Review of Game Theory Applications in International Trade
https://ijels.com/upload_document/issue_files/26IJELS-101202247-Reviewof.pdf This paper, published in January 2022, reviewed game theory models common in the area of international trade such as trade wars. It also discussed game theory models being applied in the recent U.S. -China trade war. This paper is relevant to course material since we’ve also been talking about game theory in the class. […]
The Old Gum Tree: the Reason for the Eucalyptus Having Flammable Bark may be Found in Game Theory
https://www.kqed.org/science/4209/eucalyptus-california-icon-fire-hazard-and-invasive-species https://royalsocietypublishing.org/doi/10.1098/rspb.2016.0847 The prisoner’s dilemma is a famous example of a situation in which game theory applies. In the scenario, two prisoners are brought in for questioning by some detectives. The detectives tell the prisoners that they can either confess or remain silent. If one prisoner confesses and the other remains silent, then the […]
How Will New City Layouts Affect Social Networks?
The Saudi Arabian crown prince recently announced a new megaproject: a city that is a 170 km line, 200 meters wide, and 500 meters tall. Called, “The Line,” the city is supposed to house approximately nine million people after its completion. The purpose of this post is to use research by Herrera-Yagüe, C., Schneider, C., […]
Formula 1: A Game of (Tire) Strategy
Formula 1 has long been known to be a game of strategy, though from the outside it may seem fairly simplistic. As viewers, we watch high speed cars circle around a track for around 2 hours. Behind the scenes, however, are strategists, engineers, and heavy computing power dedicated to picking the best possible tire and […]
Using game theory mathematics to resolve conservation conflicts and social dynamics
Source: https://phys.org/news/2022-09-game-theory-mathematics-human-conflicts.html https://cordis.europa.eu/project/id/679651 https://cordis.europa.eu/project/id/732942 People need to face so many choices every day, individually or as a group. Our decisions matter and will influence how others decide, thus comes the game theory. Game theory aims to predict outcomes and solutions to an issue in which parties with conflicting, overlapping or mixed interests interact. Though this […]
The Social Network and Privacy
https://finance.yahoo.com/news/meta-fined-405-million-euro-instagram-privacy-161348122.html Currently, the company Meta which owns Instagram has been brought to light again due to a recent 405 million euro fine from the Irish Data Protection Commission regarding the privacy of children while using Instagram. The concerns are relating to how certain personal information of children could be shared with other users and put […]
Users Are Increasingly Using Social Media Platforms For News and Information
https://www.wsj.com/podcasts/tech-news-briefing/tiktok-is-the-new-google-for-some-young-people/e149024d-e422-4a36-9c0b-3b33fc5df1a6?mod=Searchresults_pos3&page=1 Google, and other trusted news sources, have been where people typically find how-to tutorials, the latest breaking news, and other information. However, with the emergence of Tik Tok, a video-based social media platform, users are now turning to Tik Tok to find this information. In today’s world, users are focused on convenience, so when […]
Shift to Hybrid Working Highlights the Value of Weak Ties
In light of the events of the past few years, the modern workplace looks very different for some Americans due to the adjustments made to accommodate the challenges presented by the COVID-19 pandemic. For many, this means the adoption of a hybrid workplace, where the contact that employees have with each other mainly occurs via […]
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