The Impact of Divorce on Children from the Structural Balance Perspective
When a couple get a divorce, they have to figure out who gets legal custody of their children, and who gets physical custody of their children. In this post, I am solely going to be focusing on the aspect of physical custody of the children. For the first part of my analysis of the physical […]
Understanding the Game Theory Behind Ethereum
https://www.bitcoinmarketjournal.com/game-theory-behind-ethereum/ I recently read this article on how game theory helps secure blockchains. It solves a question I have had for a long time: since blockchains are decentralized in nature, how do people guarantee that their transactions are secured? Growing up in the era during which web2.0 developed, I am used to the existence of […]
Why We Have to Sanction Putin – A Game Theory Analysis
Source: How Game Theory Explains Why We Have to Sanction Putin — Even If It’s Costly – POLITICO Moshe Hoffman and Erez Yoeli, the authors of “How Game Theory Explains Why We Have to Sanction Putin” argue that sanctioning Russia is beneficial in the long run. The authors discuss and debunk a commonly used decision […]
Game Theory and Evolutionary Biology
https://www.nature.com/scitable/knowledge/library/game-theory-evolutionary-stable-strategies-and-the-25953132/ Resource collection is key to the survival of organisms. But resources are of finite quantities, and many organisms require the same resources. Therefore, organisms must interact with each other as they try to collect resources. The relationships between organisms are varied – organisms can have cooperative, antagonistic, exploitative, and altruistic interactions with other organisms. […]
Employing Game Theory in Cryptocurrency Security Design
According to this (https://www.bitcoinmarketjournal.com/game-theory-behind-ethereum/) article published in an online cryptocurrency news journal, the foundation for the functionality and security for the cryptocurrency Ethereum is a system designed using game theory. Much like the way the prisoner’s dilemma is engineered to always steer players towards confess (which is the only logical choice in that matrix), the […]
Red Ocean VS Blue Ocean Strategy
The famous book “Blue Ocean Strategy” highlights how a company or a startup may reap tremendous benefits through disruptive innovation and value leap generation, namely Blue Ocean Strategy. Conversely, a company engages in red ocean competition if it is competing with rival firms in an established landscape. I find this phenomenon fascinating as an aspiring […]
Prisoner’s Dilemma in Different Age Groups
During a few of the lectures in this class, we learned about game theory. One of the most well-known games in game theory is the prisoner’s dilemma. The prisoner’s dilemma occurs when two individuals (players) that have to decide whether to cooperate or not cooperate both act in their own interest, resulting in a worse […]
Communication and Deception – Game Theory in “Golden Balls”
In the British gameshow “Golden Balls”, contestants compete to win as much money as possible by choosing balls containing prizes from £10 to £75,000. In the final round of the game, the two remaining contestants must each choose whether to “split” or “steal” the jackpot. If both choose to split, the each contestant takes home […]
Safe Havens for Cooperation: An Application of Game Theory
When thinking on the way in which early civilizations are formed, two major questions comes to mind: what incentive was there for cooperation, and what made it work so well? In a recent research study, they focused on exactly that – how well-functioning networks are formed, especially when individuals in the same network are competing […]
Structural Balance Property in Celebrity Endorsements
Some well-loved celebrities who have accidentally flashed a particular everyday product in a social media live stream or photo have seen the product sell out within the next day. Why are fans so eager to buy that fabric softener that they definitely don’t need? Celebrity endorsement is a common, powerful marketing strategy in which advertising […]
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