Social Media’s Effect on Bargaining and Power in Networks
The proliferation of accessible online social media shook network structures worldwide. Communities were formed online irrespective of location and social standing, creating new “edges” between countless people. And these newfound connections would inevitably have interesting effects on the power of existing institutions. Social Media and the Rise in Consumer Bargaining Power by Wayne R. Barnes […]
Game Theory and Wireless Networks
Link: https://www.intechopen.com/chapters/62516 Game theory has been largely applied in people’s daily life and some of its application is really important. This article introduces the application in the computer science field where engineers try to increase and maintain the performance of wireless networks. We cannot deny that in recent years, people have become more and more […]
A solution to Toll-free Travel on Holiday with Braess’s Paradox
“What is your plan for the upcoming holiday?” Traveling seems to be the most common answer. Many people drive their cars to a destination and hoping to spend their time with friends and families. It sounds ideal. However, if you are in China, you will be stuck in a traffic jam and spent hours with […]
Nash Equilibrium and Predicting Human Response
If you were asked to guess ⅔ the average value of all other guesses, from a range of 0 to 100, what would you guess? The question itself requires some rereading – essentially people were asked to calculate ⅔ of the mean from a pool of other people’s guesses about what ⅔ of the mean […]
Understanding The Surfside Tragedy Through Game Theory — Joshua Homa
On June 24, 2021, the Champlain Towers South, a beachfront residential complex, in Surfside, Florida Collapsed. The tragedy led to the death of ninety-eight civilians. There are currently investigations to determine the cause of the fall, however, trustworthy sources believe structural damage through erosion led the building to fall. However, this disaster didn’t occur overnight. […]
Game Theory and The Evolution of NFL Analytics
One of the most recent evolving strategies within the National Football League is the study and usage of analytics in play calling. There is a plethora of box scores and stat sheets that have been recorded over the years of previous play. Coaches are taking use of this data to determine the best broad-picture strategies […]
Auction Theory and Machine Learning
Auction theory is a branch of game theory that aims to explain how different bidders could behave in auction marketplaces and the Bayesian Nash Equilibrium (BNE) in auction theory is an outcome of an auction in which no participant can – after having considered all of the other bidders’ selections – better their bidding strategy. […]
Game Theory’s Application in Tennis
As it does in many sports, game theory has relevant applications in tennis. Though players’ decision making during rallies (continuous hits of the ball back and forth mid-point) employs strategic thinking in its own right, the context in which game theory, and specifically John Nash’s equilibrium, is most plainly evident, is the moment in which […]
Quadrilateral Security Dialogue with Game Theory!
There is a growing new balance of power in the globe that is being referred to as the ‘Quad’. It consists of the 4 largest democracies in the world – Australia, India, Japan, and the United States. What started out as just discussions among the countries is now strategic cooperation on important issues like dealing […]