The Role of Strong & Weak Ties in Business Marketing
When it comes to promoting a new product, businesses have a multitude of options. A popular one is advertising, in which promotional activities (flyers, commercials, etc) are used to draw the attention of a target audience. However, another effective method is known as word-of-mouth marketing, in which current consumers of the brand or product market […]
Game Theory Approach to the Donation of Surplus Vaccines
For link to the news article, click here. Game Theory is often described as the science of strategy. What choice should you make? When should you make it? What if the other player does something differently? The goal is ultimately to win — to benefit as much as you can. And sometimes you win through […]
“The Prisoner’s Dilemma in Everyday Life”
Source: https://www.psychologytoday.com/us/blog/darwins-subterranean-world/202112/the-prisoners-dilemma-in-everyday-life One of the more well-known topics we’ve discussed in class thus far has been the Prisoner’s Dilemma. While the very specific game that we discussed in class will probably never happen to any of us in real life (at least hopefully), Glenn Geher’s article “The Prisoner’s Dilemma in Everyday Life” introduces the idea […]
Bitcoin Regulation and Game Theory
“How Countries Could Kill Bitcoin Adoption” Link: https://bitcoinmagazine.com/culture/how-countries-could-kill-bitcoin-adoption While generally written from an immature standpoint, the article delves into the various methods through which countries, or the world as a whole, could move to regulate against or stop the adoption of Bitcoin as an official, or normal, currency. Then, the article talks about how regulating […]
How Andrew Tate Rose to Fame Through Social Networks
Recently, Andrew Tate, a “self-help” influencer was banned from major social media platforms for his extreme misogynistic comments. The 35-year-old former kickboxer has talked about how men and women are not equal, that women are comparable to animals and property, and that rape victims are to blame for their attacks; just to name a few. […]
An Analysis of Game Theoretic Behavior in Times of Crisis
Link: https://nickledanddimed.com/2022/06/02/can-game-theory-help-understand-human-behavior-in-times-of-crisis/ The past two and a half years have arguably been the most “crisis-filled” the United States (and the world) has seen for decades. The rapid spread of the global coronavirus pandemic caused widespread infection and death and subsequently upended the global economy. We have seen significant financial downturn, rising unemployment and inflation, […]