Rigged Auctions? Why Top Bidders Don’t Always Feel Like Winners
https://www.gsb.stanford.edu/insights/rigged-auctions-why-top-bidders-dont-always-feel-winners This article describes issues that arise from dishonest sellers in second-price auctions. Advertisements are auctioned off to advertisers who suspect they are being cheated by auctioneers. In second-price auctions with sealed bids, there is nothing enforcing honesty. Thus, auctioneers can easily report the second highest bid as something greater than the actual bid and […]
Why Ebay’s “Buy It Now” option has become more popular than its auctions
On “Auction vs. Fixed-Price: How to Choose an eBay Listing Format” by Aron Hsiao for the balance small business https://www.thebalancesmb.com/choose-ebay-listing-format-1140527 eBay has evolved from an auction-only selling platform to a site that allows people to “buy it now” in addition to bidding in auctions. For sellers though, it seems the “buy it now” option […]
Secret Hitler Game Theory: Testing the Chancellor
https://secrethitler.tartanllama.xyz/ Preface: Secret Hitler is a secret identity and social deduction board game. Played by 5 to 10 players, Secret Hitler assigns each player to either the fascist (bad) or liberal (good) team. The fascists win by playing 6 fascist policies and the liberals win by playing 5 liberal policies. During each round of play, […]
Neural Networks in Artificial Intelligence & Game Theory for Deep Learning
In recent years, there have been vast improvements in artificial intelligence, specifically aided using neural networks to achieve more human-like capabilities. The artificial neural networks mimic real biological neural networks as the nodes of information are connected in a directed network, with sending and receiving signals. Where a biological brain sends messages to the cells […]
Game Theory vs. Crime
Link: https://engineering.vanderbilt.edu/news/2014/game-theory-can-help-predict-crime-before-it-occurs/ Crime will soon be a distant memory. Referencing the movie Minority Report, this news article on the team’s research states their goal is to predict crime and be prepared to stop it, just like in the film. This seemingly far-fetched achievement is already being put into practice. At Vanderbilt School of Engineering, a […]
Facebook vs. Banks: Matching and the Payoff Matrix
Link to the news article: https://www.wsj.com/articles/facebook-sought-access-to-financial-firms-customer-data-1537263000?mod=hp_lead_pos6 In the article “Facebook and Financial Firms Tussled for Years Over Access to User Data”, the authors AnnaMaria Andriotis and Emily Glazer describe how concerns over user privacy has caused financial firms to resist granting Facebook access to users’ sensitive financial information. This article illustrates how Facebook uses personal […]
CEO’s Defense on Pricing of New Apple iPhones
Apple has been at the forefront of innovation since its release of the first iPhone ten years ago. After creating 18 models, the company has recently developed three more, the XS, XS Max, and the XR. As the technology and capabilities for these phones have advanced, the prices have risen exponentially as well. When the […]
Tangle and Blockchain: changing our Data Netorks
https://www.mycryptopedia.com/iota-explained/ Data is the new gold with companies spending billions of dollars to gather, sort, and utilize this data to better serve customers and ultimately to profit. The way in which this data moves is transforming and currently requires a great deal of computing power to not only store this data but also to send, […]
Divisive, or Critical: Structural Holes
Link: https://www.wsj.com/articles/to-shatter-the-glass-ceiling-dont-force-it-1536379201?mod=searchresults&page=1&pos=1 Source Commentary: “To Shatter the Glass Ceiling, Don’t Force It” by John D. Stoll appeared in the Wall Street Journal on September 8, 2018 in the Business: On Business section. Searching the internet for articles on game theory yields a number of surprising results, but, perhaps unsurprisingly, most are concentrated in […]
Game Theory: Match throwing in badminton
Link: In the 2012 Summer Olympics, there was an interesting phenomenon in which the badminton players decided to purposely play poor shots into the net in certain games in order to lose the game. For that year specifically, Badminton used the model from other Olympics sports and divided the matches into rounds: first, all players […]
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