Optimizing Social Media Data Through Game Theory
Game theory is a mathematical concept that seeks to anticipate the outcomes and solutions to problems involving competing and overlapping interests. To its core, it measures how and why people make the decisions they do. In conflict situations, game theory mathematics is applied to predict outcomes. In today’s data age, it seems like each factor leads to a […]
The Braess Paradox and Induced Demand
https://www.wired.com/2014/06/wuwt-traffic-induced-demand/ The article linked above discusses the counter-intuitive phenomenon that adding new roads, wider highways, and more public transit does not actually decrease traffic congestion– it just increases driving demand. The concept of new roads and other increased transportation options structures actually materializing more travelers, because of the higher incentive to travel they bring about, […]
Game Theory and the War in Ukraine
Nuclear warfare is a subject that has been fraught with caution ever since the first nuclear weapon was made in 1945. After everyone witnessed the horrifying destruction that came from the two nuclear bombs at the end of World War 2, no more nuclear weapons have been used in warfare since then. However, that does […]
Racial Homophily and its Effect on U.S. Social Networks
Homophily can be described as the tendency for people to be attracted to and stick with people that are similar to themselves. Racial homophily refines the meaning of homophily further by indicating that individuals of the same race form connections more often, resulting in racial homogeneity. This paper I linked below discusses how Triadic Closure […]
Imbalanced Network in the Armenia-Azerbaijan Conflict
Over the past two years, 2 countries routinely not a center point of international news have become on of the most prominent stories in recent memory. Armenia and Azerbaijan, two countries sandwiched between the Caspian and Black seas in Eurasia near Russia’s southern border, an area already plagued with conflict. Recently, the two states have […]
Prisoner’s Dilemma and the Super League: How Game Theory Helped Save Soccer
Article: The Super League in Prisoner’s Dilemma by Tianchi Li of TWS Partners About a year ago, twelve of the most well-known soccer teams in Europe established a new soccer association, known as the “Super League”. The intention of this league was to offset the financial losses many of these massive clubs experienced due to […]
E-Commerce Pricing as an Auction
Within the past year, the way major advertisers and online retailers approach advertisement and promoted product pricing has changed. Initially a second-price auction – one where the highest bidder for a keyword or PPC (pay per click) promotion pays the second highest bid for that same keyword or PPC promotion – major online advertisers like […]
Google Ads: the Largest Auction on Earth
It might sound like a surprise to most people, but Google Ads is in fact an auction. More specifically, it is a first-price auction: the higher someone bids for their website, the higher probability the website will be seen. However, the reality works a lot more complicated than what a traditional auction is. In this […]
Game Theory & Airline Pricing
After learning much about game theory in class, I have always wondered how it could apply to real-life situations. I was planning my upcoming breaks with my roommates– getting flight tickets together. We were comparing the flight ticket prices. There are cheaper airline tickets, that don’t allow any carry-on bags; while there are more expensive […]
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