Archive for April, 2008
Wednesday, April 30th, 2008
See more articles about game theory in the news
The Airport Security Game
Airports and terrorists are constantly engaged in a game. Airports create security systems and terrorists seek out breaches.
The game has several defining characteristics.
1. It is a sequential game (Stackelberg)
Airports have to act first. They set up defense systems and ...
Posted in News, Risk | 5 Comments »
Tuesday, April 29th, 2008
Every Tuesday is a game theory article at Mind Your Decisions
Auctions are Everywhere
Auctions are so common nowadays that I bet most of you have participated in auctions in the last year. Even if you haven’t, auctions have probably impacted your life indirectly. The cost of the road you drive on, ...
Posted in Auctions, Game Theory | 4 Comments »
Monday, April 28th, 2008
My previous boss told me I was among the best consultants he’d ever worked with.
This came as a bit of a surprise to me. I wasn’t the smartest person he worked with, nor was I the hardest working, nor was I the most efficient.
But I had one competitive advantage in ...
Posted in Leisure Tips, Risk, Career | 16 Comments »
Friday, April 25th, 2008
In the internet age, auctions are everywhere. Auctions are used in eBay, Craig’s list, Google Adwords, dating websites, and job websites—just to name a few.
Auction theory can help you navigate the uncertainty. You can improve your position as an informed buyer or seller. I’ve used the auction theory ...
Posted in Auctions | 5 Comments »
Thursday, April 24th, 2008
“We are the champions
No time for losers
'Cause we are the champions - of the world” –Queen, song lyrics
What do Michael Jordan, Tiger Woods, and Randy Johnson have in common?
There is the obvious answer: they are all champions. They all won championships and dominated their respective sports.
But that’s only ...
Posted in Risk, Career | 6 Comments »
