Six Degrees of Social Distancing
In lecture, we learned about Graph Theory and more specifically about how people throughout the globe are connected by the “small world” phenomenon. As part of this discussion, we covered how people are generally six social connections away from others, which is known as Six Degrees of Separation. This concept was turned into “six degrees […]
The Global “Prisoner’s Dilemma” of Crypto.
With exponential buzz surrounding cryptocurrencies, many individuals have begun seeking investments in such currencies with hopes to rack in a fortune or simply hedge against inflation. As a result, we have recently seen these currencies enter another “bull-run” with all the major crypto’s trading at a higher than typical volume level. As a result of […]
Portrayal of Human Nature in Game Theory
The recent lectures have been about game theory and its related concepts. Game theory explains that when one is making a decision, unconsciously or consciously, one considers multitude of factors, which includes not only what the person wants, but also how choices one makes would impact those that one is interacting with. A famous example […]
Captain America vs. Iron Man, The Superhero’s Dilemma
Sometimes superheroes must make the toughest decisions. For us students, it could be a game between a late assignment and a failed exam. For superheroes, it could be a game that’s the difference between life and death. Heroes are the safeguards to protect the little guy or to save thousands of lives from supernatural incidents, […]
Game Theory and the COVID-19 Vaccine Rollout Puzzle
Article: https://www.rand.org/blog/2021/03/how-game-theory-could-solve-the-covid-19-vaccine-rollout.html The U.S. has been dealing with adjusting with the aftermath of the COVID-19 pandemic and in an effort to return back to normalcy, the rollout of COVID-19 vaccines has become increasingly more important. In theory, getting as many citizens vaccinated as possible seems like a straightforward task; however, there have been logistical issues […]
A Prisoner’s Dilemma of Covid-19 Restrictions
The US is constantly in debate about how to proceed with COVID-19 regulations. As states begin to strongly vary in their legislation regarding stay at home orders, vaccine and mask mandates, and gathering restrictions, the line between right and wrong can become blurry. While increasing or maintaining various mandates is necessary to maintain the spread […]
Listing Services and Game Theory/Braess’ Paradox
https://www.forbes.com/sites/forbesbusinesscouncil/2021/09/14/game-theory-of-listing-services/ Marketing for real estate has become an oligopolized industry due to the growing prevalence of apartment listing services. The general structure of the business model for these apartment listing services is to use the free cash flow they have—generated from real estate companies and listers using the service—to promote their service even further on […]
Game Theory in School Admission as a Matching Problem
In class, we have extensively discussed matching markets and the problems of making satisfactory matchings. Matching markets can also exist as two-sided markets where each agent has a list of matching preferences for the agents of the other class. Realistically, many real-life matching markets involve preferences, such as the hospitals and residents matching problem. One […]
Using Game Theory to Understand Machine Learning
Machine learning is a prominent field of computer science. It helps in creating human-like intelligence in several day-to-day products to automate actions. On the other hand, the Game theory is a field of mathematics to understand the behavior of different players in a particular setting with some constraints. It can be used to improve and […]
Braess Paradox Applications
In class we recently discussed the idea of the Braess Paradox. The phenomenon where when a road is added to a network, it can actually slow down overall traffic flow through the network. I found the following article discussing this paradox. I really liked this article because it helped explain Braess Paradox through the lens […]
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