OUR GAME THEORY PODCAST

In Game Changer, the podcast by TWS Partners, we want to share our enthusiasm and passion for game theory and its applications. Guests from industry and academia discuss the power of game theory in their profession and how they use it to make a difference. Along the way we strive to offer fun anecdotes, useful facts and valuable insights. Hear us out and find out that game theory is much more than a topic for ivory tower discussions.

 

TO SHARE OR NOT TO SHARE. CREDIT, INCENTIVES AND COMPETITION AMONG RESEARCHERS | WITH REMCO HEESEN
January 17, 2023
January 17, 2023

To share or not to share. Credit, incentives and competition among researchers | with Remco Heesen

In this episode Remco Heesen shares his insights on the trade-offs researchers face when deciding whether to share intermediate results with fellow researchers. He explains how incentive structures in research lead to a suboptimal outcome and gives historic examples of prominent researchers who have been subject to these incentives. Remco then discusses possible measures that can be taken to encourage researchers to share intermediate results with their colleagues.

Remco Heesen currently works as a researcher and senior lecturer at the University of Western Australia and the University of Groningen. Starting September this year he will take on a position as Assistant Professor at the London School of Economics and Political Sciences in the Department of Philosophy, Logic and Scientific Method. His research is focused on the philosophy of science, and social and formal epistemology.

In the interview, Remco mentions his PhD supervisor Kevin Zollman, who also was a guest on our show. You can listen to his episode on evolutionary game theory here.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
HOW TO BID IN AN AUCTION – WITH PAUL PAPAYOANOU
January 03, 2023
January 03, 2023

In this episode, we discuss with Paul Papayoanou his real life experience as a consultant applying Game Theory. Paul has worked on over 150 engagements using his expertise. In our discussion we especially focus on Paul’s experience in consulting bidders participating in auctions. Paul shares how he prepares his clients when they enter an auction and what makes a good bidding strategy.

Paul Papayoanou is a consultant for all things Game Theory and author of the book “Game Theory for Business: A Primer in Strategic Gaming“. He has worked as a professor at the University of California San Diego and at Harvard University, and currently is a Senior Advisor with Decision Frameworks, a boutique consultancy based in Houston, Texas that serves clients worldwide.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
CELEBRATING 50 EPISODES OF GAME CHANGER | WITH MIRIAM, SIMON AND FLORIAN
December 20, 2022
December 20, 2022

To celebrate 50 episodes of Game Changer, we take a look behind the scenes. The hosts Simon and Florian take the role of interviewees and answer Miriam’s questions on their motivation and goals for the game changer podcast and how the episodes are prepared and recorded.

We would like to thank all our listeners for sticking with us for 50 episodes and we are looking forward to the next 50 episodes and interesting insights into applications of Game Theory in business and everyday life!

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
‘WOULD YOU RATHER’ – WHAT DRIVES OUR DECISIONS | WITH SHACHAR KARIV
December 06, 2022
December 06, 2022

In this episode, we focus on ‘decision theory’ and discuss with Shachar its connection to Game Theory. Shachar shares the three key trade-offs relevant for taking a decision.

We also discuss the ‘dictator game’ and how Shachar applied a modified version of the dictator game to study preferences of decision makers in real life.

Shachar Kariv is Benjamin N. Ward Professor of Economics at the University of California, Berkeley. His current research interests are focused on economic/decision theory and on social networks, social learning, personal and social preferences.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
ARE FOOTBALL PLAYERS GAME THEORISTS? – SCORING THE PERFECT PENALTY | WITH BEN LYTTLETON
November 22, 2022
November 22, 2022

In this episode we talk to Ben Lyttleton about a particular topic in football: how to score the perfect penalty. Ben is an expert on penalties and has gathered a lot of insights on the ‘perfect penalty’ in his book Twelve Yards: The Art & Psychology of the Perfect Penalty. Ben shares that penalties are much more complex than initial Game Theory models would suggest. For a full understanding of penalties gathering the right data and understanding the psychology of the penalties are both critical elements. During our discussion Ben shares many anecdotes from his work with football clubs and teams.

 

Ben Lyttleton is a British football journalist and author of news articles and books. Our discussion is based on Ben’s book “Twelve Yards: The Art & Psychology of the Perfect Penalty”.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
THE 2022 NOBEL PRIZE – WHY THE ECONOMY NEEDS BANKS | WITH KAROLIN KIRSCHENMANN
November 08, 2022
November 08, 2022

In this episode, Karolin Kirschenmann explains why this year’s Nobel Prize in economics was given to Ben Bernanke, Douglas Diamond and Philip Dybvig.
We discuss their research on the role of banks in the economy and the models developed by the researchers. We deep-dive into the modelling of bank-runs and their relationship to Game Theory.

Karolin Kirschenmann is deputy head of ZEW’s Research Unit “Pensions and Sustainable Financial Markets”. Her research focuses on the areas of banking and (global) financial intermediation.

 

© Anna Logue Fotografie

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
WHY MARKET DESIGNERS LOVE NFTS | WITH SCOTT KOMINERS
October 25, 2022
October 25, 2022

In this episode, Scott Kominers introduces us to the exciting world of NFTs. We learn about their fascinating properties and their potential for creating new markets or reshaping existing ones. Scott also gives a few practical examples of how NFTs can be used, both in the digital and the real world.

Scott also gave us the idea of creating our very own NFT: We used the Proof of Attendance Protocol (POAP) to create a “digital badge or collectible” using blockchain technology. POAPs are typically used to digitally prove attendance of an event. In our case, we use them as a fun way to celebrate this Game Changer episode with our listeners. You can claim your very own POAP by contacting us via email at gamechanger@tws-partners.com.

Scott Duke Kominers is Professor of Business Administration in the Entrepreneurial Management Unit at Harvard Business School, a Faculty Affiliate of the Harvard Department of Economics, and a Research Partner at a16z crypto. He also advises a number of companies on marketplace and incentive design, especially in the world of crypto and web3. He is co-authoring a book about NFTs.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
DO WE NEED A PRICE FOR DAMAGING THE CLIMATE? – WITH ACHIM WAMBACH
October 11, 2022
October 11, 2022

In this episode, we discuss with Achim how addressing climate change and economics, especially market design, are linked. Achim shares which economic incentives we should utilize to ensure we can meet our climate goal. Our discussion is based on Achim’s very recent new book publication “Klima muss sich lohnen”.

Achim Wambach is the president of the ZEW, the Leibniz Centre for European Economic Research, and professor of economics at the University of Mannheim. He was a member of the German Monopolies Commission from 2014 to June 2022 and served as its chairman from 2016 to September 2020. Achim also is a member of the Scientific Advisory Board of the Federal Ministry for Economic Affairs and Energy.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
TALKING ABOUT A REVOLUTION – HOW GAME THEORY CAN PREDICT THE STABILITY OF POLITICAL SYSTEMS | WITH BRUCE BUENO DE MESQUITA
September 27, 2022
September 27, 2022

In this episode, Bruce shows us how Game Theory can be successfully applied in the field of political science. In particular, we discuss the explanatory and predictive power of the Selectorate Theory, which analyses political systems regarding their properties as democracy or autocracy.

Bruce explains the underlying game theoretic model of this theory, how he obtains the data, and which conclusions he can draw from the results, including predictions on coups or revolutions.

Bruce Bueno de Mesquita is the Julius Silver professor at New York University and emeritus senior fellow at Stanford University’s Hoover Institution. He is a political scientist, specializing in policy forecasting, political economy, and international security policy. He is also the author of many books, like “The predictioneer’s game” and “The dictator’s handbook”, among others.

You can read more on the Selectorate Theory herehere and here, and develop your own predictions using the online version of the Predictioneer’s Game software.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.
DINNER’S READY! ON COMMON KNOWLEDGE AND THE VALUE OF INFORMATION | WITH CHRISTOPH KUZMICS
September 13, 2022
September 13, 2022

In this episode Christoph Kuzmics explains the game theoretic concept of Common Knowledge, using fun anecdotes from his personal life. We also learn that Common Knowledge is much more than just passing information to all parties, and that in some situations, it is desirable not to establish full information.

Christoph Kuzmics is professor of microeconomics at the university of Graz, Austria. His research focusses on the development of the theory of strategic interaction and its application to the social sciences.

He also runs the Game Theory blog gametheory.life, where he shares fun anecdotes and examples of game theory from everyday life. This podcast episode is based on his blog articles “The dinner gong” and “non-secret-voting”.

Your current privacy settings do not allow loading shared content from Libsyn. Click here to change your settings and allow loading of Libsyn contents.