Very Constricted Set
When the Indian government recently (as of September 21, 2015), advertised 368 jobs as tea servers or night guards, roughly around 2.3 million people applied. Even very qualified applicants such as Alok Chaurasia who is an electronics and communications engineer applied for these jobs stating that “There are no jobs anywhere.” The number of applicants […]
Triadic Closure and Adolescence
Adolescent communities exhibit various levels of hierarchy that are bound together by fleeting relationships, cliques, and segregation. The study of their community entails the theories from behavioral ecology to explain the patterns underlying their social networks . Adolescents form triadic closures based on the desire to maintain their social status and to cater to their […]
Thinking of Dieting? Think Game Theory
The Prisoner’s Dilemma is an interpretative framework for countless real-world scenarios. Jim Stone’s article “Willpower and Game Theory: Are you ready for the Prisoners Dilemma Diet” analyzes a struggle familiar to many Americans–dieting. He relates it to game theory by contextualizing dieting as a series of games; the strategies are either to defect and give […]
Is Game Theory Useful for Making Predictions?
Game theory has received considerable attention due to its supposed predictive capabilities. However, it is always informative to listen to opposing viewpoints and evaluate their validity. Is game theory really as good at predicting outcomes as people believe? And if so, why has it not been used in real-life situations? It seems like game theory […]
How to Win at Poker
In this article, Wall Street Journal reveals new truths to the game of no-limit hold’em poker. Other than bluffing, the author explains that a lot of what goes on in poker is reading your opponent and understanding the math involved with the cards dealt. A quote from poker theorist David Sklansky states that as long […]
Matching Markets for Kidney Transplants
Many economic markets are not simply driven by supply and demand. For example, labor markets match open positions with employable people by requesting resumes and holding interviews. The job is not given to the person who will work for the least pay but rather to the person who the company sees the most value in within […]
Can Game Theory Help To Prevent Rape?
According to the article this post is based on, one in five women who attended college during the past four years were sexually assaulted. That is a staggering number, but even more detrimental to the prevention of rape is that of these women, only 11% reported it. Although there are numerous issues that play into […]
Application of Game Theory in Adolescent Dating
Game theory has many applications in our daily routine, most of which often go unnoticed. Its relevance when it comes to adolescent dating is very intriguing, entertaining, and informative. The below linked article, though more focused on “how to improve your dating skills” than the aspects of game theory, set the framework for a thorough […]
Can game theory explain the Greek debt crisis?
http://www.bbc.com/news/magazine-33254857 The answer to this all-important question the entire world was exposed to this summer is yes. The Greek debt crisis, while over shadowed by the stock market turmoil both domestically and abroad in China, was a heated topic of debate throughout this year. Greece fell in an inescapable trap of debt due to poor […]
Rosa Parks: Networks and the Power of Weak Ties
In this book, The Power of Habit: Why We Do What We Do in Life and Businees by Charles Duhigg, the author investigates the habits we as humans, naturally act upon in our day to day lives. A specific portion of the book references how networks of strong and weak ties influence our habits and a communities […]
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