Comments on: Use Randomization to Cut Costs in Security and Enforcement–It Worked for American Airlines http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/ Articles on game theory and personal finance Thu, 09 Feb 2012 18:20:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Manage your career like a professional athlete: 4 strategic lessons from LeBron James’ free agency - Mind Your Decisions http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/comment-page-1/#comment-9560 Manage your career like a professional athlete: 4 strategic lessons from LeBron James’ free agency - Mind Your Decisions Sun, 21 Aug 2011 00:05:12 +0000 http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/#comment-9560 [...] some cases, the best move is to act randomly. If Cleveland knew LeBron was staying for sure, it could offer him less money. If other teams knew [...] [...] some cases, the best move is to act randomly. If Cleveland knew LeBron was staying for sure, it could offer him less money. If other teams knew [...]

]]> By: RohoMech http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/comment-page-1/#comment-996 RohoMech Thu, 28 Feb 2008 16:28:11 +0000 http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/#comment-996 @Mike...I kind of wonder about your analogy, your body *usually* gradually gets sick, at least for me I can feel a cold coming on, and if I get enough rest, eat well etc, I can stave it off. But theft isn't a gradual problem, when it occurs you lose quite a few resources, and you probably won't have an indication of it coming on (unless you have detection methods in place to see if criminals are casing your place...) @Mike…I kind of wonder about your analogy, your body *usually* gradually gets sick, at least for me I can feel a cold coming on, and if I get enough rest, eat well etc, I can stave it off. But theft isn’t a gradual problem, when it occurs you lose quite a few resources, and you probably won’t have an indication of it coming on (unless you have detection methods in place to see if criminals are casing your place…)

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/comment-page-1/#comment-987 Presh Talwalkar Wed, 27 Feb 2008 02:31:52 +0000 http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/#comment-987 @Michael Webster: That's a nice article--thanks for the tip. I added a passage to the article. @Mike: Excellent analogy. To add one more thought, warehouse security acts like a medicine against the threat of outside infection. Just as doctors taper medicine as we get better, we can taper active surveillance as the threat diminishes. @Michael Webster: That’s a nice article–thanks for the tip. I added a passage to the article.

@Mike: Excellent analogy. To add one more thought, warehouse security acts like a medicine against the threat of outside infection. Just as doctors taper medicine as we get better, we can taper active surveillance as the threat diminishes.

]]> By: Mike http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/comment-page-1/#comment-985 Mike Tue, 26 Feb 2008 18:35:25 +0000 http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/#comment-985 Perhaps Crandall is on to something. Instead of treating thievery as a constant threat, perhaps it is more like an infection for that warehouse. Just like your body generates a fever until it is sure that a particular illness it gone, if your warehouse experiences a theft you should up your security until you are sure that particular thief is not coming back. And just like it would be silly for your body to have a constant fever, it would be silly for a warehouse to have a constant high state of security. Perhaps Crandall is on to something. Instead of treating thievery as a constant threat, perhaps it is more like an infection for that warehouse.

Just like your body generates a fever until it is sure that a particular illness it gone, if your warehouse experiences a theft you should up your security until you are sure that particular thief is not coming back. And just like it would be silly for your body to have a constant fever, it would be silly for a warehouse to have a constant high state of security.

]]> By: michael webster http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/comment-page-1/#comment-982 michael webster Tue, 26 Feb 2008 10:22:56 +0000 http://mindyourdecisions.com/blog/2008/02/26/game-theory-tuesdays-enforcing-the-law-protecting-your-home-and-learning-to-cut-costs-like-american-airlines/#comment-982 Protecting your home for less: You might want to read this article, http://www.law.yale.edu/news/2221.htm Protecting your home for less: You might want to read this article,

http://www.law.yale.edu/news/2221.htm

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