Archive for October, 2007

Drink From the Tap, or at Least Stop Whining About Gas Prices

Thursday, October 11th, 2007

Not all chemicals are bad. Without chemicals such as hydrogen and oxygen, for example, there would be no way to make water, a vital ingredient in beer–Dave Barry I hate when people complain about high gas prices while they joyously drink bottled water. Here's a quick fact: bottled water can be more ...

How You Can Threaten Many People at Once Using Game Theory, and the RIAA Legal Victory

Tuesday, October 9th, 2007

Every Tuesday is a Game Theory article at Mind Your Decisions. The RIAA won a legal battle on Friday when a Minnesota woman was found guilty of copyright infringement for file sharing and fined for damages of $220,000. Although the award was significantly smaller than the requested $3.9 million plus legal ...

Cutting Back is Rational–It Will Likely Give You More Satisfaction

Friday, October 5th, 2007

Chicago-style pizza is one of my guilty pleasures. I know it’s not healthy food, but every once in a while, I cannot resist indulging. I am further tempted because a place near me offers an all-you-can-eat lunch buffet. Going there is one of my favorite dining experiences. Though a recent meal ...

Multiple Equilibria in Coordination Games: Getting to Better Outcomes

Tuesday, October 2nd, 2007

Every Tuesday is a Game Theory article at Mind Your Decisions. Some people criticize game theory (and to some extent economics as a discipline), calling it unrealistic and focusing on selfish behavior. Just check out this comment from a review of James Miller’s Game Theory at Work: You and I both ...

How Cereal Companies Lie to You

Monday, October 1st, 2007

Recently, my grocery store began stocking a new, “family-size” package for a cereal that I enjoy. It caught my attention because the family-size box is a lot larger than the regular one. In fact, the family-size box looked almost double the size: In a rush, I chose the family-size box and ...