Game Theory Application in Security and Sustainability
http://teamcore.usc.edu/papers/2011/ADT11_cameraReady.pdf National security and sustainability is more recent arena for the application of game theory. As discussed in the link above, the LAX airport for instance started using security games to help randomize their security patrols in just 2007. In these two critical fields there are many uses for games to help predict human behavior. […]
Here’s how game theory helps explain Donald Trump’s strategies
https://www.washingtonpost.com/news/monkey-cage/wp/2016/06/17/heres-how-game-theory-helps-explain-donald-trumps-strategies/ This article from Washingtonpost attempts to interpret Trump’s election strategy using game theory. It starts by evaluating that Trump has lasted so far in the election partly because he combined ambiguity, as Game Theory deemed useful, with straight-on confrontation. According to the article, there are three elements of Trump’s Game Theory Strategy. Firstly, […]
Leveraging Game Theory in Parenting
Using Game Theory to finally have a moment of peace in the household; Can it be done? The answer is a resounding YES. Scientists and Psychologists have learned how children choose to negotiate, and often, with the right incentives, children reach these negotiations on their own. First we must understand why people choose to cooperate. […]
Game Theory of Asking and Granting Forgiveness
Referenced article: https://www.psychologytoday.com/blog/one-among-many/201507/game-forgiveness Forgiveness is widely viewed in a positive light. It is one of the six cardinal virtues in Hinduism, and in Buddhism it is believed to be necessary for protecting one’s mental well-being. In Christianity, it is a duty to forgive even when the receiver is undeserving, and there is even research that […]
Why Super Teams are Becoming More Prevalent in the NBA
Sports is an integral part of today’s society. While one might wonder whether athletes should be paid millions of dollars, recent data shows that NBA athletes, specifically super stars may actually be undervalued. According to the article, “ If you can’t beat‘em, join ‘em” the NBA’s collective bargaining has been in place since 1995. As […]
eBay Bidding Strategies
Online auctioning through eBay uses three common strategies including maxing, increments, and sniping. The maxing strategy is bidding the maximum price in the beginning of the auction without referencing the price made by other bidders. The increments strategy is increasing bids in small augmentations until reaching the maximum. Sniping is holding off until the end before […]
Republican Candidates’ Prisoner’s Dilemmas
http://www.cnn.com/2016/04/24/politics/ted-cruz-john-kasich-join-forces-to-stop-donald-trump/ The article is about then Republican presidential candidates Ted Cruz and John Kasich’s decision to join forces in the president race in attempt to overtake Donald Trump. Although they were the second and third place candidates, they knew that they would not be able to individually pull enough delegates to become the GOP nomination. […]
Power in numbers, weak tie strength
http://isites.harvard.edu/fs/docs/icb.topic980025.files/Wk%2011_Nov%2011th/Gladwell_2010_Small_Change.pdf The theory of strength in weak ties argues that social ties connect individuals to new sources of information and opportunities. An individual may not only have access to resources found through one simple connection, but also to resources in the span of their social network. By shedding light on the differences between strong and […]
Braess’s Paradox in Basketball: The Ewing Theory
In the mid-90s, ESPN analyst Bill Simmons and his close friend Dave Cirilli made a pretty surprising observation: the New York Knicks seemed to play much better when their superstar center, Patrick Ewing, was out with either an injury or some type of foul trouble. In a 2001 ESPN.com article, Simmons describes what he considers is the […]
Game Theory is being used to Accurately Predict Political Changes
http://www.economist.com/node/21527025 This article from The Economist is about Bruce Bueno de Mesquita, who uses game theory to successfully make predictions about large-scale political situations. He predicted the downfall of Hosni Mubarak and Pervez Musharraff, as well as Ayatullah Khomeini’s successor. He uses computers to simulate the decisions and utility functions of each party who plays an […]
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