Game theory in the popular press.


Game theory and economics in the news

August 18, 2006 Ventura County Star, Health plan for small firms to shut down
Insurers participating in pooled-employer programs lose money, possibly due to adverse selection, as high-risk employees are more likely to select certain plans. (by Allison Bruce)
August 17, 2006 BBC News, All is fair in love, war and poker
Game theory can be used to become the world champion of poker and to understand the commitment power of engagement rings. (by Tim Harford)
August 17, 2006 The Australian, Economic crunch of ageing
Annuities offer reduced risk for an ageing population, but adverse selection leads to high premiums, as those with high life expectancies are most likely to enroll. (by David Uren)
August 11, 2006 Globe and Mail, Taxpayers will pay the tab when it's 'too big to fail'
New bond-rating system for Canadian banks takes into account the likelihood of government bailouts, recognizing moral hazard (by Harry Koza)
August 10, 2006 Wired News, Drugs: Sports' Prisoner's Dilemma
The decision to take steroids and other performance-enhancing drugs is a dominant strategy, leading to a prisoner's dilemma (by Bruce Schneier)
August 8, 2006 The Korea Times, Things to Check Before Buying Homes in US
New regulations encourage Korean citizens to purchase homes in the US, but information asymmetry and adverse selection require caution -- a simple tale of the lemons problem applied to homes. (by Chang Se-moon)
August 8, 2006 MarketWatch, Lizards, rats & the investor's primitive brain
Even Wall Street's biggest money managers overbid in the traditional dollar auction. (by Paul B. Farrell)
August 3, 2006 Slate, Hezbollah and the Prisoner's Dilemma
Questions the wisdom of applying tit for tat to the Israel-Lebanon war (by Tim Harford)
July 31, 2006 Times Herald-Record, The cost of the moral hazard: You are paying for it
Regular flooding of the Delaware River is due to moral hazard. Responsible parties, including energy companies, face no responsibility as the federal government provides relief. (by Graham L. Brown)
July 29, 2006 Barron's, Hedging Your Hedge-Fund Bet
Argues that investors should stay away from hedge funds because of cognitive biases and the winner's curse. (by Jonathan Reiss)
July 28, 2006 Investor's Business Daily, Let Employees Control Future Of Retirements
Adverse selection in the pension insurance market is overcome with mandating insurance coverage, but moral hazard persists. (by Jagadeesh Gokhale and Peter van Doren)
July 27, 2006 Mail and Guardian, Medical schemes under the spotlight
Argues that waiting periods for medical insurance coverage in South Africa should be used only to overcome adverse selection, not to forward discrimination.
July 27, 2006 USA Today, Batter up! Sports economics hits field
Discusses why economic analysis of sport is becoming increasingly more common (by Sue Kirchhoff)
July 26, 2006 Gallatin News Examiner, Boater's game of chicken goes afoul
A drunk boater speeds directly at police, described as a game of chicken (with unfortunate pun) in the headline. (by Brandon Puttbrese)
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)
July 19, 2006 Pittsburgh Post-Gazette, CMU deals a winning hand for Texas Hold 'em
Computer scientists use game theory to create poker-playing computers. (by David Templeton)
July 19, 2006 PokerMag, WSOP Update - Day 22
William Chen, a PhD mathematician, uses game theory and mathematics to win at the World Series of Poker. (by Ryan McLane)
June 24, 2006 Slate, World Cup Game Theory
Optimal soccer penalty kicks require the use of mixed strategies. Zidane and Buffon are cited not only as world-class players but also master strategists. (by Tim Harford)
June 10, 2006 Slate, Buy! Buy! Buy! Sell! Sell! Sell!
Stock market frenzies and crashes need not be due to exuberance or idiocy, but may reflect rational signaling and information herding. (by Tim Harford)
June 7, 2006 ABC News, Judge rules dispute to be settled by 'rock, paper, scissors' match
Lawyers will face off, with the assistance of paralegals. Perhaps mixed strategy equilibria will be a required topic in law schools. (by Matt Sokoloff)
May 13, 2006 Slate, Risky Business
A discussion of the theoretical and psychological elements of risk in the insurance industry (by Tim Harford)
May 5, 2006 Financial Times, The Poker Machine
A lengthy discussion of the game-theoretic aspects of poker (by Tim Harford)
May 5, 2006 The Scientist, Sexual selection alternative slammed
Angry letters respond to a review article in Science which suggested that cooperative game theory is a better model of reproduction than Darwin's sexual selection. (by Nick Atkinson)
April 29, 2006 Slate, If Life Gives You Lemons ...
A discussion of Akerlof's famous lemon problem, and the role of adverse selction in the markets for used cars and insurance (by Tim Harford)
April 1, 2006 Slate, There's Not Enough Money in Politics
A clever argument, applying simple insights from auction theory, that lobbyists have less power than commonly imagined. (by Tim Harford)
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.
March 15, 2006 ABC News, Lose the weight, or wear the bikini on TV
Thomas Schelling's Nobel prize winning theory helps people diet, with public humiliation facing those who do not lose the weight.
March 6, 2006 BusinessWeek, The Secret To Google's Success
Describes Google's and Yahoo's online auctions for ad space, delving into the theory of first- and second-price auctions, and the winner's curse.
February 6, 2006 Morningstar, Buy J&J and Avoid the Winner's Curse
In suggesting investors buy Johnson and Johnson, the article touches upon the winner's curse in takeover abttles. (by Pat Dorsey)
December 8, 2005 Slate, It's not your grandpa's moral hazard anymore
An economist worries about the moral hazard created by the medicare prescription drug benefit. (by Austan Goolsbee)
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 )
September 2005 American Scientist, Cheating viruses and game theory
A certain bacteria-eatring virus plays the prisoner's dilemma, with "cheat" a substantial proportion evolving to play "cheat." (by Paul E. Turner)
August 29, 2005 The New Yorker, The moral-hazard myth
Argues that politicians have overstated the moral hazard problem in medical insurance, as few people would overconsume medical services. (by Malcolm Gladwell)
May 21, 2005 The Indian Express, Bombay, Football's zero-sum game
From the "reportes pointing out the painfully obvious" department, this reporter notes that the final match of the FA Cup is a "zero-sum game." (by Jayaditya Gupta)
May 18, 2005 CBS News, Listen to the children
Major auction houses forced to play rock-paper-scissors over rights to auction eccentric millionaire's art. "Sotheby's decided to leave its decision to chance, and had no particular strategy." (by Lloyd Garver)
May 18, 2005 Philadelphia Inquirer, Filibuster fight goes to core of the Senate
In the battle over the use of the filibuster in the United States Senate, members are "like testosterone-crazed teenage drivers locked in a game of chicken." (by Dick Polman)
May 18, 2005 Engadget, Interview: Steve Ballmer, CEO Microsoft
Steve Ballmer mentions "In the game theory of things, we assumed there was some probability" in analyzing entry decisions.
May 16, 2005 The Journal News, NY, Lucas' dark finale feels forced
Star Wars movie review and political commentary notes the fallen hero "Anakin morphs into a zero-sum tyrant ... almost the mirror image of George W. Bush." (by Kevin Canfield)
May 14, 2005 The Washington Post, Read 'em and weep: Mags cash in on poker craze
Brief reference to professional poker player Chris Ferguson, who is known as "Jesus" and wishes to become a professor of game theory. (by Peter Carlson)
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
May 4, 2005 The Economist, The tragedy of the commons, contd
A cause for the world's diminshing supply of fish "is the age-old 'tragedy of the commons', whereby anyone with access to a shared valuable resource has an interest in over-exploiting it, and it is in nobody's interest alone to maintain it."
May 3, 2005 The Times of India, Dogmatic rationality becomes irrelevant
(by Ashok Vohra)
May 2, 2005 CFRA News, Ottawa, Teen loses game of chicken with train
Not a good idea. (by Josh Pringle)
May 1, 2005 ABC News, Who's counting: math in narratives
Reviews the trend in film and on television to incorporate mathematical themes, including the film A Beautiful Mind and the show Numb3rs. (by John Allen Paulos)
April 30, 2005 New Scientist, Voters empowered by internet swap shop
Online vote swapping sites in the US and UK allow people to trade their votes for those in districts where they can have more impact. (by Celeste Biever)
April 29, 2005 Globe and Mail, Martin-Layton deal no surprise to some
Canadian politicians employ game theorists to assist in negotiation and deal-making with rival factions. (by Petti Fong)
April 29, 2005 Financial Times, Jungle Theories
A rather scathing review of Paul Omerod's "Why Things Fail" which includes references to bounded rationality and evolutionary game theory in explaining business failures. (by Paul Ormerod)
April 29, 2005 New York Times, Rock, Paper, Payoff: Child's Play Wins Auction House an Art Sale
Major auction houses forced to play rock-paper-scissors over rights to auction eccentric millionaire's art. "Sotheby's decided to leave its decision to chance, and had no particular strategy." (by Carol Vogel)
April 19, 2005 The Guardian, UK, Signal your opposition
The Prisoner's dilemma applied to politics: "Most people won't vote for the minor parties because they expect other people not to vote for them, and therefore consider such a vote wasted" (by George Monbiot)
April 19, 2005 Financial Times, Rules that breed selfish conduct
Prisoners' dilemmas are only troublesome when people are assumed to be selfish. Yet, if we predicate public policy on reciprocity and cooperation, better outcomes would result. (by John Kay)
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)
February 2005 Fast Company, You got game theory!
A somewhat disingenuous critique of game theory in which the author finds that no academic game theorist can provide concrete examples of game theory used by businesses. (by Martin Kihn)
January 31, 2005 Newsweek, Does your iPod play favorites?
People see patterns even when none exist, such as in IPod's randomization feature. This presents a behavioral challenge for mixed strategies. (by Steven Levy)
January 20, 2005 The Economist, Games people play
An evolutionary take on public goods contribution experiments, in which subject populations may converge to mixed strategies
2005 Beliefnet, Rooting for the Joneses
Describes the human emotion of jealousy as "a perfect paradigm of insufficiency: I am less because you are more. It's a zero-sum game." (by Marc Ian Barasch)
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 )
December 12, 2004 New York Times, The designated hitter as moral hazard
Baseball pitchers deliberately target hitters more often in the American League, where the pitchers do not have to take a turn at bat (by Daniel H. Pink)
October 25, 2004 Slate, Game Theory for Swingers
What states should presidential candidates visit in the final days of their campaign? Some strategies are dominant, others are mixed. (by Jordan Ellenberg)
October 18, 2004 Yale Global Online, US Presidential campaigns and the world
Argues that outsourcing and globalization are not zero sum games as the presidential campaign may make some believe.
October 18, 2004 Wired News, Awarding the brains behind AI
Daphne Koller, winner of the MacArthur "genius award," develops methods for calculating mixed strategies.
October 17, 2004 New York Newsday, States up for grabs dwindling
Allocation of resources across states by presidential candidates is a zero sum game.
October 15, 2004 Wall Street Journal, Vengeance is mine, sayeth the Lord -- But scientists differ [pdf]
What happens when people play public contribution games during a brain scan? We discover that people like punishing defectors even at a cost to themselves.
October 13, 2004 Wired News, New tack wins Prisoner's Dilemma
A modern updating of Axelrod's tournament finds a strategy that beats tit for tat in the prisoner's dilemma, but only by sacrificing team mates.
September 30, 2004 ABC News, How we guess what others will do
An introduction to the p-beauty contest and its repeated play, with some vague application to financial markets (by John Allen Paulos)
September 8, 2004 Financial Times, Game theory helps insurers to judge the risks of terror
A model offers game theoretic predictions of the likelihood of terrorist attacks.
September 2004 Monash University Newsline, Invasive ants form giant supercolony in Melbourne
Colonies of generally competitive ants have been found with a genetic mutation that turns off competitiveness and allows for large-scale cooperation (by Ingrid Sanders)
July 31, 2004 New Scientist, Why we do what we do
Decribes progress in the science of decision-making, including economic, psychological, and neurological perspectives. (by Laura Spinney)
April 13, 2004 Bloomberg, China's spending fury points to `moral hazard'
Local governments overspend due to moral hazard and inappropriate incentives rewarding growth without punishing expenditure.
April 8, 2004 Fox News, Private investment protects environment where government fails
Environmental protection suffers from the tragedy of the commons where public lands suffer due to a lack of property rights.
April 1, 2004 Mercury News, Wages are key to offshoring
Argues that outsourcing of American jobs is a tragedy of the commons in which each company raises its profits but leads to less purchasing power at home.
March 29, 2004 EurekAlert, Why AL batters get beaned more often
Moral hazard allows AL batters to get hit by pitches more often than NL batters since the designated hitter rule precludes a tit-for-tat response.
March 28, 2004 Times UK, Recession and other terrorist myths
Notes that international cooperation to fight terrorism is a prisoner's dilemma with each nation having incentive to do less than its share.
March 25, 2004, Lawmakers voice doubts about health savings accounts
Cites arguments that adverse selection will lead to only the healthiest accepting medical savings accounts, leaving remaining workers with higher health costs.
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.
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).
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.
March 2, 2004 Miami Herald, Wireless world awaits next big move
Cites an executive who notes that to sift through future scenarios for the telecom industry, "you need game theory to work them all out."
March 1, 2004 Wisden Asia Cricket, The humanising factor
Discusses the international importance of India-Pakistan cricket matches and notes that sport and war are often zero-sum games.
February 24, 2004 NPR, The Not So Random Coin Toss
Coins are more likely to end up facing the same way they started the coin toss, calling into question their use as a method of resolving disputes.
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.
February 1, 2004 New York Times, Incremental analysis, with two yards to go
David Romer's analysis suggesting that football teams punt too often is considered by the New England Patriots. (by David Loenhardt)
February 1, 2004 Boston Globe, Pigskin Pythagoras
Chronicles one man's attempt to bring sanity and careful calculations into football strategy. (by Jascha Hoffman)
January 28, 2004 New York Times, In Online Auctions, Misspelling in Ads Often Spells Cash
Amusing article about how misspelled auction listings are less likely to be found and thus create an arbitrage opportunity. (by Diana Jean Schemo)
January 20, 2004 New York Times, Subconsciously, athletes may play like statisticians
Athletes appear subconsciously to apply Bayes' Rule and to play equilibrium mixed strategies
2004 Auction World, The winner's curse
A leading auctioneer discusses the winner's curse, reflecting industry experience but only a vague, rudimentary view of auction theory (by Deb Weidenhamer)
December 19, 2003 Slate, Number Crunching: Why doesn't football have a Bill James?
A more reasoned approach to football strategy determines the value of each field position to calculate optimal play calling. (by Josh Levin)
November 11, 2003 The Register, Oracle chokes on PeopleSoft's poison pill
Strategic commitment highlighted through a poision pill provision, creating an additional $800 million cost to be assumed by Oracle in case of a takeover.
November 9, 2003 New York Times, The imperfect science of release dates
Strategic selection of movie release dates is often a game of chicken and often requires credible preemption.
November 1, 2003 Business 2.0, The card sharks from Silicon Valley
The new champions of poker include those skilled in probability and game theory (by Paul Keegan)
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.
October 28, 2003 Australian IT, Christmas comes early for Corbett
Argues that the market incorrectly views retailing as a zero sum game, punishing one chain for successes by another.
October 28, 2003 Montreal Gazette, Paper covers rock, hype lures media
The World Championships of Rock, Paper, Scissors take mixed strategies a bit too far but guarantee fun for all.
October 27, 2003 The Washington Post, Concert tickets moving to e-auctions
Ticketmaster begins to sell some concert tickets through auctions attempting to appropriate some surplus currently going to scalpers. (by Leslie Walker)
October 27, 2003 FrontPage Magazine, Illegal immigrants reshape the political landscape
The distribution of Congressional suits proportional to population makes it a zero sum game, leading to battles over counting illegals.
October 27, 2003 Salt lake Tribune, Use your head
Short letter to the editor notes that moral hazard leads to more head injuries for skiers wearing helmets than for those foregoing the safety gear.
October 27, 2003 Houston Chronicle, Extra life insurance from employer often too costly
Employer life insurance is too costly due to adverse selection. Only the sickest employees sign up, leading to higher premiums.
October 24, 2003 Chicago Sun-Times, Prof offers proof Cubs have only themselves to blame
Game theory helps determine likely outcome of game if fan had not interfered.
October 17, 2003 LinuxWorld, The powerful economic underpinnings of OSS
Argues that open source software does not cause a tragedy of the commons but in fact turns the tragedy "into a Tragedy into a Cornucopia."
October 16, 2003 IT Web, Warmed-over Bayesian ham and spam
Bayesian probabilistic spam filters work better than static checking against keywords or address lists.
October 9, 2003 The Economist, Fat Cats Feeding
Discusses trends in executive incentive pay in light of recent scandals.
October 6, 2003 Newsweek, An experimental mind
Highlights Vernon Smith's contributions to behavioral economics and notes how the field is finding new applications.
October 1, 2003 eWeek, Zeroing in on site and security flaws
Computer system security is not simply a probabilistic exercise since hackers are strategic actors. Game theoretic thought is required.
September 25, 2003 Tech Central Station, The game theory of nuclear proliferation
When nuclear weapons are involved, perhaps counting on rationality and common knowledge is a bit too much to ask, given the cost of failure.
September 23, 2003 KESO News Channel, Man behind recall urges Schwarzenegger or McClintock to drop out
Worried that the two republican frontrunners will split the vote, Congressman Issa issues a threat to oppose both.
September 23, 2003 New York Post, Why Clark will fade
Argues that the Clintons wish to change the game for personal gain, propping up weak candidates to prolong confusion.
September 17, 2003 National Geographic, Monkeys show sense of fairness, study says
The finding that monkeys have an innate sense of fairness may mean that altruism may be quite rational.
September 17, 2003 USA Today, Researchers find monkeys know when they're getting ripped off
A (dubious) study finds that a species of monkeys has an innate sense of fairness. Perhaps the monkeys should have played an ultimatum game.
September 11, 2003 New York Times, Two years later, a thousand years ago
A simplistic characterization of globalization and interdependence as making the world "more nonzero-sum," tying American prosperity to that of other nations.
September 8, 2003 Fresno Bee, Florez air bills may have to wait
Classic game of chicken in the State Assembly over an environmental bill as the legislative deadline nears.
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.
September 5, 2003 Forward, Israeli economists' dangerous minds
Notes that economists are more greedy than other people in the ultimatum game. (by Avia Spivak)
August 28, 2003 Economist, To have and to hold
Discusses common evidence of irrationality and a possession effect in economics.
August 7, 2003 TechNewsWorld, Neural-network technology moves into the mainstream
Notes how several companies combine neural networks with game theory to create software to mine consumer data and create targeted campaigns.
August 3, 2003 New Scientist, Biggest not always the daddy in mating game
In the evolutionary mating game, experienced partners of a number of species prefer weaker males, potentially as a signal of less abuse to come.
August 1, 2003 New York Times, Schwarzenegger and top ally mum as filing deadline nears
As the recall election filing deadline approaches, Schwarzenegger and Riordan play game of chicken as only one should run, but should enter at the final moment.
July 31, 2003 Freezerbox, Who profits from erasing Iraq's debt?
A Pentagon advisor believes that financiers of "vicious dictatorships" should face a moral hazard but perhaps the hazard is for not supporting US efforts?
July 28, 2003 The Guardian, Caught on tape
A 1974 parody show serves as an example of "Living Scultpure". Contestants participated in a prisoner's dilemma with payoffs reflected as hours of solitary time in a basement.
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.
July 27, 2003 New York Times, How to vote? Let us count the ways
Describes alternative voting systems and metions Arrow's Impossibility Theorem (by Michael Cooper)
July 16, 2003 Kansas City Star, This deal had losers, not victims
A judge believes that investors should take responsibility for stock market losses. Allowing losers to sue brokerages would create a moral hazard.
July 11, 2003 San Francisco Chronicle, Republicans agree, in theory, to unite on one candidate
California republicans face a tragedy of the commons as more candidates entering against Governor Davis implies a smaller chance of any Republican winning.
July 10, 2003 Herald Tribune, The new card shark
Poker professionals are studying up online and by using simulation software which uses game theory to determine optimal strategies.
June 28, 2003 New York Times, Calculating the irrational in economics
Recaps a behavioral economics conference and discusses some common failures of rationality.
June 24, 2003 New York Times, A mathematician crunches the Supreme Court's numbers
Do Supreme Court members vote independently or are there clear and repeating patterns?
June 17, 2003 New York Times, Brain experts now follow the money
Calls for the advent of "neuroeconomics," a blending of game theory and emotion allowing for standard anomalies in rationality.
June 8, 2003 New York Times, Hollywood Defections Leave Agency Low on Tinsel
Lack of new talent means Hollywood talent agencies playing zero sum game, fighting over fixed resources.
June 1, 2003 CIO Magazine, Forward thinking about reverse auctions
Points out that online auctions are not a panacea, and warns against concentrating solely on price.
May 30, 2003 Business Week, The Jobs Wizard of Wharton?
New director of career services at Wharton uses game theory for optimal interview scheduling.
May 20, 2003 Sydney Morning Herald, How to bomb friends and alienate us all
Both tightening of security post 9/11 and terrorists' increased pursuit of "soft" targets reflect optimal mixed strategies.
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.
May 15, 2003 Slate, Both sides now
A game theoretic analysis of the Middle East conflict, considering irrationality and whether the game is or is not zero-sum
May 10, 2003 New Scientist, To trust is human
One researcher suggests a hormonal cause of good will in games and an inverse link between religion and altrusim. (by Ken Grimes)
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."
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.
April 21, 2003 The Guardian, Writing off tyrants' debt is a principle that should be extended to even poorer nations
Does forgiving post-war Iraq its pre-war debts create a moral hazard for other countries?
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.
April 14, 2003, Terrorism and the moral hazard
Argues that the insurance-industry requirement to offer terrorism insurance will lead to more terrorist attacks as moral hazard precludes care.
April 7, 2003 AScribe, Stealing bases just doesn't pay, says baseball game theorist
The threat of stealing a base keeps the opponent guessing but few games are won due to base stealing.
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.
March 30, 2003 Cincinnati Enquirer, How smart is it to be trusting?
Being trusting in business is not naive but an optimal way to play repeated prisoner's dilemmas according to Axelrod's findings.
March 20, 2003, The mother of all gambles
Financial auction markets are better predictors of world events, from terrorism to elections.
March 16, 2003 Post-Gazette , Bush is playing 'chicken' not only with Saddam, but with the U.N. and allies, as well
Diplomatic and military brinkmanship games require strong commitments to win. Who will blink first on each front?
March 13, 2003 Economist, Pro bono publico
Reports on initial simulations of the evolution of cooperative societies, overcoming the incentive to free ride.
March 1, 2003 Beyond Discovery (NSF), The bidding game
A concise introduction to auction theory, including auction types, the winner's curse, and the FCC Spectrum Auctions.
February 17, 2003 Slate, Fortune 500, meet Daytona 500: What NASCAR can teach us about business
Race cars drafting resemble a stag hunt game; racers balance cooperation and aggression.
February 16, 2003 Cariocas Press Release, Cariocas raises $5.25 million in second-round funding
Marketing firm creates customer loyalty and retention products through applications of game theory.
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)
February 7, 2003 BBC News, The maths of Lords reform
Models of strategic voting inform how different procedures in Britain's legislature may lead to distinct outcomes.
January 31, 2003 Wall Street Journal, Ford, GM escalate price war with latest rebates for SUVs
Price wars continue in the prisoner's dilemma of automotive pricing.
January 27, 2003 Dallas Morning News, Physicists play games with quantum mysteries
Quantum computing holds a solution to the prisoner's dilemma, physicists show.
January 24, 2003 Chronicle of Higher Education, Taking on 'rational man'
Chronicles the heterodox movement in economics and discusses the relaxation of rationality assumptions.
January 23, 2003 Los Angeles Times, Do the math: Rooting out terrorists is tricky business
Bayes' Rule indicates that even if we can predict a future terrorist with great accuracy, we will usually be wrong.
January 20, 2003 Philadelphia Inquirer, Strategic science
Game theory is applied to terrorism prevention, from optimal vaccination to baggage screening.
January 20, 2003 American Medical News, Managed care easing gatekeeper hassles
Discusses the role of capitation and other incentive pay packages in managed care.
January 13, 2003 Gambling Magazine, Game and probability theories may suggest different strategies
A perverse (and incorrect) application of the minimax notion of mixed strategies to poker.
January 12, 2003 New York Times, A surge in saber-rattling at the precipice
Describes the origin of the word brinkmanship and the game of chicken from James Dean to Iraq.
January 11, 2003 Business Standard, The games anti-Keynesians play
Game theorist John Nash likes Keynesian economists to Bolsheviks, speaks against nation-controlled currencies.
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.
January 9, 2003 Washington Post, Finding shelter with Uncle Sam
Companies increasingly use incentive pay to shift profit risks to employees.
January 8, 2003 Tech Central Station, The cyberspace commons?
Since many Web resources are public, the tragedy of the commons occurs, diminishing their usefulness.
January 5, 2003 ABC News, Future world: privacy, terrorists, and science fiction
An application of Bayes' Rule indicating that even if we can predict a future terrorist with great accuracy, we will usually be wrong. (by John Allen Paulos)
2003 Wall Street Journal Europe, A primer for government auctions
The winner's curse impacts auctions for telecom licenses. Effects could be reduced through transparency and information-sharing. (by Bhaskar Chakravorti)
December 30, 2002 University of Washington, In mutually beneficial relationship, slowest-evolving species gains upper hand
When species coevolve, the one that adapts slower effectively commits and may be better off.
December 24, 2002 Reality News Online, Is the key to Survivor in 'non-cooperative games'?
Discusses how the reality TV show's many strategic challenges can be analyzed with game theory.
December 19, 2002 The Economist, Nomadism in Mongolia
Collective herding in Mongolia suffers the tragedy of the commons as some leaders call for privatization.
December 17, 2002 Cato Institute, Why the United States should not attack Iraq
Argues that Saddam Hussein is rational and deterrence may be achieved through credible commitment.
December 13, 2002 University of Minnesota , Nomadism in Mongolia
Blue Jays trained to play the prisoner's dilemma appear to adopt a tit-for-tat strategy, leading to cooperation.
December 6, 2002 Disinformation, The art of mega deals
Rupert Murdoch's success in business is partly the result of "understanding how game theory shaped deal negotiations and inter-firm competition" (by Alex Burns)
December 1, 2002, Will filters kill spam?
Describes a Bayesian approach to filtering spam from users' mailboxes.
November 29, 2002 St. Petersburg Times, Whom do drug benefit managers help?
Suggests that a Medicare prescription benefit would result in financial troubles due to adverse selection.
November 26, 2002 United Press International, The bear's lair: Unnatural monopolies
The Federal Reserve's stimulus policies present a moral hazard.
November 19, 2002 MSNBC, Capitol Hill's last-minute maneuvers
The game of adding pork to important legislation through bill riders represents a political game of chicken.
November 18, 2002 Toronto Star, Why paper and scissors rock
Hundreds of competitors at the World Rock Paper Scissors Society add a heuristic approach to mixed strategies.
November 18, 2002 Seattle Times, Data-storage field learning to cooperate
Compatibility of hardware and software is a prisoner's dilemma, resolved by the adoption of standards.
November 17, 2002 San Francisco Chronicle, Key Enron energy trader excelled at power game
Timothy Belden, at the center of the Enron scandal, studied game theory at Berkeley.
November 15, 2002 Miami Herald, Nash of 'A Beautiful Mind' fame testifies in Benlate case
John Nash acts as expert witness in support of game theory in the court room.
November 8, 2002 Chronicle of Higher Education, Calculus of the battlefield
Describes at length research noting that deterrence in international relations requires fending off only select attacks.
November 5, 2002 New York Times, Departing Chief Says I.R.S. Is Losing War on Tax Cheats
Auditing tax payers requires mixed strategies but greater enforcement costs require proportionally greater funding.
November 4, 2002 Poker Mag, The truth about poker players
Short commentary argues most poker players decide on a whim, not optimal mixed strategies.
November 2, 2002 Science News, Election Selection: Are we using the worst voting procedure?
Discusses different voting systems and how the outcomes depend greatly on the specific rules employed.
October 31, 2002 ESPN, Fourth-down analysis met with skepticism
Paul Romer's findins that teams should punt less often given the odds criticized by professional coaches.
October 31, 2002 Economist, NP or not NP?
Tetris, the addictive computer game, is not only hard, it is NP-complete.
October 31, 2002 Government Computer News, U.S. should fund R&D for secure Internet protocols
Since security is a public good, developing secure protocols is a tragedy of the commons. (by William Jackson)
October 31, 2002 The Economist, Setting the trap
Applauds U.S.-style antitrust laws that provide immunity to cartel members who come forward as a "clever use of game theory" creating a race to cooperate.
October 25, 2002 Harvard Crimson, Philosopher attacks self-interest
Philosopher offers resolution to prisoner's dilemma relying on the establishment of "social identities."
October 24, 2002 The Independent, Fishing industry falls victim to the tragedy of the commons
Global overfishing and a dwindling supply of fish the result of a tragedy of the commons.
October 23, 2002 Slate, Should we pay off the sniper?
Payoffs may encourage copy-cats, a moral hazard but may be worth considering if the threat is sufficiently credible
October 22, 2002 Daily Trojan (USC), Exorcising the ghosts of American foreign policy
Argues Kissinger's foreign policy based on zero-sum game theory.
October 22, 2002 Daily Hampshire Gazette, 'Game theory': excuse for anything
Local columnist blames the field of game theory for the existence of unethical behavior.
October 20, 2002 Gambling Magazine, Game and probability theories may suggest different strategies
Applies minimax solution concepts to zero-sum casino games.
October 19, 2002 BBC News, Coffee cartel shuts up shop
Association of Coffee Producing Countries fails to maintain prices and cooperation, abandons collusion.
October 18, 2002 Slate, Conspiracy at State College
Joe Paterno's seeming irrationality may be commitment device to instill fear in officials.
October 11, 2002 Business Week, Nobel laurels for an odd couple
Nobel prize awarded for pioneering work in experimental economics and behavioral game theory.
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.
October 9, 2002 Slate, TiVo, we hardly knew ye
The demise of the digital video technology demonstrates the first mover disadvantage in technology.
October 1, 2002 Asia Times, OPEC in the line of fire
The repeated prisoner's dilemma of OPEC cooperation is unstable.
October 1, 2002 Dr. Dobb's Journal, The science of complexity
Provides algorithms for modeling complexity: boundedly rational agents playing repeated congestion games
October 1, 2002 Physics World, Let the quantum games begin
Quantum computing holds a solution to the prisoner's dilemma and other games, physicists show. (by Chiu Fan Lee and Neil F Johnson)
September 20, 2002 United Press International, Experts chip away at Medicare drug plans
Prescription drug coverage proposals face adverse selection problems as healthy less likely to sign on.
September 9, 2002 The Guardian, Terror training
Alan Dershowitz argues that a credible commitment not to negotiate with terrorists decreases terrorist attacks.
August 31, 2002 Milwaukee Journal Sentinel, Union keeps Midwest Express guessing
Union uses mixed strategies in threatening slowdowns to gain upper hand in negotation
August 29, 2002 New York Times, When economics shifts from science to engineering
Economists design market mechanisms including auctions and the National Resident Matching Program.
August 19, 2002 SF Gate, Cal prof says teams should go for it more often on fourth down
American football coaches should punt less often, given the odds.
August 9, 2002 The Independent, IMF's $30bn bailout for Brazil sends lenders the wrong signal
International monetary fund bail-outs cause moral hazard, bad investments (by Philip Thornton)
August 1, 2002 Discover, The Mathematics of... Auctions: Going Once, Going Twice
Overbidding in auctions and quantal response equilibria.
August 1, 2002 New York Times, In an Ancient Game, Computing's Future
The game of Go is deceptively simple to learn but challenging for even a computer to play.
July 31, 2002 Wired, Game theory for real people
Argues for interdisciplinary approaches to game theory to replace rational paradigms.
July 30, 2002 Forbes, How to salvage stock options
How stock option bonuses can align incentives of shareholders and executives.
July 30, 2002 Miami Herald, Market decline reveals hazards
Stock options create a moral hazard, incentives for short-term stock price spikes.
July 30, 2002 Financial Times, In search of self-interest
Considers whether historical figures in politics and business satisfy the assumptions of homo economicus, and notes that the definition is quite similar to that of a sociopath. (by John Kay)
July 29, 2002 InfoWorld, Incentive Systems announces name change, new EIM suite
Discusses the rising business of software for managing incentive pay of sales forces.
July 25, 2002 Fox News, Living Together Before Marriage May Hurt Chances of Staying Together
Explores the commitment of marriage and its higher success rate than cohabitation.
July 23, 2002 New York Times, Why We're So Nice: We're Wired to Cooperate
Psychiatrists note that cooperation in the prisoner's dilemma is part of innate altruism.
July 18, 2002 Atlanta Journal-Constitution, Why cooperate? It's a pleasure, says Emory study
Psychiatrists note that cooperation in the prisoner's dilemma is part of innate altruism.
July 1, 2002 Risk & Insurance, Terrorism Insurance: Where's the Coverage?
Terrorists' strategic response to new defenses must be considered in formulating policy and estimating risk.
June 27, 2002 Economist, Bidding adieu?
Examines the role of the winner's curse in auctions for cell phones and IPOs.
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.
June 1, 2002 Natural History, Cheaters and chumps
Discusses game theory's contribution to evolutionary cooperation, noting the role of anonymity, repeated play, and kinship.
May 11, 2002 New Scientist, Natural born killers
Can sucide bombers be explained as hawks among doves ? An evolutionary psychology viewpoint.
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)
May 1, 2002 Scientific American, When markets go mad
Econophysics tries to explain market movement melding adaptive systems resarch with behavioral game theory.
May 2002 Wired, Winner's Curse: The 3G auctions were the last party of an old regime
Argues for an unregulated radio spectrum, without auctions distributing licenses for cell phones. (by Chris Anderson)
April 8, 2002 Wall Street Journal, Can the risk of terrorism be calculated by insurers?
Understanding the mixed strategy game of target selection and defense helps quantify risk.
April 8, 2002 Roanoke Times, Ensuring discrimination
Considers the relationship between credit histories and moral hazard in the insurance industry. (by Reginald Shareef)
April 3, 2002 Nature, Physicists play by quantum rules
Quantum computing holds a solution to the prisoner's dilemma, physicists show.
April 1, 2002 Entrepeneur Magazine, The Art of (Price) War
Price wars are often not sustainable and value-pricing may be a better proposition.
March 25, 2002, The Fed and Moral Hazard: have the nuts taken over the asylum?
Argues that the Federal Reserve's economy-bolstering actions create a moral hazard.
March 22, 2002 Video Business, A Game of Chicken
Movie studios and movie rental stores are embroiled in a game of chicken according to executives.
March 18, 2002 InformationWeek, Playing The Nonzero-Sum Game March
Globalization has transformed relationships into non-zero sum games
March 18, 2002 Business Week, Game theory's hidden holes
Disequilibrium play in the traveler's dilemma and games with mixed strategies
March 16, 2002 ABC News, FTC Files Drug Co. Complaint
Generic drug makes paid not to produce generics in cooperation among pharmaceutical manufacturers.
March 6, 2002 New Scientist, Maths picks moment for soccer super subs
Soccer coaches substitute players too late in the game according to new mathematical models.
March 2002 Beacon Hill NewsLink, Summer's here! Let the Hollywood games begin
How movie studios signal the dates of movie releases to avoid heavy competition.
February 25, 2002 Christian Science Monitor, Partisan 'game of chicken' over jobless benefits, tax cuts
In an election year, which party will blink first in game of chicken over tax cuts and benefits?
February 9, 2002 CNet, Partners today, rivals tomorrow
Notes the need to consider strategic moves by current partners, including post-contractual hold up and moral hazard.
January 23, 2002 ZDNet, PGP creator: Snooping must be curbed
Encryption: the web is a one-shot, not an iterated prisoner's dilemma
January 23, 2002 HealthScoutNews, Study Reinforces Power of the Golden Rule
The tragedy of the commons may be resolved through indirect reciprocity.
January 11, 2002 Poker Digest, How winning and losing alters our perceptions of risk
Applications of Thaler's research on risk tolerance and rationality to poker
January 10, 2002 Texas A&M University, Social Interactions May Be Traced Back To Carnivorous Behavior
Cooperative hunting and meat-sharing analyzed as a cooperative game and a negotiation.
January 10, 2002 Nature, Homo Reciprocans
Human altruistic tendencies result in punishing free-riders, potentially resolving the tragedy of the commons. (by Samuel Bowles and Herbert Gintis)
January 5, 2002 The Diamond Angle, The winner's curse
Baseball players are like oil wells, in that poor bidding strategy for either leads to the winner's curse. (by David Marasco)
January 4, 2002 New Scientist, Euro coin accused of unfair flipping
Lack of uniformity across European Euro coins leads to different odds of heads and tails in different countries. (by Debora MacKenzie)
January 3, 2002 Business World, Who will blink first in German telecoms poker?
German auction for new-generation mobile licenses
January 3, 2002 Nature, The physics of the trading floor
Physicists argue that irrationality leads to exploitable patterns in the stock market. (by Mark Buchanan)
2002 Bangkok Post, Four-year timeframe looks likely
Deposit insurance agency may introduce moral hazard by charging the same premiums from all institutions regardless of risk.
December 21, 2001, Notes on the economics of game theory
Provides extensive introduction to game theory and argues that Eastern Europeans view business culture as a zero-sum game.
December 15, 2001 Software Development Times, Does obscurity equal security
Open-source software and network security represent hawk-dove games
December 4, 2001 CNet, Blunders aplenty in AT&T, @Home talks
Excite loses in game of chicken against AT&T by underestimating its opponent
December 1, 2001 Discover, Why we take risks
Describes evidence of Amotz Zahavi's "handicap principle" by which risky, extravangant behaviors by many species of animals signal strength and ability.
December 1, 2001 Psychiatric Times, World leaders not immune to trauma
How world leaders play games and maintain rationality under stress
November 22, 2001 The Guardian, EC fines 'Vitamin Inc' cartel
Cooperation among European vitamin manufacturers deemed collusive.
November 15, 2001 Nature, Playing by quantum rules
Quantum computing holds a solution to the prisoner's dilemma, physicists show. (by Erica Klarreich)
November 5, 2001 New York Magazine, The domino theory
Mayoral race in New York includes cascades, strategic voting, and games of chicken
October 31, 2001 The, Moral hazard lights flare around bailouts
Government aid to the insurance industry presents a moral hazard problem
October 24, 2001 ABC News, Drug hoarding and 'Prisoner's Dilemma'
The desire to hoard antibiotics in response to anthrax threats leads to a prisoner's dilemma and limited supplies. (by John Allen Paulos)
October 10, 2001 Nature, Machiavellian tactics modelled
Strategic voting suggests that we may want to vote for our enemies to improve our situation.
October 8, 2001 eWeek, Not just dumb bugs anymore
Information technology: the need for game theory, since opponents are rational
September 28, 2001, Flying pork barrels
The benefits of taking on risk are higher-than-average returns, but there are no risks if airlines are bailed out.
September 10, 2001 Forbes, The tragedy of the commons
Discusses web-based business plans in light of the tragedy of the commons and the need to privatize Web resources.
September 6, 2001, Sell me a story
Why are buildings in the same city of different heights? Negotiation may lead to higher profits from each building.
September 1, 2001 Fast Company, What is the New Economics?
Discussion of Shiller's work in behavioral finance
August 18, 2001, NBA team as status symbol becoming more like an idol.
Cities cought in a prisoner's dilemma over recruiting basketball teams.
August 2, 2001 Science Daily, Adversaries would find other attack methods, game theory shows
Credibility in missile defense systems.
August 2, 2001, Researcher proposes North American wheat board
Attempts at collusion present free-riding concerns
July 29, 2001 New York Times, A Bicycling Mystery: Head Injuries Piling Up
Increased use of bicycle helmets leads to moral hazard, more injuries.
July 16, 2001 Science Now, Autumn leaves, a secret sign?
Trees signal defenses to insects.
July 10, 2001 Nature Science Update, Trees tell pests to leaf off
Trees signal defenses to insects.
June 26, 2001 Sierra Times, The Tragedy of the Commons
Argues that public ownership of forests leads to a tragedy of the commons.
June 18, 2001 Business Week, California's giant game of chicken
Energy companies play game of chicken with regulators
June 1, 2001 CFO Magazine, Building a better carrot
Companies struggle with moral hazard and offer incentive pay to even lower-level employees.
May 3, 2001 The Economist, The line of least resistance
Antibiotic resistance presents a tragedy of the commons.
May 2, 2001, Why are we getting so fat?
Is modern medicine lowering the health risks of obesity? and other incentive and moral hazard arguments.
April 28, 2001 New York Times, Adding art to the rigor of statistical science
Bayesian probability analysis gains popularity in uses ranging from effectiveness of medical procedures to email screeners.
April 10, 2001 DevX Press, and Microsoft launch prisoner's dilemma game...
The prisoner's dilemma as an educational tool for developers.
April 6, 2001 Nature, A lighter shade of egg
Laying a final pale egg deters free riding "egg dumpers" by signaling that incubation has begun.
March 23, 2001 Dayton Business Journal, Game theory applied to lure health care workers
Hospitals bidding for nurses find themselves in a prisoner's dilemma.
March 22, 2001 The Economist, Son of paperclip
Microsoft applies Bayesian probability analysis to decide when a user needs help or advice.
March 7, 2001 Financial Times, Peak performance
An eulogy to Herbert Simon, describing his theory of satisficing and contributions to behavioral economics. (by John Kay)
March 1, 2001 Rationally Speaking, Game theory, rational egoism and the evolution of fairness
Asks if ethics are rational and discusses the ultimatum game.
February 19, 2001 Nature News Service, Secret of sports thrills spilled
Every sport is identical, in a sense, as all are random walks.
February 11, 2001 New York Times Magazine, Exuberance is rational
Discusses Thaler's criticism of rationality and how behavioral game theory helps in financial markets.
February 8, 2001 USA Today, Cruise lines draw profits from selling works of art
How the excitement of art auctions at sea leads participants to overbid and overpay.
February 1, 2001 ABC News, Coins and Confused Eyewitnesses
Bayes Rule suggests that it is likely that an eye witness picks the wrong person.
January 28, 2001 Traffick, Market forces may solve search engines' "tragedy of the commons"
Submission charges may improve search results, diminishing the tragedy of the commons
2001 The Games Journal, Aggression in multi-player games
Early aggression may lead to retribution in strategy board games.
2001 Technology Acquisition Update, Negotiating when value is not tangible
Provides a guide to negotiation in low-information environments, and notes the role of perception.
December 16, 2000 Environmental News Network, Lizards play rock-paper-scissors in the game of life
Multiple mating strategies survive in the mixed-strategy equilibrium
December 5, 2000 Scientific American, Mating lizards play a game of rock-paper-scissors
Multiple mating strategies survive in the mixed-strategy equilibrium
December 1, 2000, Why Men Pay To Stay Married
Post-divorce wage differentials explained through search and matching models.
December 1, 2000 Server World, B2B: Keep it complex - stupid
Electronic commerce: automated negotiation requires understanding of game theory
November 22, 2000 The, The malls get decked: Retailers minding too many stores
Retail overexpansion the result of a prisoner's dilemma
November 1, 2000 Discover, May the best man lose
Examines alternate voting systems such as the Borda count and notes that John McCain's chances would have been better without a plurality system.
October 31, 2000 Wired, Vote trade: the democratic way?
Nader and Gore supporters demonstrate strategic voting by swapping votes.
October 18, 2000 CNET News, Revenue-sharing contracts boost supply chain performance
Blockbuster experience highlights greater profits from negotiating revenue sharing arrangements in the supply chain.
October 4, 2000 Business World, The unbearable lightness of ad revenue
Electronic commerce: constant-sum games in online advertising
September 28, 2000 Economist, In praise of Bayes
Discusses the rise of Bayesian statistics and reasons for the existence of detractors.
September 1, 2000 Campaign for America, The billionaire's buyout plan
Warren Buffett proposes to change the rules of the campaign finance strategic voting game
August 27, 2000 New York Times, A tale of two fisheries
Fisheries in Rhode Island suffer from the tragedy of the commons
August 25, 2000, To the last 'survivor'
Examines cooperation in extensive-form games on the TV show "Survivor."
August 25, 2000 CNN Money, De Beers buffs its image
Discusses the transformation of the diamond cartel in light of greater competition.
July 24, 2000 Global Economic Forum, Global: Coming to Grips with Moral Hazard
Examines the inherent moral hazard created by bail-outs of international financial markets.
July 12, 2000 Beyond, Putting the pawn into rocket science
Application of zero-sum pursuit-evasion games to missile defense.
July 12, 2000 Science a GoGo, The game of missile interception
Application of zero-sum pursuit-evasion games to missile defense
July 12, 2000 Financial Times, Beauty and the bidder
Auctions are useful market allocation mechanisms when the reward is mostly monetary, but do poorly when the prize is of psychological value. (by John Kay)
July 1, 2000 Lingua Franca, Death of an altruist
Evolutionary biologist George Pierce believed in the evolution of cooperation
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)
June 19, 2000 eeTimes, Bill Gates could gain a lot from a little game theory
Discusses tit-for-tat as an optimal strategy in repeated games
June 1, 2000, The 2000 compensation survey: Riding the bull
Stock options reward executives when prices rise but this does not mean incentives are aligned.
June 1, 2000 New York Times, Managing online security risks
Proper assignment of liability creates the incentives for those best able to manage risk to do so.
April 28, 2000 CNN Money, Britain's cellular bonanza
Third generation (3G) cell phone services auction in Britain
April 23, 2000 The Observer, Sold to the slyest bidder
Information and toeholds in auctions for UK soccer teams
April 10, 2000 Lou Krieger, A little game theory
Optimal bluffing in poker requires understanding mixed strategies
March 30, 2000 Nature, Survival of the clearest
Evolutionary game theory used to explain the evolution of human language.
March 20, 2000 BusinessWeek, Online Auctions: Going, Going, Gone...Sucker!
Despite the popularity of online auction sites, auctions suffer from several shortcomings including the winner's curse and design issues. (by Peter Coy)
February 7, 2000 First Monday, Social Science at 190 MPH on NASCAR's biggest speedways
Race cars drafting (tailgating) go faster together resembles a stag hunt game
January 25, 2000 New York Times, Paradox in Game Theory: Losing Strategy That Wins
Alternating between two losing gambles can lead to winning
January 1, 2000 Scientific American, For quantum prisoners, there may be no dilemma
Quantum computing holds a solution to the prisoner's dilemma
December 23, 1999 Nature, Good news for losers
Alternating between two losing gambles can lead to winning
October 23, 1999 New York Times, Selling Fashion Models' Eggs Online Raises Ethics Issues
Internet auctions take a strange turn in allocating ova to highest bidders.
August 23, 1999 New York Times, Multimedia Transmissions Drive Net Toward Gridlock
Lack of Internet pricing schemes leads to a tragedy of the commons and high congestion.
July 14, 1999, 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.
May 3, 1999 Forbes, The wild one
Understanding incentives may explain why helmet laws increase fatalities
May 1, 1999 New Jersey Lawyer, Negotiating better results for your clients
Rules for negotiation and repeated encounters
April 14, 1999 Financial Times, Playing chicken can clip one's wings
Describes how the game of chicken applies not only to film versions of teenage angst, but also to common business situations. (by John Kay)
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.
April 1, 1999 The Atlantic, Living in Candlestick Park
International relations: replacing game-theoretic models with ones from geology
April 1, 1999 Nature, Phage-lift for game theory
Primitive phages, bacteria-infecting viruses, play the prisoner's dilemma on a genetic, evolutionary level.
March 19, 1999 Slate, The agony of victory
How online auctions worsen the winner's curse by introducing more and more irrational bidders.
February 4, 1999 The Economist, Quantum computing: playing games
Quantum computing can revolutionize game theory with a new breed of mixed strategies
January 29, 1999 Commonweal, Who's driving: the market's dilemma
Incorrectly describes a stock market bubble as a prisoner's dilemma but does describe the boundedly rational greater fool theory.
October 31, 1998 New Scientist, Theory on stage
Letter noting that dramatists can view character development in terms of game theory.
October 10, 1998 New Scientist, Don't get even, get mad
Drama Theory attempts to reconcile game theory with irrationality, emotional commitment.
October 5, 1998, The brightest and the brokest
Moral hazard in the Fed's bailout of Long Term Capital Management
October 1, 1998 Physician's News Digest, IPAs confront market challenges
Risk management and incentive pay in physician groups.
October 1, 1998 Fast Company, Decisions, decisions
Famous people describe their decision-making paradigms
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)
July 1, 1998 Business Week, Game theory wasn't meant to be a forecasting tool
A brief letter on game theory 's use in business to model interactive decision-making.
July 1998 American Scientist, Animal contests as evolutionary games
Evolutionary game theory explains how animals react to meeting a rival from the same species face to face. (by Mike Mesterton-Gibbons and Eldridge S. Adams)
June 11, 1998 Nature, Help and you shall be helped
Can cooperation in prisoner's dilemma -type games evolve without repeated interaction, through indirect reciprocity?
June 11, 1998 Business Week, The tortured genius behind game theory
A book review of A Beautiful Mind about John Nash.
June 4, 1998 Nature, Mathematics: The big match
Mixed strategies provide a solution for working and shirking in a mythical kingdom.
February 6, 1998 Slate, Uninsured-Motorist Fun
Both high and low auto insurance premiums can be self-fulfilling prophecies, as two equilibria exist. The better equilibrium, overcoming adverse selection, may come about by mandating insurance. (by Steven E. Landsburg)
1998 The Slab, Tit for Tat
Describes the use of tit for tat throughout the natural world and notes Axelrod's findings.
December 19, 1997 New Statesman, How about some Christmas brain-teasers with a twist?
Suggests Shubik's dollar auction as a fun family activity (though offers no disclaimer to the likely feud that will result).
November 24, 1997 The Business Journal (Milwaukee), In match penny stock theory, playing to win is a losing bet
Why beating the S&P is like playing matching pennies
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.
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.
July 1, 1997 Pollution Engineering, Industry, regulators learn to play the game
Pollution regulation is a prisoner's dilemma between companies and regulators
June 10, 1997 New York Times, Frog's Unusual Diet for a Longer Life: A Medley of Toxins
Poisonous frogs adopt different behaviors than their nonpoisonous kin, including brighter colors and dayime activity. (by Verne G. Kopytoff)
April 19, 1997 New Scientist, Game theory backs crackdown on petty crime
Zero-tolerance policing is a game of chicken between cops and sociopaths.
March 14, 1997 Financial Times, Lemon economics
Only recently have economists provided explanations for the existence of advertising. It may be informative, reducing the lemons problem, or a commitment device, by "burning money." (by John Kay)
December 2, 1996 Wireless Week, Cities bought cheaply: F-block bids go at penny a pop
The new round of the FCC specrum auctions received low prices in some areas, due to bidding increment rules and relatively low turnout.
November 18, 1996 Wall Street Journal, Even a losing bid can pay off
Examines strategic moves that result in other participants paying you to play the game.
October 28, 1996 Los Angeles Times, Improbable inspiration
Bayesian networks underly many of Microsoft's technologies, from diagnosing problems to knowing when a user needs advice.
September 1, 1996 Business 2.0, Business as a war game
Bell Atlantic Chairman explains use of game theory in modern management
July 6, 1996, More sex is safer sex
Justifies promiscuity and subsidization of condoms by examining probability, imperfect signals, and externalities
May 1, 1996 MAA Online, The five percent solution
Reflections on the role of math and game theory in business
April 1996 Fast Company, Seven Card Stud
A winning poker player shares his formula for success, which apparently includes a flawed, rudimentary understanding of game theory. (by Alan Deutschman)
March 29, 1996 Financial Times, On the trail of a good bet
Describes people's attitudes towards very unlikely risks, and the implications for finance, insurance, and government policy. (by John Kay)
January 25, 1996 Investor's Business Daily, Let Game Theory Begin: Anticipating Your Rival
Discusses the role of game theory in business
1996 Montana Chess News, Celebrity interview
Mock-interview of Star Trek's Spock incorporates rationality and common knowledge
October 1, 1995 Libertarian Party News, Proportional voting system would benefit the LP
Examines alternatives to the electoral college and the strategic voting implications of each.
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.
September 1, 1993 Atlantic Monthly, Can selfishness save the environment?
The Greenhouse Effect results from a tragedy of the commons which can be overcome with tit-for-tat strategies.
April 1, 1983 The Freeman, Free riders face a rocky road
Argues that even though employees free ride on union power by receiving benefits without being members, this is a valid check on union power.
1968 Science, The Tragedy of the Commons
The cornerstone article popularizing the notion of tragedy of the commons.