Recent Surge in Sports Cards Value Results in Record Breaking Auction
All of us sports fans remember way back when we were kids, the feeling of ripping open a card pack potentially filled with our favorite players. Whether it be baseball, football, basketball, soccer, or any other sport, the feeling of revealing the player you idolize from a pack was invigorating and encapsulating. With Covid-19 decimating […]
Nobel Prize in Auctions
https://www.nobelprize.org/prizes/economic-sciences/2020/press-release/#:~:text=share%3A%201%2F2-,The%20Sveriges%20Riksbank%20Prize%20in%20Economic%20Sciences%20in%20Memory%20of,inventions%20of%20new%20auction%20formats.%22 A few days ago, two professors at Stanford University won the Noble Prize for their work on something we are very familiar with in this class: auctions. Paul Milgrom and Robert Wilson worked together to analyze and better understand auctions that have common values or common and private values. A common value auction means […]
Constitutional Hardball as a game
https://www.theatlantic.com/ideas/archive/2020/10/skeptic-case-court-packing/616607/ The article discusses Constitutional Hardball in the role of appointing Supreme Court Justices. Constitutional Hardball is the phenoma of political parties breaking with tradition and using (constitutional and legal) power available to them that used to be left untouched. The author is discussing the rationale behind supporting for Democrats expanding the Supreme Court. The […]
Freddie Mac Announces $534 Million NPL Sale
Freddie Mac was chartered by Congress in 1970 to keep money flowing to the US housing market. Today, they continue to build a more sustainable and affordable US housing finance system by providing lenders with liquidity, and investors with innovative ways to invest in the US housing market; they purchase mortgages from lenders daily, bundle […]
Prisoner’s dilemma in reopening states during the pandemic
https://www.stanforddaily.com/2020/06/21/a-covid-19-prisoners-dilemma/ The current pandemic has caused all of us to make unexpected decisions and drastically change our lifestyles. This article discusses some of the decisions that have been made and how they can be modeled as the prisoner’s dilemma. Some states have imposed laws closing down businesses and ordering residents to stay at home. […]
How many friends can we really have?
https://www.newyorker.com/science/maria-konnikova/social-media-affect-math-dunbar-number-friendships The Limits of Friendship by Maria Konnikova Robin Dunbar, an anthropologist and psychologist and the University of Oxford, came up with a series of numbers that the average person could have in her social group. The number of casual friends, for example, is 150. The number of close friends is 50. What’s more interesting is […]
Social network-based distancing strategies to flatten the COVID-19 curve in a post-lockdown world
https://www.nature.com/articles/s41562-020-0898-6 Our class has a clear focus in networks, crowds, and markets. It’s crosslisted in the departments of information science, sociology, and economies. There’s a multi-disciplinary application to the many problems and concepts that we go over. The very first concept that we went over was graphs. In my opinion, it’s one of the […]
Game Theory in Hurricane Support
This semester, I am studying from home in Gulf Coast Florida. About 2 weeks ago, we were hit by Hurricane Sally. The entire week before and after Sally directly passed our area, heavy rain and wind pounded our window day and night. The night the hurricane actually hit, our phones vibrated multiple times throughout the […]
Foot Traffic During the Age of COVID
https://www.sciencedirect.com/science/article/pii/S2590198220300968 This research paper provides a mathematical analysis of foot traffic in an academic building in the time of COVID-19. Three assumptions are made: the risk of infection is correlated to exposure rate and time, exposure rate goes down as distance increases, and small exposure to a large group is seen as the same as […]
Using Game Theory to Battle Wild Fires
Wildfires have become all too common in the United States. Being from California myself, I have witnesses wildfires become an anual concern as they consistently cause enormous damage to my neighboring communities. This year, California has witnessed especially devastating wildfires. This season alone, almost 4 million acres have been burnt in the state, 96,000 residents […]
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