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 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)
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 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)
May 5, 2006 Financial Times, The Poker Machine
A lengthy discussion of the game-theoretic aspects of poker (by Tim Harford)
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 )
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 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)
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)
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 )
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)
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 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."
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.
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.
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.
May 30, 2003 Business Week, The Jobs Wizard of Wharton?
New director of career services at Wharton uses game theory for optimal interview scheduling.
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.
January 20, 2003 Philadelphia Inquirer, Strategic science
Game theory is applied to terrorism prevention, from optimal vaccination to baggage screening.
January 11, 2003 Business Standard, The games anti-Keynesians play
Game theorist John Nash likes Keynesian economists to Bolsheviks, speaks against nation-controlled currencies.
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.
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 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.
October 31, 2002 Economist, NP or not NP?
Tetris, the addictive computer game, is not only hard, it is NP-complete.
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.
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.
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 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)
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 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.
February 19, 2001 Nature News Service, Secret of sports thrills spilled
Every sport is identical, in a sense, as all are random walks.
December 1, 2000, Why Men Pay To Stay Married
Post-divorce wage differentials explained through search and matching models.
March 30, 2000 Nature, Survival of the clearest
Evolutionary game theory used to explain the evolution of human language.
April 1, 1999 The Atlantic, Living in Candlestick Park
International relations: replacing game-theoretic models with ones from geology
October 31, 1998 New Scientist, Theory on stage
Letter noting that dramatists can view character development in terms of game theory.
October 1, 1998 Fast Company, Decisions, decisions
Famous people describe their decision-making paradigms
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 Business Week, The tortured genius behind game theory
A book review of A Beautiful Mind about John Nash.
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)
September 1, 1996 Business 2.0, Business as a war game
Bell Atlantic Chairman explains use of game theory in modern management
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)
January 25, 1996 Investor's Business Daily, Let Game Theory Begin: Anticipating Your Rival
Discusses the role of game theory in business