Ukraine-Russia Conflict: A Zero-Sum Game
https://theconversation.com/ukraine-war-what-game-theory-can-tell-us-about-how-negotiations-might-go-179784 This article talks about the possible payoffs of the Ukraine-Russian war within the lens of game theory. The author discusses each actor in the conflict, starting with Russia and how its situation is become increasingly desperate. Russia’s ability to succeed at their original goal of complete domination have become so slim that it’s advised […]
Prisoner’s Dilemma in the Business World (Coca-Cola vs. Pepsi)
In this article by Elvis Picardo, he discusses the Prisoner’s Dilemma in terms of big corporations in our world. One prominent example he uses is the battle between Coca-Cola and Pepsi. In the business world, big companies are always in a battle to attract the most customers and produce the highest revenue. The obvious solution […]
Overbooked Airplanes as Auctions
Airlines often overbook flights, and if everybody shows up then they have no choice but to bump people. They ask passengers to volunteer to give up their seats in exchange for varying amounts of compensation. If they need one volunteer, this is done by asking for volunteers for a small monetary offer (usually a travel […]
Poker Game Theory: a New Way to Think About the Game
To most people, poker is a game of skill involving a lot of a luck, but in reality it is so much more than that. Of course, as with any gambling, luck plays a very heavy part, but the skill lies within actually manipulating said “luck”. In all gambling, it’s up to chance, and in […]
Game Theory in COVID-19 Vaccinations
Source: https://www.nytimes.com/2021/05/04/upshot/vaccine-incentive-experiment.html There is a multitude of information and guidance on the importance of getting the COVID-19 vaccine but there are still many unvaccinated in the United States. In an effort to increase vaccination rates, people have looked into offering incentives to encourage people to get vaccinated. This article from NYTimes outlines an interesting phenomenon […]
Game Theory Relations with Ongoing War Events in Ukraine/Russia
The ongoing war is genuinely a tragedy showing the extent to which some higher members of the Russian government are willing to exert control over the Ukrainians. Currently, there has been an over half-year war going on between Russian and Ukraine in which Russia is invading Ukraine for their land. The following blog explores some […]
Applications of Strong Triadic Closure to MMORPG’s
A study by Michael Szell and Stefan Thurner highlights how social dynamics in video games are much similar to those that occur in real life. Where these dynamics differ, however, is that the social dynamics in video games, especially MMORPG’s (Massive Multiplayer Online Role Playing Games) are far easier to analyze than any other. One […]
Engineering a Fair Market
In class, we’ve talked about markets and matching buyers and sellers, and when doing so, it’s hard to overlook the stock exchange, perhaps one of the most prominent examples. Many buyers and traders are all executing simultaneously, and it’s the job of the stock exchange to find a perfect matching between the two group. However, […]
The Game Theory of Climate Change
Climate change is a global issue that we are constantly reminded of everywhere and everyday. Yet why has the change needed to solve it been so slow and reluctant? No, it is not because humans are irrational and lack the ability to understand the weight of such an impending issue. On the contrary, it is […]
“Paradoxical” effects of altruism on efforts to mitigate climate change
https://www.nature.com/articles/s41598-022-17535-y By conventional reasoning, individuals that care more about the welfare of others would be expected to alter their behavior in a way to preserve the common good (the Earth’s climate or any other public resource). However, the researchers who wrote this article found that often times inside their societal model, increasing levels of altruism […]
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