Monthly Archives: October 2011

David Cameron, credit cards and game theory

The first version of David Cameron’s speech to the Conservative party conference contained a call to households to pay off their credit card debts. What’s the game theory of paying off your personal debts? We might represent the situation through … Continue reading

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A – Z of Game Theory

A – Auctions – There are four main types of auction First price sealed bid auctions – everyone puts a bid in a sealed envelope, the highest bid wins and pays the price they bid Second price sealed bid auctions … Continue reading

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