Analyzing National Elections as a Two Player Game
In his FiveThirtyEight article “Why A State Like Michigan Might Actually Be A Blue State” Nate Silver explores reasons as to why FiveThirtyEight’s election models show Michigan, a state that historically votes blue in national elections, as “Republican-leaning”. He explains that the calculated partisan lean for Michigan depends on how the state’s election results compare […]
Game theory in the current world situation
The attached article talks about how game theory is used today as the US evaluates the Ukrainian / Russian war. The United States and its allies need to figure out how to support the Ukraine war effort with weapons and money. The support has to be big enough to beat Russia back from advancing across […]
Game Theory in Aviation
Following the rise of the Covid-19 virus, we see that the U.S. aviation industry has been steadily rebounding from the ill effects of the pandemic. As the aviation sector continues to grow in profitability and in innovation, competition between airlines and aircraft manufacturers has been on a steady rise as well. The competition in aviation […]
The Use of Ties in Hiring Practices
https://techcrunch.com/2016/04/26/weak-ties-matter/ The article “Weak Ties Matter” by Everett Harper touches on research conducted by Stanford University professor, Mark Granovetter, who was unofficially short-listed for the Nobel prize in economics for his work on social network theory. This article discusses how to recruit a strong team of diverse individuals to optimize the chances of success. […]
Game Theory and Sexual Harassment in the Wake of the Me Too Movement
In their 2020 paper entitled “A Game-Theoretic Model of Sexual Harassment”, Amitrajeet A. Batabyal, of the Economics Department at Rochester Institute of Technology, and Hamid Beladi, of the Economics Department at the University of Texas at San Antonio, provide what they describe as the “first formal analysis of a game-theoretic model of sexual harassment” (Batabyal […]
Elon Musk vs Spam Accounts: Using Networks to Identify Twitter’s Spam Accounts
Twitter vs. Musk: Musk’s Opposition to Expedited Proceedings On problem set 1, we were asked to identify the spam account in a network of 14 nodes. What if we were asked the same question for a network of 100 nodes? 1,000 nodes? What about 330,000,000 nodes? This is the problem facing Twitter in their […]
A Customer Clicked on our Ad in February, Visited our Website 22 Times in the Span of Six Months, and Bought our Product in August. Here’s How We Know.
Imagine if a customer visits your website for the first time in February, then a few times in March, then a few times again in April, May, June, July, and then in August, they finally decide to buy your product. The question is, out of the thousands of people that visit your website every day, […]
Wait Times at Restaurants as an Example of Market Clearing Prices
Paper Link: https://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1263&context=gradconf_hospitality This paper discusses how the wait time at a restaurant affects the customers experiences and the likelihood of the customer returning to the restaurant again. One study discussed in this paper revealed that different types of customers have different opinions on wait time. For example; only 3.9% of leisure customers considered wait […]
Ethereum Merge: Good or Bad?
Ethereum completed the “Merge” on September 15. This is a transition from a “proof of work” system to a “proof of stake” system. The change for a greener world in processing transactions removes the old computationally intensive validation that the blockchain relied on. In addition, the update would change players’ incentives from a system of […]
TikTok vs Instagram Reels in Game Theory
Website Link: https://www.sotrender.com/blog/2022/07/tiktok-vs-instagram-comparison/ When deciding on what social media platform to sell your brand some have trouble deciding on whether Instagram Reels or Tiktok would be a better platform to use. Instagram Reels and Tiktok are both social networking platforms focused on sharing vertical video content. Both share entertaining videos that allow users to […]
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