Prisoner’s Dilemma of Turning Left or Right
https://theconversation.com/why-ups-drivers-dont-turn-left-and-you-probably-shouldnt-either-71432 UPS, one of the largest parcel companies in the United States, is known for their brown colored trucks and uniforms. However, what they’re not known for, and should be, is the way that they save gas. Like a lot of parcel shipping companies, UPS is always looking for ways to reduce costs and […]
Prescription Drug Pricing and Game Theory
https://www.nytimes.com/reuters/2017/09/15/business/15reuters-usa-healthcare-drugpricing.html Over the past couple years, prices on prescription drugs have increased dramatically. According to the article, the price of two heart medications have gone up 720% and 310% since 2015. The price of EpiPens was multiplied by 6 from 2008 to 2016. However, Maryland is introducing a new price – gouging law to try […]
Elephant Poaching Explained by Game Theory
Elephant poaching has been a longstanding issue, but possible solutions have been sparse. However, it is planned to have a domestic ivory trade ban in China by the end of 2017. There has been much speculation about whether this ban would actually have much effect at all on underground trade, and the author of the […]
A Network of African Wild Dogs
link: https://www.mnn.com/earth-matters/animals/blogs/wild-dogs-vote-sneezing Humans around the world have come up with different ways to make decisions as a group. We can vote by raising our hands, by ballot, electronically, or by shouting “aye.” Similarly, most social animals also have some sort of method to exercise democracy. For example, honeybees vote with headbutts, and herds of red […]
The Prisoner’s Dilemma is Confounding the Housing Market
Article: http://thehill.com/blogs/pundits-blog/economy-budget/335339-how-the-prisoners-dilemma-explains-the-perplexing-housing This article describes how the prisoner’s dilemma plays out in the current housing market in terms of the decisions made by homeowners about whether or not to sell their houses. It explores how the prisoner’s dilemma is a reason more homeowners are not opting to sell their houses. One thing that makes the […]
One Step Farther Away from Freedom—Networks Theory Facilitating Social Influence
Hacking the System of Social Influence: how can we use the mechanics of influence to drive behaviour for public good? As digitalization seeps more and more thoroughly through our lives, the information that we receive and interact with can be manipulated more easily than ever. That Facebook and Google track our every move online […]
How To Win A Nuclear Standoff: Game Theory Applied To The U.S. And North Korea
https://fivethirtyeight.com/features/how-to-win-a-nuclear-standoff/ This article from the statistical analysts at FiveThirtyEight.com offers a relevant analysis using game theory concepts like those we discussed in class to explain some of the strategies underlying the rapidly intensifying nuclear tensions between the United States and North Korea (Democratic People’s Republic of Korea). The use of game theory in planning for […]
Using Game Theory to Improve Education
In 2003 Tila Abdulkadiroglu, Parag Pathak, and Alvin E. Roth were invited to help develop an algorithm that would solve the High School matching process in New York City. One may think “how bad did this problem have to do be to call in three experts of game theory to help solve it?” The answer […]
Tension in Korean Peninsula and Game Theory
Game theory in conflict between countries has been an interesting topic for years. Cold War was tension between the United States and the Soviet Union, and citizens in both countries had to suffer from fear of death. A notion that the counter-party may attack with nuclear weapons makes the other to prepare a possible war […]
The Strength of Youth Political Thought Empires
The United Nations published a booklet called the “Youth Civic Engagement” which outlines the various forms of political activism in the digital world for young people. https://dam-prod.media.mit.edu/x/2016/10/20/Graeff-un_world_youth_report_youth_civic_engagement-excerpt.pdf Touching on the topics of digital political participation, networked protests, and slack activism, this piece summarizes each of these areas. Tying these ideas together, it can be said […]
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