Utilizing Prisoner’s Dilemma In Business And The Economy
This article starts off by explaining the Prisoner’s Dilemma. It explains that due to self interest, both parties involved in the game will choose to confess. It then applies this game to the real world of business by describing a rivalry between Coke and Pepsi in a similar game. The dominant strategy in this game […]
Game Theory used in Dallas Cowboys Offense
I found an article that talks about how coaches for the Dallas Cowboys could use game theory to help with their play calls during a game. It is interesting to me how game theory could play such a massive roll in contributing to the success of the Dallas Cowboys offense. The article mainly talks about […]
The “Smaller is Smarter” Approach to Networks
In networks, many times it’s important to identify a minimal set of influential nodes. In other words, how can we target some small subset of nodes in a graph so that we can most efficiently and effectively spread influence? While “influence” is an extremely vague term, it can apply to a multitude of different real-life […]
Marketing Nostalgia: How Companies are Taking Advantage of “90’s Kids”
A recent surge of 90’s nostalgia has led to “only 90’s kids will remember this!” becoming a popular phrase on the internet. The most recent example of the “Golden Age Fallacy” (idolizing a past time period) has seen swarms of Millennials harking back to the days of Nickelodeon and the Spice Girls. Corporations have since […]
Modeling Stem Cell Differentiation Pathways Using a Minimum Spanning Tree
Stem cells are cells that are capable of giving rise to an indefinite number of cells of the same type by undergoing a differentiation process. For example, muscle stem cells (MuSC) become myocytes, which develop into myoblasts. These myoblasts can then fuse to form multi-nucleated myotubes, many of which come together to form muscle fibers. […]
Plants can talk to each other
Trees are truly amazing plants. They can live for hundreds of years and grow until some are hundreds of feet tall. Trees provide us with one of our most important needs in life and without it, we wouldn’t be able to exist, oxygen. I learned in fact that there is underground network that allows plants […]
AB Inbev and SABMiller Merger: Synergy Effects in Network
AB Inbev and SABMiller are the two biggest beer brewing companies in the world, and they recently reported their interest in merging and becoming a multinational brewing company with more than 50% market share in the brewing industry. If the merger is successful, SABMiller and AB Inbev would provide more than 1/3 of the beers that are […]
Prisoner’s Dilemma in a Competitive Economy
Competing entities in a capitalist economy under pressure can give rise to behavior akin to the prisoner’s dilemma. No instance of a capitalist economy under pressure has been more documented than the financial crisis of 2008. At this time Morgan Stanley and Goldman Sachs were at a stand-off after their respective valuations had plummeted. Both […]
Avoiding a Church Split
The article I will be referring to throughout this post can be found here. A quick summary of this article: The Archbishop of the Canterbury church is trying to avoid a permanent split in the 80-million-member worldwide Angelican community by instead recreating the church’s hierarchy to be a less tightly coupled church, in which disagreeing sectors of it can have […]
Did Greece score an own-goal with game theory?
The article speaks about the negotiations going on between the Greek government and the creditors they are looking to make a deal with. The finance minister of Greece, Yanis Varoufakis, recently resigned but the Greek negotiating team seems to have been using game theory in their decision-making. For example, a referendum was called and the […]
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