Is being a “rude” driver better for traffic?
Source: https://www.nytimes.com/2016/10/13/us/why-last-second-lane-mergers-are-good-for-traffic.html If you’ve ever merged into a highway, you might think that merging as early as possible is the safest and nicest option to do. Merging early removes the possibility of not being able to merge at the end of the road, and isn’t as rude as cutting off people in front of you. So […]
Game Theory is applicable to my life????
https://www.businessinsider.com/how-to-use-game-theory-to-your-benefit-2012-4#to-make-money-in-the-markets-3 Often times we learn things in class that we feel will never apply to our lives but Game theory is not one of these things. Although Game theory can be used to analyze larger situations, it can also be used to improve our daily lives and end up with the best possible outcome in […]
Why Do Competitors Open Their Stores Next To One Another?
Source video: https://www.youtube.com/watch?v=jILgxeNBK_8 This very informative and interactive Ted-Ed video uses the principles of game theory and Nash equilibrium to help explain why competitors often open their stores next to one another. Many people do not understand how this decision can possibly benefit both parties. Ultimately, Hotelling’s Model of Spatial Competition and the principles […]
How does Spotify Know You So Well?
https://medium.com/s/story/spotifys-discover-weekly-how-machine-learning-finds-your-new-music-19a41ab76efe Spotify has become one of the largest music streaming services and much of their success is due to their specifically tailored playlists. Not only does Spotify allow users to build their own playlists, but Spotify connects users with their friends and provides new music suggestions based on three recommendation methods that use social and […]
Game Theory in International Trade
[ http://feaa.ucv.ro/RTE/010-18.pdf ] One of the hot topics of the 2016 political season was trade and its role in the American economy. International trade is a very complex subject, but it comes from a view that seeks to maximize certain aspects that are defined by its proponents as desirable. Its proponents say that delivering goods at […]
Examining how the Washington Redskins should have handled the Kirk Cousins Contract Situation from a Game Theory Perspective
When the Washington Redskins selected Quarterback Kirk Cousins from Michigan State University in the 4th round of the 2012 NFL Draft, no one ever anticipated Cousins becoming one of the National Football League’s (NFL) highest-paid quarterbacks (as well as one of the best, I would say he is in the lower half of the top […]
Comcast and Fox goes Head to Head in Blind Auction
https://www.cnbc.com/2018/09/17/comcast-and-fox-on-course-to-settle-pursuit-of-sky-with-blind-auction.html Comcast and Fox to settle battle for Sky with a Blind Auction. Giant U.S. media companies, Comcast and Fox, are both looking to acquire British broadcaster, Sky. Acquiring Sky means an opportunity to diversity outside of North America and reach oversea consumers directly. Sky is thought to have 23 million customers across Europe and […]
The Game of Death, What Contagious Diseases have to do with John Nash
https://phys.org/news/2018-09-game-theory-disease-outbreaks.html Amidst recent outbreaks of Ebola, Malaria, and Zika, Governments and Disease control agencies are searching for a best practice of containing deadly diseases. In today’s world, with the whole planet becoming more and more connected with international flights, the internet, and general ease of communication, it is more important than ever to have a […]
Game Theory in the anime Death Note
Death Note is centered on Light, a high school boy who possesses a mysterious notebook that can kill anyone whose name is written in it, and L, the best detective in the world who is chasing the culprit behind all the mysterious deaths happening in the world. One of the most perplexing scenes in the […]
The Game Theory Behind Every Coaching Decision in Football
In a sports game, players must choose their next actions precisely and wage their bets on a certain move working hoping the opposing team does not see it coming. In football, if an offense intends on running the ball to the right, and the defense also prepares for a run to the right, then the […]
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