Economists Do It With Models

Warning: “graphic” content…

Entries Tagged as 'Game Theory'

Bookmark and Share
Economists Can Explain That! Black Friday Edition…

December 8th, 2015 · 1 Comment
Buyer Beware · Game Theory

Well color me not surprised… Did anyone really think that stores being open on Thanksgiving was actually going to substantially increase how much consumers buy rather than just change the timing of purchases? I like an intoxicated post-turkey Target fest as much as the next person, but this just seems largely implausible, if for […]

[

Tags: Buyer Beware · Game Theory

Bookmark and Share
On Economists Giving Thanks, And The Avoidance Of Arms Races…

November 28th, 2013 · 3 Comments
Behavioral Econ · Buyer Beware · Game Theory · Policy

First off, HAPPY THANKSGIVING! I am very thankful that you all read my online ramblings 🙂 Once you get drowsy from eating too much Thanksgiving dinner (and no, it’s not the turkey, that’s mostly an urban legend, unless of course you ate the entire turkey), you should feast on what Dan Ariely has to say […]

[

Tags: Behavioral Econ · Buyer Beware · Game Theory · Policy

Bookmark and Share
Deep Thoughts: What Would A Monty Hall Problem For Animal Lovers Look Like?

October 28th, 2013 · 4 Comments
Fun With Math · Game Theory

I first learned about the Monty Hall problem my sophomore year of college, and then, for some reason that I can’t even begin to remember, it was also discussed at the beginning of my graduate micro theory course. In other words, I’ve been annoyed by this problem for a good long while now. The problem […]

[

Tags: Fun With Math · Game Theory

Bookmark and Share
New Income Data Available, With Bonus Educational Arms Race Analysis…

September 17th, 2013 · 6 Comments
Fun With Data · Game Theory

In an economist’s world, the census people releasing updated data on income, poverty, and health insurance coverage is likely to be, by far, the most interesting thing to happen today, if not all week. (Joking aside, the slides that are linked to there are in fact pretty interesting.) Overall, the numbers look pretty grim. The […]

[

Tags: Fun With Data · Game Theory

Bookmark and Share
More On Golden Balls, And The Best Lesson In Game Theory Ever…

April 21st, 2012 · 12 Comments
Follow Ups · Game Theory

The Prisoners’ Dilemma is a classic problem in economics with a clear theoretical outcome of non-cooperation. In practice, however, people are sometimes “nicer” than economists predict…and apparently this makes the game interesting enough to make a game show about. (Yes, I have been fascinated by this for going on two and a half years now.) […]

[

Tags: Follow Ups · Game Theory

Bookmark and Share
How To Put My Online Videos To Shame, Game Theory Edition…

March 13th, 2012 · 6 Comments
Education · Game Theory

In today’s “better than a Groupon” news, two professors at Stanford University are offering a game theory course online for free. The course starts on Monday, March 19th, so you’d better get a move on. From what I can tell, the course provides modular online lectures as well as problem sets and exams and such, […]

[

Tags: Education · Game Theory