The Impact of Electric Vehicle Charging Stations on Gas Station Networks
The article ‘The Death of the Gas Station” by Rebecca Heilweil discusses the future of gas stations in the face of the rapidly expanding network of electric vehicle charging stations. Heilweil argues that gas stations will likely face a number of difficulties as electric vehicles grow in popularity due to a variety of issues, such […]
Strong and Weak Ties/ Negative and Positive Relationships and How they dictate much of Soccer’s Transfer Window
The most enticing time to be a fan of the beautiful game is during the summer. Here is when your favorite football clubs are allowed to contact one another over the transfer of certain players. Of course, money is a big factor when it comes to buying players but another important factor in the process […]
Violin Auctions–Are they worth the price tag?
While browsing through classical music industry news, it is often that we see articles with headings such as: “300-year-old violin sold in auction for over 20 million”. Why is that these ancient instruments are able to sell for so much? What makes them so valuable to people? A deeper dive into the theory behind auctions […]
Structural Balance Theory: The Bachelorette
In The Bachelorette, there are a variety of groupings that are structurally balanced and structural unbalanced. For this post, I will discuss a triad between Kaitlyn, Nick, and Shawn from season 19 of The Bachelorette. For this network, we can represent the TV characters as nodes and the relationships between them as edges. This show […]
Personality Factors that Influence Decision Making in the Prisoner’s Dilemma
The Prisoner’s Dilemma is a classic problem in game theory that explores decision-making and cooperation between two individuals. In class, we examined the Prisoner’s Dilemma from a strictly theoretical perspective, but these situations do not occur in a vacuum. In reality, human behavior is probabilistic; we are not bots that automatically default to the dominant […]
Game Theory Tells Us How Unrealistic Beauty Standards Hurt Women
Makeup can beautiful when used as a medium for art. It’s sometimes a form of expression with vibrant colors and unique patterns drawn on the skin. However, the makeup industry has also done much harm because of the unrealistic beauty standards it creates. This is because women feel pressured to wear makeup because there’s a […]
Banksy’s “Girl With Balloon” Auctioned off for $1.4 Million, Then Resold For $25.4 Million
Banksy began graffiti art in Bristol in the 1990s. Now, he is world-renowned, taking over the streets of major cities, from Vienna to Paris to Detroit. Unlike typical graffiti, his signature is the use of stencils to create his art and many of his pieces have some sort of political or emotional meaning behind them. […]
College Rankings Through the Lens of Game Theory
Those who are familiar with the cutthroat nature of college admissions in the US know all too well of the vital role the annual US News rankings play in the grand scheme of things. Every college in the country knows the value of a high ranking: more applicants, higher prestige, better funding, and more. In […]
Cartels and Their Network of Information
Previously in class we have discussed networks and more specifically how networks of information pass information like job opportunities from one individual to another. On a greater scale this is also how businesses and criminal organizations communicate. Networks in criminal organizations function the same way with information being slowly circulated. Most economists seem to believe […]
The Flaw That Caused LUNA/TERRA To Crash
In just five days, May 7th through 12th of 2022, the UST/LUNA crypto stablecoin was hacked resulting in a market crash that has yet to recover. UST is an algorithmic stablecoin that maintains a value equivalent to 1 USD through a continuous auction with its partner coin, LUNA. To acquire UST you must first purchase […]
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