Game theory and economics in the news
July 21, 2006 | The Record (Troy, NY), Game of chicken goes bad
Failing to learn from James Dean, and suffer a head-on auto collision as both refuse to lose in a game of chicken (by James V. Franco)
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March 16, 2006 | ABC News, Mission impossible: In search of strangers in New York City
The theory of focal points suggests that random strangers should be able to find each other in New York City in this Primetime experiment.
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October 11, 2005 | BusinessWeek, A nobel letdown in economics
In response to the 2005 Nobel Prize, argues that game theory is merely a theoretical pastime, and experimental economics is the hope of progress for economics. (by Michael Mandel )
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May 11, 2005 | Rutland Herald, VT, Mathematicians earn post office stamp of approval
Discusses the introduction of a new United States postage stamp honoring John von Neumann
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March 12, 2005 | New Scientist, Charity begins at Homo sapiens
Reviews the work of Ernst Fehr and others on altrusim and reciprocity in economic experiments. (by Mark Buchanan)
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December 18, 2004 | New Scientist, Interview: Return of a 'beautiful mind'
Interview with John Nash about economics, mental illness, and the film based on his life (by Michael Brooks )
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October 18, 2004 | Wired News, Awarding the brains behind AI
Daphne Koller, winner of the MacArthur "genius award," develops methods for calculating mixed strategies.
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March 22, 2004 | The New Yorker, Times regained
New York City development suffers from a tragedy of the commons in which no one has incentive to invest in the quirky, but the City benefits from the weird.
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March 12, 2004 | Chicago Maroon, A treatise on dating: the Prisoner's Dilemma
Student paper notes that college dating is a prisoner's dilemma with payoffs expressed in "exclusivity points" (yup, it's a stretch).
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March 8, 2004 | Dallas Morning News, Physics, economics turn out to be twin sciences
Relates game theory to statistical mechanics and discusses possible crossover between the two fields.
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February 3, 2004 | BBC News, One in 10 workers 'incompetent'
Employer surveys reveal that many employees are not proficient, partly due to training and partly due to moral hazard and poor incentive structures.
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October 30, 2003 | Courier-Journal, Motorcycle deaths rise after helmet-law repeal
Refutes the moral hazard argument that helmet laws make riders less safe by empowering them to take on more risks.
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September 7, 2003 | New Haven Register, SCSU student tackles the U.S. electoral system
Analyzes the power of each voter under varying presidential election rules.
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September 5, 2003 | Forward, Israeli economists' dangerous minds
Notes that economists are more greedy than other people in the ultimatum game. (by Avia Spivak)
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August 28, 2003 | Economist, To have and to hold
Discusses common evidence of irrationality and a possession effect in economics.
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July 27, 2003 | Bay City News, Game of chicken turns deadly for SJ youth
If there was such a thing as the "game Theory Darwin Awards," these two participants in a carless version of game of chicken would likely win.
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June 28, 2003 | New York Times, Calculating the irrational in economics
Recaps a behavioral economics conference and discusses some common failures of rationality.
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May 19, 2003 | Gotham Gazette, Fighting over outdoor space
A modern-day tragedy of the commons as dogs, bicycles, cafes, and others compete for New York's limited sidewalks.
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May 1, 2003 | Economist, Signal failure?
Summarizes a RAND article by Feltovich, Harbaugh To, which argues that, in a population of three types of people, the best types may send " countersignals."
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April 24, 2003 | Arizona Republic, Sad reality behind the American (Airlines) way
The subsidization of the airline industry creates a moral hazard as airlines do not face the risk of loss.
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April 18, 2003 | ASU Web Devil, Let the sunlight of honesty disinfect cheating plague
Academic cheating is pervasive and creates a prisoner's dilemma as people may elect cheat to stay competitive.
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April 1, 2003 | Fast Company, Mars wins the shipping game
Food giant Mars Inc. applies game theory and auction theory to improve logistics and decrease shipping costs.
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February 13, 2003 | Cyber India Online, Games people play: A different theory
An interview with game theorist Avinash Dixit about the fundamentals of game theory (by Chinmayee S)
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January 24, 2003 | Chronicle of Higher Education, Taking on 'rational man'
Chronicles the heterodox movement in economics and discusses the relaxation of rationality assumptions.
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January 10, 2003 | Economic Times (India Times), Discovering Nash at division of mango loot
Amarty Sen addresses John Nash's bargaining solution arguing for the inclusion of equity and fairness notions.
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October 11, 2002 | Business Week, Nobel laurels for an odd couple
Nobel prize awarded for pioneering work in experimental economics and behavioral game theory.
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October 10, 2002 | Washington Post, Two Americans to share Nobel Prize in economics
Nobel prize awarded for pioneering work in experimental economics and behavioral game theory.
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August 31, 2002 | Milwaukee Journal Sentinel, Union keeps Midwest Express guessing
Union uses mixed strategies in threatening slowdowns to gain upper hand in negotation
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August 1, 2002 | Discover, The Mathematics of... Auctions: Going Once, Going Twice
Overbidding in auctions and quantal response equilibria.
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July 31, 2002 | Wired, Game theory for real people
Argues for interdisciplinary approaches to game theory to replace rational paradigms.
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June 12, 2002 | Nature, We're doomed to dither
Describes simulations of the minority game, a congestion game in which one prefers not to be part of the crowd.
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May 1, 2002 | Dollar & Sense, What can radicals learn from game theory?
An introduction to social struggle as a prisoner's dilemma in which the role of government is to devise the right game to be played. (by Alejandro Reuss)
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September 6, 2001 | Slate.com, Sell me a story
Why are buildings in the same city of different heights? Negotiation may lead to higher profits from each building.
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September 28, 2000 | Economist, In praise of Bayes
Discusses the rise of Bayesian statistics and reasons for the existence of detractors.
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August 25, 2000 | CNN Money, De Beers buffs its image
Discusses the transformation of the diamond cartel in light of greater competition.
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July 2000 | American Scientist, Mathematical devices for getting a fair share [pdf]
A lengthy introduction into both cooperative and non-cooperate game-theoretic elements of fair division. Includes a good synopsis of cooperative solution concepts. (by Theodore P. Hill)
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July 14, 1999 | Slate.com, A-n-t-i-c-i-p-a-t-i-o-n. The economics of deferred gratification
Examines how future-looking utility-functions can call rationality into question.
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April 9, 1999 | Slate, My way to the eBay
Summarizes the theory of first versus second and private versus common value auctions but also discusses the role of addiction to auctions.
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September 30, 1998 | Financial Times, A scientific formula for playing games in the dark
An introduction to Nash equilibria in coordination games and their associated problems in practice, including equilibrium selection. (by John Kay)
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June 11, 1998 | Business Week, The tortured genius behind game theory
A book review of A Beautiful Mind about John Nash.
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June 4, 1998 | Nature, Mathematics: The big match
Mixed strategies provide a solution for working and shirking in a mythical kingdom.
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October 7, 1997 | Wall Street Journal, Shipping price-fixing pacts hurt consumers, critics say
Discusses the operation of legal cartels in the ocean shipping industry.
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September 29, 1997 | Wall Street Journal, Easel pickings: For this art collector, priceless paintings are get-out-of jail cards
Reducing sentences for art thieves in return for stolen art creates perverse incentives to steal more.
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November 13, 1994 | New York Times, The lost years of a Nobel laureate
John Nash biographer Sylvia Naser discusses the Game theorist's life and work.
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1968 | Science, The Tragedy of the Commons
The cornerstone article popularizing the notion of tragedy of the commons.
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