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Author Archives: Barry Hughes
Game theory and North Korea
Kim Jong-Un is a new leader in a dangerous situation. Hopefully he’s read up on some game theory! There are lots of ways to look at the North Korean situation through the lens of game theory and this post looks … Continue reading
Posted in Game theory Tagged game theory, international relations, Kim Jong-Un, North Korea Leave a comment
St Petersburg paradox explanation
This is an interesting example from decision theory (which is pretty closely linked to game theory). A (very generous!) casino offers you a game where the pot starts at $1 and on each turn a (fair) coin is tossed. If … Continue reading
Trapped by a prisoners dilemma
I am lucky to live in the beautiful city of Bath in the south-west of England. Bath is renowned for its Roman Baths and Georgian architecture but its council has fallen into a prisoners dilemma. The city has three main … Continue reading
Posted in Business Tagged bath council recycling, business, game theory, prisoners dilemma example, recycling Leave a comment
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