Kidney Donation and Game Theory? The Unexpected Link
Who knew that game theory has useful and relevant medical applications? The amalgamation of economics and medicine fused by Alvin Roth created a kidney donation system that revolutionized medicine. Fostered in New England, his program utilized core principles of the game theory. The system allowed for the pairing of patients and donors through a computerized […]
Using Game Theory to Distribute Materials to Disaster Victims
http://theconversation.com/response-to-natural-disasters-like-harvey-could-be-helped-with-game-theory-83125 As the number of natural disasters in the world is increasingly rapidly, disaster relief organizations, including nongovernmental organizations, are faced with the challenge of providing supplies to victims in an efficient and timely manner. Stakeholders believe that humanitarian aid has not maximized its success to deliver goods and services because of the lack of […]
American Political Divide through the lens of Game Theory
Article link: https://www.bloomberg.com/view/articles/2017-09-08/a-game-theory-solution-for-a-fractured-america This article addresses the lack of bipartisan unity in the United States today through the lens of game theory. The author breaks down the country’s population by race and proceeds to describe the differing fertility rates by race. Additionally, the author remarks on reduced Hispanic immigration, reduced non-white birth rates, and slowly changing […]
The Intersection of AI and Day Care
Technology being developed at Kyushu University in Japan in collaboration with Fujitsu Laboratories uses artificial intelligence to match children to daycare centers. “Using this technology, a complicated daycare admissions screening that had previously required several days by hand took only seconds.” The matching process is difficult as there is never a perfect match which led […]
Game Theory in Game of Thrones Season 1
The given article debates whether the political scenarios present in Game of Thrones, represent a zero-sum game, i.e. a game in which there can only be one winner and one loser and their payoffs all add up to 0. The article quotes a famous line from the show’s antagonist Cersei Lannister to the show’s initial […]
Game Theory Sheds Light on the Political Divide
Tension in the political sphere is currently at a peak, and it does not look like there are any signs of it decreasing. Partisan polarization hinders many changes and developments in the government from taking place, namely in the tax and healthcare systems. Noah Smith of Bloomberg News raises an intriguing argument that theories from […]
Game theory in North Korea nuclear threat
Reference: https://fivethirtyeight.com/features/how-to-win-a-nuclear-standoff/ The recent conflict between North Korea and the US about nuclear weapons is a great example of the game theory which is discussed in the lecture, especially a Hawk-Dove example. Though the Hawk-Dove example discussed in the class seems to be pretty simple and a Nash Equilibrium does exist, it becomes much more […]
UPS’s Routing Strategy & Driver’s Dilemma
As a leading company in the field of logistics, UPS has adopted a vehicle routing system that helps cut down fuel consumption, pollutant emission, and travel time for their vehicles on the road. Such navigation system is known for an interesting strategy of nearly never making a left-hand turn. By almost always favoring right-hand turns, […]
Since 1980, the yearly number of natural disasters has more than doubled. Oftentimes, these disasters leave many people homeless and without resources, so it’s important that relief organizations maximize their efforts when responding to such events. This is especially true recently, with Hurricane Harvey wrecking Texas, Hurricane Irma pummeling the Caribbean, and an 8.2 magnitude […]
Brexit from a perspective of Game Theory
https://seekingalpha.com/article/4104319-game-theory-early-brexit-discussions-destined-fail?page=2 This article describes several key aspects of the negotiations between Britain the European Union and how the results of the negotiation would impact on the financial markets pertaining to fixed income, FX (Forex), equities, and market volatilities in general. It points out that the EU recently announced its stance toward the sudden decision of Britain […]
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