Modeling the Dispersion of Network Ties Based on Relationship Status on Facebook
When analyzing the distances between users in an online network, connections among users on social networking sites such as Facebook and Twitter can offer insights into the ways, and how often, people interact in real life. One of the most interesting ways in which an individual users network expands is through engaging another user in […]
Creation of the Spectrum Auction
The theory behind auctions is truly fascinating. The thought that must be put into designing them and the strategy behind participating in the auction is a lot more complicated than what it appears to be at the surface. In 1993, Bill Clinton signed a law which granted the government to license away spectrum licenses, certain […]
Game Theory and Rock, Paper, Scissors
Most children become familiar with the game Rock, Paper, Scissors fairly early on in their lives. For children, this simple game does not require a great deal of thought, as children tend to throw out whichever hand movement they feel like using at the moment. However, the game can be analyzed for optimal strategies. We […]
Game Theory in the stock market
Link: http://www.businessinsider.com/ben-hunt-on-the-sentiment-game-2013-11 Of all places, the workings of the stock market is the most intriguing demonstration of the game theory. Price movements defy technicals, numbers and data. Before the collapse of the Lehman brothers, the market stayed strong for so long despite conspicuous evidence of a looming crisis. Another classic example is the adoption […]
All-or-Nothing: Relationships and Game Theory
What does the word “marriage” mean to you? For myself and many others, marriage is seen as the ultimate form of a relationship characterized by love and intimacy. Similar to how a relationship transforms from casual acquaintance to spouse, so too has the definition of marriage. In the past, marriage was an institution to secure […]
Colonel Blotto, Game Theory, and the Election
Colonel Blotto, in essence a simple game, may actually be able to help us in predicting the election in November. A recent Forbes article summarizes the game and its applications. Put simply, the game describes a Colonel who is waging war. He must divide his troops into a number of regions, and his opponent must […]
Playing Matchmaker for Students and High Schools
In an article from the New York Times, game theory and matching appear in the form of solving New York City’s high school application process nightmares: http://www.nytimes.com/2014/12/07/nyregion/how-game-theory-helped-improve-new-york-city-high-school-application-process.html. Before a matching algorithm by economists Atila Abdulkadiroglu (Duke), Parag Pathak (M.I.T.) and Alvin E. Roth (Stanford) was created, NYC would have students select several schools in order of preference. […]
Braess’ Paradox in Social Networks
MIT Technology Review is a global media company found at MIT which boasts in being “the first to report on important new technologies that will affect your organization, your career, your life.” This article was listed under emerging technologies; I thought this article was interesting because it applies a concept we learned onto other areas. We learned that Braess’ Paradox is […]
Game Theory Perspective on the Patent War between Apple and Samsung
Apple and Samsung are the largest producers of smart phones and tablets in the current market. However, these two firms are far from ever forming a partnership. The animosity between Apple and Samsung is deeply embedded in our modern market. Even consumers of the products partake in the war by battling to defend the honor of […]
Matching doctors to residencies and the Gale-Shapley algorithm
The 2012 Nobel Prize in Economic Science was awarded to Alvin Roth and Lloyd Shapley for their work in matching markets and stable allocations. Their work has been a great contributor to the development of the NRMP. The NRMP (National Residency Matching Program) is used to match fresh medical graduates to the optimum residency position. […]
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