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Game Theory Blog

Even bank robbers can turn a hopeless situation to their advantage by using game theory.

What do Boris Johnson and Donald Trump have in common, except for interesting haircuts?

Strategic decisions in interviewing (2/2)

Business

In this second part of the series on strategic decisions in interviewing, the impact of the number of interviews on hiring decisions will be analysed.

Bidding for keyword ads in online auctions has become popular in modern political campaigning, and is seen by many as a major tactic to increase the number of supporters.

Strategic decisions in interviewing (1/2)

Business

A well-functioning HR department is undoubtedly a key driver of successful companies, and deciding whether or not to hire certain candidates is one of their key tasks. However, there is more to interviewing than meets the eye, and some strategic decisions need to be made when interviewing potential employees.

How can game theory help us to understand the allocation mechanism in the competitive environment of advertising slots and is there an optimal strategy to place bids in Facebook ad auctions?

A lost opportunity to effectively fight climate change

Politics Science

Economics is ignored in government pledges to “unite behind the science”.

...and how she used the subtle power of agenda setting

“What’s for dinner?” is a question that can be heard around the world on a daily basis, often asked after a hard day(‘s night) with urgency in anticipation of some delicious culinary delights. And yet, the issue of what’s for dinner is never more important than on...

We encounter cartels on a daily basis in our free time, through blockbuster TV series such as AMC’s Breaking Bad and Netflix’ El Chapo. However, cartels also affect us in our daily lives in other ways, although they tend to revolve around different commodities.

Act first to negotiate better!

Fun & everyday life

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?