A Look At The Game Theory of Bitcoin
According to the lectures in class, the concept of game theory is extended and applicable to many real-life scenarios in the world of economics In the article “A Look at The Game Theory of Bitcoin”, by Jeremy Garcia, he attempts to explain and further analyze the payoffs of the current global situation between […]
Businesses Use of Social Networks Amidst the Covid-19 Pandemic and Beyond
Following the Covid-19 pandemic, businesses have been trying to develop new ways to connect to consumers in a world where physical interaction has become limited. This article discusses how many companies have shifted their attention to developing a social media presence as a means of communication with clients. This social networking approach has numerous advantages. […]
A Game Theoretic Analysis of the Conflict Over Iran’s Nuclear Program
Iran has been pushing forward with its nuclear research program for the last century causing global suspicion and concern. As a results Israel and U.S. attacks on Iranian nuclear facilities have come into consideration. The basic game theory is that if either attacks Iran, Iran could retaliate. Therefore, any attacker has to consider an Iran’s […]
Game Theory and Vaccine Distribution Inequality
Though the current pandemic is a global issue where socioeconomic status should not matter, the distribution of COVID-19 vaccines between wealthy and poor countries is continuously widening. As learned during lecture, game theory is a valuable tool for predicting human behavior and decision making to improve a larger system. In the article “Rethinking Global Vaccine […]
Matching Markets and the College Admissions Process
One of the driving forces behind matching markets is an individual’s self-interest, determining whether they should bid a certain value for a certain good, seeing what their potential outcome can be, and understanding how to maximize their payoff. Every year, high school seniors experience an arduous few months, potentially extending into the entire year, in […]
Game Theory and the Growth of Bitcoin
Article: https://www.nasdaq.com/articles/a-look-at-the-game-theory-of-bitcoin-2021-09-13 The rise of Bitcoin and its leader as a source of cryptocurrency has been interesting, and some can even call it inspiring. This Nasdaq article outlines the uphill battle Bitcoin faces as it competes with the “world’s most powerful players”. Twelve years ago, when Bitcoin was first created, it started building its […]
Misinformation Networks and the Importance of Connectivity
Misinformation on social media has become a topic of great concern since the 2016 U.S. presidential election, and it is especially relevant with the emergence of the COVID-19 pandemic. Platforms like Facebook and Twitter are faced with the responsibility of regulating the spread of misinformation, which makes it important for them to understand exactly what […]
Game theory applied in basketball
Game theory in sports? Who could’ve guessed? The article attached below uses game theory to analyze the possible outcomes of a basketball game. They list several pre-determined rules, such as guards can only defend guards and frontcourt players can only guard frontcourt players, in order to accurately apply a matrix with different strategies that each […]
Game Theory for Parents to Increase Cooperation between Siblings
It has been a long-existing challenge for parents to separate their children from fighting and remind them to treat each other more nicely. Psychologists have found that children are more likely to cooperate when they think they receive fair plays. With proper incentives, siblings can reach fair agreements without their parents’ demands. Repeated Prisoner’s Dilemma […]
The livestream network: using graph theory to analyze shared viewership on Twitch.tv
As more and more viewers turn away from network television, alternative new forms of entertainment and content have entertained the mainstream. Nowhere is this more apparent than Amazon’s Twitch.tv, which they acquired for almost 1 billion dollars in 2015 and is now valued at almost 15 billion dollars. For any unfamiliar, on Twitch streamers and […]
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