Forbes magazine has a profile of Al Roth and his work in game theory, experimental economics and market design: Alvin Roth sees plenty of ways economics can make a difference in people’s lives. In contrast with the authors of bestselling books like Freakonomics, who are fascinated by obscure but intriguing questions like how to detect [...]
Entries Tagged as 'Game Theory'
Random Link: Al Roth and “Un-Freakonomics”
July 25th, 2010 · 3 Comments
Game Theory · Markets · Random Links
Tags: Game Theory · Markets · Random Links
Follow Up: A Lesson In Game Theory And Incentives, Restaurant Edition…
March 24th, 2010 · 4 Comments
Follow Ups · Game Theory · Incentives
(Subtitle: “Misalignment of incentives: There’s an app for that.”) I wrote last year about the (sometimes perverse) incentives that splitting the check at a restaurant creates. Since I am not only an economist but also a techno geek, I couldn’t help but point out that there is now an iPhone app that allows you to [...]
Tags: Follow Ups · Game Theory · Incentives
See, Conan Understands Game Theory…
January 22nd, 2010 · 3 Comments
Game Theory
So, I’ve talked before about the prisoners’ dilemma: The interesting feature of this game setup is that the players have an incentive to rat each other out even though this results in a worse outcome for both parties than if they kept quiet. However, this incentive changes when the players are asked to make this [...]
Tags: Game Theory
A Lesson In Game Theory (And Golden Balls)…
October 27th, 2009 · 7 Comments
Game Theory · Videos
As a math geek, I have a particular fascination with game theory. Lest the word “theory” through you for a loop, keep in mind that game theory has a number of practical applications. In general, it’s useful in life to be able to think about how others are going to respond to the choices that [...]
Tags: Game Theory · Videos
A Game Theory Lesson, Or A Treatise On My Desire To Win Stuff…
July 12th, 2009 · 9 Comments
Econ 101 · Game Theory · Sports
I wish I had a cartoon for the following, so drop me a line if you know of any. Anyway, from the “Economics is Everywhere” desk: So it’s Sunday morning (well, afternoon I suppose. It’s Sunday, ok?) and I am catching up on my Twitter feed while watching the Red Sox game. I follow the [...]
Tags: Econ 101 · Game Theory · Sports