Kidney Exchange in Matching Markets
Source: https://qz.com/421547/nobel-prize-winner-alvin-roth-explains-the-hidden-economics-behind-tinder-marriage-and-college-admissions/ As discussed in the class, in a Matching Market, people would reveal their preferences among the choices being provided to them. However, they might not get their very first choices even the prices are affordable — it is a two-way choice system. In the article “The hidden economic rules behind Tinder, marriage, kidneys, […]
Nash equilibrium and climate change
https://medium.com/nori-carbon-removal/how-to-break-the-climate-change-nash-equilibrium-f4ca3354cb8b Climate change has been an increasing concern for the last few years as global temperatures, CO2 emissions and pollution continue to rise. However, there has been little reform due to the fact that one country or one area reducing their carbon footprint is not a dominant strategy and does not encourage other countries to […]
How Game Theory Can Help You Parent
Link: https://aeon.co/ideas/how-game-theory-can-help-you-do-a-better-job-of-parenting In this article, Paul Raeburn writes about various aspects of parenting, such as the need for fairness and making children cooperate, and how a parent can guide their decisions through game theory ideas. We can view cooperation between children as a real-world example of the extended prisoner’s dilemma, in which children have […]
Climate Change, CO2 and Prisoner’s dilemma
https://wattsupwiththat.com/2015/02/08/why-reducing-co2-emissions-is-like-the-prisoners-dilemma/ We’ve spoken about the applicability of prisoner’s dilemma in several real-world instances – from business to politics. The game theory concept plays out in several instances involving altruism and detrimental consequences. And it doesn’t always require two players – we can extend it to several stakeholders. One such global problem which involves several […]
Spain vs Catalonia: A Game of Chicken
https://globalriskinsights.com/2017/11/game-theory-chicken-catalonia-crisis/ In the article Marc Hernando Santacana analyzes the current conflict between the Spanish government and Catalonia, a region in the northeast of Spain. After years of trying to gain independence, the Catalonian government called for a referendum, which led to the imprisonment or exile of many politicians. Marc Hernando Santacana relates the whole […]
The ‘prisoner’s dilemma’ facing fashion retailers
Black Friday is a national holiday across the USA. Black Friday is known to kick off the christmas season of shopping by promoting stores having sales, but for one day only. It is a tradition in my family to wake up at 6am the day after thanksgiving and drive an hour away to one of […]
Game Theory Analysis of Basketball’s Deep 3-Point Shot
In the game of basketball, there are three classes of shots: a 1-point free-throw, a 2-point shot, and a 3-point shot. Free throws can only occur while the ball is not in play. While the ball is in play, a player can choose between attempting a shot outside the 3-point line to earn 3 points […]
Game theory in WWII
http://myslu.stlawu.edu/~nkomarov/450/AmberPaper.pdf One can see the manifestation of Game Theory across many disciplines and domains, be it entertainment or analyzing sports strategies. One particularly interesting application of the game theory can be seen in military strategizing. In this post, I will explore how we can see game-theoretical decision making in the Battle of the Bismarck Sea, […]
The Dark Knight, The Joker, and Game Theory
This article connects the concept of game theory with the mind of “The Joker”, specifically in the Dark Knight Trilogy. There are many scenes in The Dark Knight that reveals the true nature of The Joker which is that he always thinks with a Game Theory-esque way. For example, in the opening scene of The […]
Trump’s 3D Chess
This article, written by Chauncey Devega, details the relationship between the President’s erratic behavior and the concepts behind game theory. He breaks down different forms of game theory, and how the risky and varying behavior displayed by Trump can be exemplified through game theory. Devega treats the realm of politics as the game, and the […]
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