article thumbnail

New Study Highlights How Drivers Are Artificially Boosting Uber Fares

The Horizons Tracker

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

article thumbnail

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 [.].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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] [.]

article thumbnail

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.

Brand 11
article thumbnail

Why Your Company Should Partner with Rivals

Harvard Business Review

That strategy could be especially effective if the company priced access at the point just below the competitions' 'go/no-go' price for developing similar technology. This insight shaped and informed venerable brands' efforts to collectively develop new geographic markets while maintaining their competitive differences.

article thumbnail

Embrace the Complexity of Cyber Defense

Harvard Business Review

Complexity science seeks to find the universal principles and mathematics underlying and unifying a wide variety of complex systems, including the Internet, biological systems, ecologies, markets, and economic systems, political systems, and societies. Complex systems rarely eliminate malicious threats permanently.

article thumbnail

Strategy Lessons From Jean Tirole

Harvard Business Review

He then usually brings in the tools of game theory, in which his protagonists have to contend with other rational actors and the moves they might make. But Tirole’s 1980s work on industrial organization also found its way into thinking about business strategy.