Machine Learning and Auctions
Scientists have used machine learning for a myriad of different purposes, making interesting contributions in fields as diverse as medicine and art. In basic terms, machine learning refers to teaching a computer to perform a task based on providing it with training examples (Hardesty). The linked article describes how scientists from the Technical University of […]
The Pandemic is a Prisoner’s Dilemma Game
https://www.nytimes.com/2020/12/20/health/virus-vaccine-game-theory.html 2020 and the onset of the coronavirus pandemic have not only put a strain on our daily lives but have forced people to make difficult choices about whether or not it’s a good idea to go out and socialize with their friends that they normally wouldn’t have considered. According to the article, there’s […]
Friend Suggestions of Facebook
https://www.theguardian.com/technology/2016/jun/29/how-does-facebook-suggest-potential-friends-not-location-data-not-now When you sign up for Facebook, you often fill out account information in which you want to be shared with the public and also privately to Facebook. This often includes relationship status, education, past cities, and work history. Based off of this, Facebook often recommends potential friends. As well, a big part of friend […]
Global Supply Chain Under COVID-19: An Explanation with Network Structures and Game Theory
The fast-developing globalization in the past decades has increased the inter-connectedness of global businesses, especially in terms of their supply chains. Businesses seek to outsource their production to countries with cheaper costs of the factor of production to earn more profits. Meanwhile, each of the producers is more specialized, forming regional or industrial clusters of […]
Could Game Theory Help Discover Intelligent Alien Life?
Since the establishment of the theoretical framework for game theory emerged, its applications have expanded far beyond traditional games or sports. Researchers have applied the principles of game theory to topics ranging from international relations to behavioral economics, with many more diverse applications in between. In the article “Could game theory help discover intelligent alien […]
Game Theory in Oil Pricing
Source: https://tidingsmedia.org/blog/economic-analysis-of-the-oil-price-drop-using-game-theory This past week in class I watched in amusement as the professor fielded the dozens of inevitable “what if?” questions about the various game theory scenarios. Eventually, sounding somewhat exasperated, he exclaimed something along the lines of the following: “If you change the conditions then you change the game, and if you […]
Nash Equilibrium in Modeling of Complex Markets
The article “Understanding complex markets using machine learning” discusses auction theory which is a subfield of game theory used to model markets. Auctions depend on bids being submitted by several parties looking to buy product, and these parties can take an essential strategy but should be ready for the other parties to also make decisions […]
The Fear Deadlocks Put in my Heart
Marcus Johnson 10/12/21 Networks Blog Post Source: https://www.investopedia.com/articles/investing/111113/advanced-game-theory-strategies-decisionmaking.asp Recently in class we’ve been discussing game theory. Generally speaking, game theory is the analysis of interpersonal strategy in isolated situations. We’ve gone in depth about the prisoner’s dilemma specifically. I believe the prisoner’s dilemma reveals the nature of humans to self-preserve rather than employ utilitarianism. A […]
How the Swift-West-Kardashian Drama is Balanced
The Balance Theorem states that if a complete graph has the structural balance property, then that means that (i) all pairs of nodes are friends or (ii) the nodes can be split into two groups, for example A and B, where everyone in A likes each other but dislikes everyone in B and vice versa. […]
Game Theory in Season 3 of Bachelor Pad
I am a very big fan of the Bachelor franchise. One could say that it is my guilty pleasure. So, when I took economics in high school, I was very excited when my teacher said that he would be using a clip from Bachelor Pad to show our class a real-life example of game theory. […]
keep looking »