Tag Archives: game theory

Game theory and North Korea

Posted on April 8, 2013 by Barry Hughes

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

Posted on March 21, 2013 by Barry Hughes

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 →

Posted in Game theory | Tagged decision theory, game theory, st petersburg paradox | Leave a comment

Trapped by a prisoners dilemma

Posted on March 14, 2013 by Barry Hughes

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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Tag Archives: game theory

Game theory and North Korea

St Petersburg paradox explanation

Trapped by a prisoners dilemma

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