Monthly Archives: July 2012

Fair division in the Talmud

My last post looked at the three wives problem from the Talmud. Today I will look at another problem of how to divide up goods also from the Talmud. This one has a very different answer, but there might be … Continue reading

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How game theory solved a 2,000 year old problem

The Talmud is one of the central texts of Judaism. It was written around 200 A.D. and yet contains a problem that no-one could understand until two game theory professors solved it. The problem is known as the Three Wives … Continue reading

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Why land prices fell 97% in two years

Chesapeake Energy Corp and its Canadian rival Encana are being investigated following claims that they colluded to avoid bidding against each other for land in Michigan. In May 2010 Michigan State made $178 million from an auction of oil and … Continue reading

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