Dutch auctions for NFT’s
With the increase in hype over NFT’s, and the associated bragging rights from owning one, NFT’s are commanding extremely high prices. The unstable market for such a product warrants an auction since this value is not entirely measurable through prediction. Hence, even traditional auction houses like Sotheby’s, have started selling NFT’s. While there are four […]
Climate change: the application of game theory to earth’s biggest threat
https://qz.com/2099301/game-theory-says-the-paris-agreement-might-be-a-climate-winner/ A major issue we face in the world today is climate change. The rapid warming of our earth is due to carbon emissions, unethical practices, and the burning of fossil fuels, as well as many other things. The only way to save our planet and reverse the damage we have done is by using […]
Clustering Store Locations and Nash Equilibrium
Often walking through a neighborhood, you might notice that a group of coffee shops are all right next to each other. This strange occurrence actually deals with Game theory and Nash equilibrium. This Ted-Ed Video, made by Jac de Haan, tackles the weird phenomenon of similar stores clustering together in specific parts of cities, towns, […]
Applying Graph Theory to Medieval Venetian Trading Networks
https://direct.mit.edu/jinh/article/44/2/157/48779/Venetian-Trading-Networks-in-the-Medieval Typically when historians study trade networks in medieval europe, they are mainly focused on the activities of wealthy nobles of the area, leaving out the activities of lower-class traders. The wealthy nobility of medieval Venice undoubtedly had a major controlling stake in the trading activities of the port city, but only studying their activities […]
College Rankings: The Perfect Matching Problem
Recently, news broke out that the U.S. News rankings took away Columbia University’s No. 2 ranking after Columbia University admitted to falsifying some of their statistics. [1] Now at No. 18, Columbia University’s new ranking led to many news outlets criticizing the U.S. News rankings, saying that these rankings are meaningless and arbitrary. However, I […]
The Power of Networks in Decentralized Finance + Mining
The US dollar’s stability is taken for granted by many. Hyperinflation has seeped into over a hundred countries across the globe, such as Argentina, Nigeria, Venezuela, Turkey, Sri Lanka, and Lebanon. For example, let’s put this into perspective — Venezuela has experienced an inflation rate hovering at around 2,000% over the past decade. However, the […]
Game Theory in Cornell (North Campus) Dining
https://cornellsun.com/2022/01/30/morrison-dining-sets-a-new-standard-for-cornell-student-dining-experience/ https://ncre.cornell.edu/ With the start of a new fall semester, thousands of freshmen moved into the North campus. It could be a crowded period when all the students Entering the same public area at the same time. Indeed, it was, especially for this year. The North Campus Residential Expansion (NCRE) project, aimed to provide a […]
Game Theory: the Deadliest Game
Roy Lindelauf, an assistant professor in Quantitative Intelligence Analysis at the Netherland Defense Academy, writes about the game theory involved in nuclear deterrence in his chapter of the Netherlands Annual Review of Military Studies. Lindelauf explains that many game theory models developed in the onset of nuclear buildup have since become outdated and obsolete. While […]
Differing Network Structures amoung Facebook, LinkedIn, and ASmallWorld
https://journals.sagepub.com/doi/abs/10.1177/1461444808099577 This link sends you to the page where you can view/download the pdf article. “The virtual geographies of social networks: a comparative analysis of Facebook, LinkedIn and ASmallWorld” by Zizi Papacharissi analyzes the networks of a few popular social media sites; Facebook, LinkedIn, and ASmallWorld. In particular, Papacharissi analyzes the effect on the […]
Gaming the Game
Gaming the game is a discrete but realistic approach to game theory to ensure the best possible outcome while minimizing the cost/effort attributed to decision-making, “cheating” to sum, efficient problem solving for others. I have heard the phrase “gaming the game” used and thrown about during my seven years of service. Still, I feel as […]
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