Using Game Theory to Time the Perfect Product Launch
In many markets it is common for multiple companies plan to release similar products around the same time. In his Financial Chronicle article, “How Game Theory Affects Entrepreneurial Decisions”, Varun Dutt the important aspects of timing a release of a product and how game theory can be used to maximize success. According to Varun, each company […]
Pitchers Appear to Throw too Many Fastballs
In an ideal world of Game Theory, two players battling in a zero-sum game make rational choices. They choose something called the “minimax” solution: “the set of plays that minimizes their maximum possible loss and their play selection does not follow a predictable pattern that might give their opponent an edge.” Randomness is the key […]
The World Cup under the lens of Game Theory
It’s been about 3 months since the world’s greatest tournament came to an end in Brazil. As a supporter of the United States men’s national team, I can be proud of my country’s performance. Just like any other soccer fan, I relished at the opportunity to see the world’s best players compete on the ultimate […]
Social Media and Terrorist Organizations
It’s not unheard of for terrorist organizations to spread their message through the internet and social media, but these groups all pale in comparison to what the Islamic State of Iraq and Syria (ISIS) has been doing with sites like Youtube and Twitter to garner the attention of the world. For those unfamiliar of ISIS, […]
Network Ties and the Floods of Kashmir, India
The role of social media has become increasingly important over the past few years but who would of thought that Facebook and Twitter could save thousands of lives when a disaster hits? This is exactly what happened when massive flooding hit the province of Kashmir in India early last week. The province was put into […]
2008 Financial Crisis: Networked for Failure
http://www.wired.com/2010/11/economics-of-network-collapse/ A new study has found that the economy in 2008 was “intrinsically networked for failure”. In fact, researchers determined that even if the housing bubble had not initiated the crash, something else would’ve likely taken its place. Unsurprisingly, the main vulnerability lies in the extraordinarily convoluted ties between regular companies and the financial sector. […]
Emoji-Based Social Networks
Source: http://www.theguardian.com/technology/2014/sep/12/emoji-social-networks-app-emojli-emojicate-steven There is a growing trend in social networks that less is more. Twitter started this trend with its 140 character limit on posts, as well as other social networks like Snapchat where users can view pictures that are sent to them for 1 to 10 seconds. If you already thought that the way […]
Women’s Networks and the Workplace
Throughout the workplace today, women are much more readily accepted and appointed to positions that were once primarily held by men. In order to further reduce this gender gap in the workplace, it is important for women to realize the importance of networking and forming strong ties, and many studies have already been done on […]
Game Theory and Crimea
Recent Russian aggression in Ukraine has caused much vexation among global leaders. In his Times article, “Crimea Through a Game-Theory Lens,” Tyler Cowen, an economics professor at George Mason University, provides insight into the conflict by examining the main players’ (Russia, Ukraine, and the United States) strategies from the point of view of game theory. […]
Graph Theory to Study Ecological Connectivity in Great Barrier Reef
Paper: Numerical modelling and graph theory tools to study ecological connectivity in the Great Barrier Reef The Great Barrier Reef (GBR) is the world’s largest coral reef system and is under threat due to climate change, as well as due to human impact through tourism and fishing. The reef serves as natural habitat for a […]
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