GAME THEORY BLOG

FROM SCIENCE TO REAL LIFE
ACT FIRST TO NEGOTIATE BETTER!
September 17, 2019
September 17, 2019

In negotiations about prices and salaries, it is best to act first to set a reference point. The other party must then negotiate starting from your reference point. This is straight forward in bilateral negotiations, but what happens if a negotiation involves three parties?

written by Hannes Lang & Lukas Franken
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CAN I BORROW YOUR NEGOTIATION POWER FOR A MOMENT?
August 22, 2019
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August 22, 2019

Power in negotiations comes from outside options – your own options or the other side’s, or the other side’s in another negotiation, as Apple has found out in their recent acquisition of Intel’s modem division. Intel was successful in the negotiation with Apple not because their relative power in that deal, but because...

written by Daniel Wagner
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DRIVERS TAKE ACTION, UBER DOES NOT!
July 24, 2019
July 24, 2019

Uber and Lyft, famous for their innovative peer-to-peer ridesharing service and their disruption of the taxi industry, have often been criticised for the low pay of their drivers. Drivers have gone on strike in New York, San Francisco and London to demand better pay and increased job security. These strikes have seen...

written by Hannes Lang & Johannes Stiegler
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BRAESS’ PARADOX: CLOSE DOWN ROADS, REDUCE CONGESTION
March 11, 2019
March 11, 2019

In 2010, when the mayor of New York City at the time, Michael Bloomberg, closed Times Square and Herald Square to car traffic, citizens were anxious that the city’s traffic situation would become even worse than it already was. However, NYC’s streets were generally less clogged as a result, with northbound cab rides...

written by Florian Dendorfer
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DJOKOVIC – A GAME THEORY EXPERT?
January 14, 2019
January 14, 2019

Professional tennis is probably one of the toughest sports. As the game has shifted into the realm of high speeds and relentless rallies, equipment has gone through immense developments and players are reaching the peaks of their physical form, the hidden key to winning may now lie with game theory. Economic research...

written by Ayrat Maksyutov
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