Game Theory and Canals
This article discusses how game theory relates to the Suez and Panama Canals. These two canals are competing for customers, resulting in the Prisoner’s Dilemma, which can be seen through infrastructure improvements and pricing. Through the Prisoner’s Dilemma, each canal must try to achieve the best response to each other, not only to make money […]
Information Cascades in the 1500’s
With the spread of social media, information travels at an unprecedented rate these days allowing us to see what and when our friends are doing constantly. As a result of this, we are constantly influenced by what our friends are doing and are able to make decisions based on their actions. This in turn leads […]
Evolutionary Game Theory Applied to GCSM (Green Supply Chain Management) in China
Researchers Yihui Tian, Kannan Govindan, and Qinghua Zhu created a model representing the Chinese auto industry “supply chain”, the sequence of processes involved in the production and distribution of a commodity, using system dynamics and evolutionary game theory. Taking into account the government, manufacturers, and consumers, the three forces they listed that affect the supply chain, […]
Reaction to cascade effect on the election
There has been much talk about the popularity of Donald Trump during the election being due to a cascade of information, or misinformation, propagated through social media just prior to the election. This is a discussion about what to do about it. In the interest of making this discussion palatable to a wide audience of […]
Networks
The Generalized Second Bid is interesting, and something we learned in class. However, can it be applied to ad space? When utilizing a search engine, you have ad space that ultimately contributes to the majority of “google’s” revenue. GSP is used to price and select the ads for whatever page for whatever search engine. In […]
Substance Abuse as a Cascade Model
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3625617/ What factors influence an individual to abuse cigarettes, marijuana, and alcohol? Is it possible to predict the risk of an individual abusing drugs given personalities, childhoods, academics, or social relationships? A group of researchers from the Johns Hopkins Bloomberg School of Public Health attempted to address this topic by following 678 urban, primarily […]
Evolutionary Stability in Relation to Populations in Nature
Nowak, Sasaki, Taylor, and Fudenberg argue in this article that a single individual using a cooperation strategy such as “tit-for-tat” (TFT) can infiltrate a finite population of individuals who always defect (A||D) in a repeated prisoner’s dilemma type situation. In TFT, an individual cooperates the first round and then does whatever the other player did […]
Video Advertising
In today’s day and age, we are constantly surrounded by advertising, in real life and on the internet. According to the article listed below, video as a medium is the fastest-growing advertising category. Revenue from these advertisers allows people to convert their hobbies of creating and posting videos into an actual livelihood and a source […]
Using Networks to Analyze Basketball
https://www.wired.com/2012/12/basketball-network-analysis/ Basketball is my favorite sport. The fluidity of the game and the constant switching of momentum makes the game unpredictable. The spectator never knows exactly what is going to happen. Recent progresses in analytics and modeling, however, make predicting the outcome of a game more and more feasible. This feat is made possible by […]
Modernization of Japan and Cascading Behavior
http://www.e-ir.info/2013/11/04/chinese-and-japanese-responses-to-the-west-during-the-19th-century/ http://www.slate.com/blogs/quora/2013/12/31/japan_s_19th_century_modernization_why_did_the_country_end_its_isolation.html Chapter 19 discusses the diffusion of ideas in which a person will switch to a certain behavior if a certain fraction of their neighbors have adopted the behavior. If countries could be thought of as these singular nodes and their neighboring countries as their sources of influence, the ideas of diffusion in networks […]
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