Monthly Archives: February 2012

Game theory and eBay bidding strategy

What is the best strategy to use when bidding on eBay? I will assume that there are three strategies to choose from: 1 – Bid the maximum price you are willing to pay at the start of the auction and … Continue reading

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Keep your friends close and your enemies closer

If you want to buy a diamond in London then where would you go? This map shows the top diamond shops in London, they are in two clusters, Hatton Garden and Old Bond Street. Similarly, New York has its 47th … Continue reading

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When money becomes worthless

  This picture is of a billion Mark note from Germany in the early 1920s. In 1923 it wouldn’t even buy you a loaf of bread.     Printing Money Rudolf Havenstein was the president of the Reichsbank, the German national … Continue reading

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