Macy’s Game – Black Friday
http://www.bloomberg.com/news/articles/2013-10-15/the-game-theory-behind-macys-thanksgiving-opening The article, “The Game Theory Behind Macy’s Thanksgiving Opening”, by Kyle Stock describes the reasoning and benefits of Macy’s opening most of its store locations at 8pm on Thanksgiving Day instead of waiting for Black Friday, which is when it opens traditionally. In this case, Black Friday sales start earlier, starting on the holiday […]
Game Theory with Kids
Young children can be difficult to deal with. Parents with multiple children constantly deal with squabbling siblings. But what if one could take advantage of the information taught in game theory to persuade kids to do as one desired? The article, “Game Theory Secrets for Parents”, discusses strategies developed based on game theory that would ideally […]
Game Theory in the NFL
http://www.mikeshor.com/courses/gametheory/docs/topic4/football.html One of the most crucial aspects in professional football is play calling. Play calls are so important that they are scrutinized years after the given play- (i.e. the interception in the Patriots-Seahawks Super Bowl XLIX). While there are hundreds of plays to call, the two main categories are a pass play vs a run […]
Game Theory for Gymnastic Olympics
Website: http://www.nytimes.com/2008/08/06/sports/olympics/06scoring.html The article describes how the point calculation system of gymnastics has evolved from receiving scores out of 10 points to a more complex system in which there is essentially no limit to the highest a gymnast can receive. The new score is based off of the level of difficulty of the gymnastic routines and […]
Game Theory: Why Pharmacies End up in Clusters
The article below discusses why in Midland, Texas CVS is adding a new store so close to Walgreens. The article proposes a number of reasons why it is advantageous for CVS to be so close to this Walgreens even though it may intuitively make more sense for CVS to avoid being located to one of […]
Game Theory in Presidential Elections
https://www.linkedin.com/pulse/game-theory-us-presidential-election-andreas-fellner http://www.gametheoryacademy.org/tag/presidential-election/ Game Theory plays an important role in how candidates campaign in the presidential election. It is the reason why candidates focus more on swing states with higher electoral votes than states that trend in consistent directions. Andreas Fellner explains that if a candidate won Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District […]
Infrastructure construction and both Auctions and Game theory.
When we began discussing bidding strategies in class, I immediately thought of the link to my Regulation and Infrastructure Policy class. While bidding in Networks implies individualistic behavioral decisions, building large infrastructure projects requires Special Purpose Vehicles (SPVs) to create contracts amongst entities to fund that infrastructure. The paper I have linked to below and […]
Fighting ISIS and Each Other (mainly each other)
How ISIS is able to survive against a dozen better equipped enemies who are attacking from multiple fronts? Answer is, rather unexpectedly: unbalanced graphs. The terrorist organization which rose to prominence in 2014 by capturing key cities like Mosul in Western Iraq, now additionally operates in Syria and Libya whereas its offshoots claim extending the self-declared caliphate to Afghanistan, Nigeria and even […]
Brother vs. Sister
http://www.scientificamerican.com/article/game-theory-for-parents1 Brother Vs Sister. Siblings often have rivalry and in their daily lives are involved in Game theory, regardless of the parents’ involvement. Siblings enforce their own game rules, even without an ‘enforcer’ of a parent. They can have conflict and resolve on their own for the most part. The interesting part about sibling […]
Game Theory in a Post-Brexit World
Last June, the United Kingdom shocked the world by voting to leave the EU. This event, called “Brexit”, has introduced a lot of uncertainty in not only the European continent but also the whole world. The vote was close, but ultimately the leave party one 52- 48. The vote to leave the EU has been […]
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