Can you guess what I am thinking? Focal / Schelling point experiment
[Update 7-28-11: ] I've learned this site needs some upgrading on the backend, and also there was an issue with the game theory archive page--for the meantime: try the following link: game theory archives. I'm working to fix these things, and new posts to resume on August 1. Today I want ...

One answer to the Netflix price hike: diversify your media portfolio
Netflix's strategy has yet to gain acceptance There's been a lot of uproar about Netflix's recent price hike of up to 60 percent. Customers who were paying $10 a month for streaming and DVD rentals will now have to shell out $16 for the same service. The uproar has been so strong ...

If your term paper is too short, try this* (*um, on second thought, definitely DO NOT try this)
Have you ever had trouble meeting a page limit requirement? In high school, we all had some trouble with a well-known assignment. It was a 10-page research paper with an annotated bibliography. The research paper was a big deal as it accounted for 25 percent of our final grade. But the paper ...

8 interesting donation boxes
I have recently visited many museums and I've seen many of them have donation boxes. While most of them were plain and bland, a few of them were more interesting and caught my attention, making me more likely to donate. The lesson is a little bit of style can help a ...

Math puzzle: chances of meeting up with a friend (and game theory puzzle extension)
Some nights that I go out to the bars it seems like I end up running into everyone. Other nights it's the exact opposite where I get out of sync and miss meeting my friends. The dynamics of meeting friends is rather interesting, and here is a probability puzzle that captures ...

Consumer ed quiz: is this a good deal on natural gas?
One of the difficulties in properly managing your money is the vast amounts of decisions you have to make. Someone who is great at investing, finding travel deals, and buying a home can still lose a lot of money by making poor career decisions or racking up credit card debt. These ...

How to reduce employee theft without nagging: 4 tips from behavioral economics
image by Nisha A Employee theft is extremely common. I would hazard that even the best of us has stolen something from an employer. Most people do not view taking a few pens or printing personal material as a big deal. In fact, some people view it as an unpaid benefit ...

Math puzzle: coin tossing carnival game
Over the holiday weekend, I went to a county fair and noticed a lot of carnival games. It got me thinking about a probability question arising from one of the games. Here is the puzzle: In a carnival game, you are to toss a coin on a table top marked with a ...