Monthly Archives: May 2012

The winner’s curse

Posted on May 31, 2012 by Barry Hughes

Iraq has been auctioning off rights to some of its oil and gas blocks in the last couple of days. Often these big auctions lead to a situation called ‘the winner’s curse’. The winner’s curse is when the winner of … Continue reading →

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More roads can mean slower traffic

Posted on May 17, 2012 by Barry Hughes

Does building a big fast road between two towns make the traffic go faster. You would think so but it is not always the case. Imagine that you live in a place called Greenville and you want to get to … Continue reading →

Posted in Game theory | Tagged , , | 1 Comment

Jack Bauer knows game theory

Posted on May 10, 2012 by Barry Hughes

You are undercover and about to make a breakthrough with a mob boss. But your partner, not knowing your mission, tries to save you and gets captured. The boss suspects you might be working with the authorities. He asks you to … Continue reading →

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