyourdecisions.com/blog/2016/04/12/surprising-connection-between-game-theory-and-electrical-engineering-game-theory-tuesdays/ A common problem in zero-sum game theory is determining the expect payout of a player in a game when each player plays optimally. This involves finding the mixed Nash equilibrium and then using those optimal probability values for each strategy to calculate the expected payoff. In a simple scenario where each player only has […]
High School Selective System & The Matching Market
https://www.wsj.com/articles/school-choice-expert-has-unique-take-on-brooklyn-districts-new-admissions-system-11569070802?mod=searchresults&page=1&pos=2 In the article “School-Choice Expert Has Unique Take on Brooklyn District’s New Admissions System”, the author talks about how the high school system in Brooklyn’s District 15 is changing from grade-selective system to a lottery type. The aim of this transformation is to maximize general welfare for all students and to promote the development […]
Teen Cinema and Strong Triadic Closure
https://journals.sagepub.com/doi/pdf/10.1177/205979910900400103 The paper referenced above was interesting to me because it discusses the characteristics of social networks for teenagers and how they differ between gender. To be honest, I never thought I would see or read about an instance where triadic closure was relevant to my life but after reading this paper, it became […]
Prisoner’s Dilemma and with Romantic Ties
https://footpole.wordpress.com/2012/04/11/love-shyness/ This article is about the problems with love and the feeling of shyness around people trying to discuss their feelings. One area of study I am profoundly interested in is sociology. Sociology is the study of our society. There are a multitude of areas within the study of sociology the contains examples of the […]
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