Braess’s Paradox and Beijing Traffic Congestion
https://www.chinadaily.com.cn/business/motoring/2016-01/04/content_22920572.htm#:~:text=The%20commission%20has%20set%20a,transport%2C%20bicycle%20or%20on%20foot. Beijing, among other capitals like Korea’s Seoul and Egypt’s Cairo, is one of the most crowded capitals in the world with terrible traffic. A regular 2-mile distance drive can take up to 1 hour. The most obvious cause of the congestion is the fact that the capital is overcrowded. However, the lesser-known fact is […]
Game Theory in Among Us
Over quarantine the game “Among Us” reached peak popularity because people played with their friends remotely and it was a fun bonding experience. Many popular memes also originated from the game such as imposter and red vented. The Among Us gameplay is when players are divided into crewmates and imposters. The goal of the imposter […]
Strong and Weak Ties in Phone Data
In-depth records of human communication patterns are presently available in electronic databases, such as call and email logs, providing new ways to map and examine the organization of social and communication networks. We are able to concurrently study the local and the global structure of a society-wide communication network by looking at the communication behaviors […]
Price-Fixing: A Game of Trust
What is Price-Fixing? Price-fixing is a market manipulation performed by firms that control a large amount of the same resource. Through illicit internal collusion, these firms can agree to raise prices on all sorts of goods ranging from ready-mix concrete to canned tuna. The Game: Game theory takes a front-seat in price-fixing schemes according to […]
The Application of Game Theory for Military Decisions
After learning in class how Game Theory essentially is about the best responses and payoffs to strategies, I thought of how military generals would think during World War II. This led me to find this article that covers two different battles from the war and how the military generals from opposite sides had to look […]
The New Car Brands Being Market Up the Most
As the end of the year comes to an end, the new car brands list there a new version of their car. Since we are currently in a chip short there is a market clearing price. Market clearing price is the price at which the demand for a good by consumers is equal to the […]
The Complexities of Advertising Bidding on Amazon
When we think of auctioning sites on the internet, most of us think of Ebay. However, did you know that auctions and bids play an important role in the workings of an equally (perhaps even more) popular e-commerce site, Amazon? When you search a product on Amazon, you may notice that the top listings (or […]
Game Theory in American Football
Source: https://www.researchgate.net/publication/46554851_Optimizing_Football_Game_Play_Calling In this paper published in the Journal of Quantitative Analysis of Sports, Jordan et al discuss the usage of game theory, Nash equilibrium in particular, in optimizing game calling in American Football. Historically, professional football coaches have used a mix of experience, instinct, personal bias, and the observable situation of the game to call […]
Game Theory for Squash
After learning about dominant strategies, best responses, and more in class, I had a desire to apply these topics to squash, a sport which I wholeheartedly enjoy and currently play for Cornell’s varsity team. From a spectator’s point of view, squash might not make that much sense because the playing conditions are quite foreign compared […]
Using game theory mathematics to resolve human conflicts
The concept of game theory has been around for several decades, and is now being applied with big data to computer-based algorithms to solve social problems. Specifically, game theory mathematics are being used by scientists and researchers to predict outcomes of humans and the conservation of the environment. Professor Nils Bunnenfeld, a social and environmental […]
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