The Game Theory behind the Deep 3 in the NBA
https://fansided.com/2018/07/31/nylon-calculus-game-theory-deep-3/ This article was a fascinating read on the game theory behind shooting the deep 3 in basketball. In basketball, a player can shoot from anywhere on the court. A made basket counts for 2 points normally or 3 points if it is shot from behind the 3-point arc. In this age of basketball, teams […]
Bias in Google Searches
https://www.wired.com/story/google-algorithm-conservatives-biased-its-just-not-human/ This article summarized a congressional hearing regarding the bias of Google search results. Because Google is so unanimously used, one big concern that quickly arises is how political information is presented. In specific, the Congressional committee asked multiple questions regarding how Donald Trump is portrayed by Google – specifically remarking at one point how […]
Potential Cost of Individualistic Behaviors
Resource: http://www.thelondonglobalist.org/how-game-theory-affects-your-everyday-life/ The article uses Nash equilibrium with the example of the prisoner’s dilemma to refute Adam Smith’s statement: “individuals, by pursing their own interest, were maximizing the collective welfare of society as a whole”. The example of prisoner’s dilemma given in the article clearly demonstrates that the best responses for both burglars, also known […]
Responsive Ads, Matching Markets, and Online Advertising
https://marketingland.com/responsive-ads-come-to-facebook-with-multiple-text-optimization-270013 Following a similar move by Google last year, Facebook has introduced responsive ads for their advertisers. What this means is advertisers will be able to submit multiple copies of the same ad and Facebook’s algorithms will display the copy deemed most effective. Different headlines, bodies and descriptions will be available and tailored to the […]
Blind Bids in the Film Industry
https://www.jstor.org/stable/1928302 “Blind Bidding for Motion Pictures” by Martha A. Blumenthal Blind bidding has been a source of controversy in the film industry, causing movie exhibitors (theater owners) to seek legislation requiring distributors (sellers) to pre-screen films before auctions. Nash equilibrium simulations suggest that distributors may experience losses without previews. In many auctions, buyers are unaware […]
Analyzing Naval Ship Design with Graph Theory
Large ships are incredibly complex systems with many subsystems interacting at all levels. The performance and safe operation of ships is dependent on these systems running stably and not interfering with each other. This is especially true for naval vessels, which have the added challenge of having to consider these subsystems as active targets to […]
What to know about Google’s implementation of first-price ad auctions
Google’s rollout date to shift from second- to first-price auctions for Google Ad Manager was scheduled to take place on September 10th, 2019. While most independent ad exchanges made the shift from second- to first-price auctions about a year ago, Google’s Ad Manager will be the last major exchange to switch to first-price auctions. Switching […]
Information Cascades in Revolutions and Riots
https://voxeu.org/article/riots-and-revolutions-digital-age This article explores various studies of how rioting and revolutions emerge in populations. The authors make the claim that information cascades are major contributing factors in the escalation of these events due to their need for massive numbers of participants. One example given was the 2011 English riots, where large scale looting and arson […]
Why does isolation of North Korea benefit China? – From the Perspective of the Network Exchange Theory
For decades of years, North Korea has been isolated from international economy both willingly and unwillingly due to its national isolation policy and the sanctions posed by UN, especially by the United States because of the issues such as dictatorship, endless research and testing for nuclear weapons, communism, etc. Whatever the reason was, long years […]
Hulu switches to first-price auction bidding for its advertisement services
https://adexchanger.com/digital-tv/hulu-moves-to-first-price-auctions-for-its-ott-inventory/ Hulu is an online video streaming service akin to Netflix. Hulu has for a while had a different business model than its main rival, Netflix. The main reason for Netflix’s rise was its ability to stream movies and TV shows without any commercial interruption for a subscription cost. This business model has been […]
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