Health and Social Behavior of Inmates in Prison Unit
One of the very first example of social network the professor brought up in class was the graph representing friendship within a 34-person karate club. As anthropologist Wayne Zachary pointed out in his study, there are interesting questions and nuances one can spot from documenting each member’s relation in a networks graph representation. As the […]
The Dynamics of Viral Marketing (2007) – The Better Remix
This publication by Leskovec, J., Adamic, L. A., and Huberman, B. A analyzes how viral marketing works and its effectiveness among differently-sized groups. They conclude that repetitive word-of-mouth marketing does not prove too influential in the long run among large social networks, but rather smaller, tighter-knit communities provide a better sales outcome. The problem with […]
Game Theory on Supermarket Chains
The unpredictability aspect of Game Theory is interesting because players have to exhaust the information and resources they already have in order to make a decision that could determine the players’ future success. Anyone investing in the stock market or even companies becomes a player in the finance world. These investors invest, hoping to generate […]
Guns, Germs, and Game Theory
One of my favorite books, Guns, Germs, and Steel, written by Jared Diamond, explains the course of history through various different lens like biology, geography, and sociology. Diamond uses the intersection of several subjects to review history and really determine why the course of history fanned out that way. From analyzing the resources that the […]
Systemic Risk: Networks in Financial Markets
As capital markets have expanded over the last 40 years, industries have seen a shift from the managerial model of business to the financial model. This phenomenon, known as financialization, involves the fragmentation of companies into financial assets to buy and sell to other companies. Related is the concept of globalization, in which companies begin […]
Game Theory and Two Team Parlays
As sports betting becomes legal in more states across the US, betting has emerged as a major part of sports. It is a massive industry that allows fans to have more engagement in the games they watch, as well as have the hopes of making money off of their presumed knowledge of the games. One […]
How Game Theory Relates to The Consequence of the Collapse of Archego
On March 26, one of the most shocking events in the Finance industry appeared in the headlines of major news publications. Investors around the world learned that a company called Archegos had defaulted on loans that were used to build a $100 billion investing portfolio. Before that day, only a few people know Bill Hwang, […]
The Schelling Point
Thomas Schelling, a game theorist who received the Nobel Prize in Economic Sciences in 2005, was the one who minted the term ‘salami slicer’ to describe a strategy used in politics, the military, and journalism to this day. ‘Salami slicing,’ or ‘salami tactics,’ is essentially a strategy that oversteps boundaries. Schelling likens it to a […]
COVID-19’s Influence on the Strength of Weak Ties
Within our social world, we have an inner circle, which are people you are the closest with, and we have an outer circle which is your acquaintances. This translates to Mark Granovetter’s idea of “Strong and Weak Ties”, a concept that is very important when determining connections. The article attached below provides insightful commentary on […]
AI Applications in Auction Theory
Auction theory is a widely studied topic, with bidders desiring optimal bidding strategies and auction owners seeking to capitalize on the likelihood of these strategies. When analyzing most single-item auctions, the optimal strategy is fairly simple: bid the amount that you think the item is worth. However, when considering auctions of multiple items, optimal strategies […]
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