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Al Roth’s Pioneering Work In “Market Design”

First Friday Book Synopsis

To check out all the resources, sign up for free email alerts, and obtain subscription information, please click here. * * * Al Roth, expert in game theory, experimental economics, and market design, is all about getting economists more [.].

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New Study Highlights How Drivers Are Artificially Boosting Uber Fares

The Horizons Tracker

The joint strategy aims to bring the market into balance, as if demand exceeds availability, travel costs will rise. The researchers use game theory to explore when such a strategy would be profitable for drivers. New research from TU Dresden explores how this strategy works. ” Profitable strategy.


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How Tinder Could Help Projects To Thrive

The Horizons Tracker

Game theory of matching. The authors make heavy use of game theory to underpin the matching markets inherent in their system. Whilst CAEs do introduce a degree of complexity, and therefore cost, the team believe that their value makes the benefits outweigh those costs significantly.

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The Prisoner’s (Hedge Fund) Dilemma


If you speak to most hedge fund managers, they will tell you what they create is efficient markets. They follow the game theory as outlined in the Prisoner’s Dilemma –where as long as both prisoners accused of a crime stay silent, they both receive the least punishment. Most businesses actually produce something.

Hedge 74
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Success is not a zero-sum game

Lead on Purpose

In games like chess , one person wins and the other loses. I cannot think of an instance where a product manager works in a zero-sum game. The more they help others succeed, the more they prosper, and the better their products perform in the market. Success is not a zero-sum game [Lead on Purpose] [.]

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Real Leaders Become Awakeners

The Empowered Buisness

John Nash –- behavioral economist and Nobel Prize recipient – is best known for advancing game theory and the equilibrium principle. the best result comes when everyone in a group (team, market, etc.) However, there is a more optimal paradigm from which leaders can operate. In simple terms, his work showed that ….

Mentor 100
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Brands Represent Risk Mitigation for Consumers

Strategy Driven

Some economists explain brands from a game-theory perspective. They say that brands are a mechanism for companies to engage customers in repeated games. This guest post is adapted from SUPER SIGNS: Taking Your Brand To The Ultimate Level by Sam Hua and Nan Hua, founding partners of Shanghai H&H Marketing Consulting Company.

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