Game theory and economics in the news
|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.
|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 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.
|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
|February 1, 2001||ABC News, Coins and Confused Eyewitnesses
Bayes Rule suggests that it is likely that an eye witness picks the wrong person.
|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 19, 1997||New Scientist, Game theory backs crackdown on petty crime
Zero-tolerance policing is a game of chicken between cops and sociopaths.