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How to clean up space debris – using game theory

A piece of debris just 10cm in diameters will cause an entire spacecraft to disintegrate and it is estimated that there are more than 29,000 objects larger than 10cm in Earth’s orbit. This poses a huge difficulty for spacecrafts and the satellites which are essential to many aspects of daily life such as weather and […]

Facebook Helps Prove Triadic Closure Property

I was in my freshman writing seminar and we had to read this article by Sofia Kaliarnta about internet friendship.  I immediately thought about networking and this class. http://link.springer.com/article/10.1007/s10676-016-9384-2 “Friends are defined as people who ‘must be mutually recognized as bearing goodwill and wishing well to other’”, according to Aristotle’s theory of friendship.  Kaliarnta Nowadays […]

Oligopoly and Game Theory

Since the oil collapse in fall of 2014, US and Russia have been engaging in talks on how stabilize the oil market and ultimately drive the prices higher. Each meeting produces the same result, which is to boost oil production and thus naturally lowering the oil prices. In the oil industry, cartel is an association […]

Donald Trump and the Iterated Prisoner’s Dilemma

The rise of Donald Trump’s campaign has baffled many on both sides of the political spectrum.  Regardless of what you think of him, nobody, including himself, would have ever expected that he’d make it far enough to have a very real chance of winning the presidency.  It seems as if the strategies and rhetoric used […]

Auctions in the Electricity Market

Two Types of Auctions In class, we talked about auctions in which buyers make competing bids to buy an item from a seller. The one who makes the highest bid gets the item, and depending on the type of auction, the winning bidder pays the value of his/her bid (for first-price auctions) or the value […]

Game Theory and the Black Mamba

Kobe Bryant, nicknamed the Black Mamba, is a basketball legend, and an idol to many. With an outstanding 20 seasons, 17 of which he was named an All-Star, he led his team to 5 championships. He is third all time leading scorer of the sport and one of the only two players in the history […]

Global Warming & the Way to Win Repeated Prisoner’s Dilemmas

Despite a multitude of sources espousing anthropogenic climate change and a near-universal consensus on the severity of humanity’s industrialization on the environment, there has been a surprising amount of traction in getting large-scale agreements in place to mitigate our future damages. On the surface, the cause of this recalcitrance is relatively obvious and can be […]

Free Riding in Swimming

At the 2012 Olympics in London, Nathan Adrian won the gold medal in the 100 meter freestyle. However, as the first leg of the 4×100 meter freestyle relay, he swam the slowest of the four relay team members, swimming a time that was 0.37 seconds slower than his time from the individual race (which for […]

The Joker’s Game (Theory)

Setting the Stage:   In the cinematic film The Dark Knight, there are many instances where game theory is involved. However, the most straightforward and pivotal example is during the third act of the movie. During this scene there are two ferries filled with people. One ferry carries the population of Gotham’s prison while the […]

Growing network of national anthem protests

These past few weeks, we have seen a growing number of professional athletes kneel or sit during the national anthem to protest racial inequalities in this country. The 49ers quarterback, Colin Kaepernick, was the first to start this movement and was quickly joined by teammate Eric Reid. The two have been doing this since the […]

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