21–30 of 57 posts
Has anyone here applied Game Theory to a real-world productionized problem? I'm curious. There are many hypothetical situations where game theory is said to be useful, but I've never seen an application of it in real life.
Has anyone here applied Game Theory to a real-world productionized problem? I'm curious. There are many hypothetical situations where game theory is said to be useful, but I've never seen an application of it in real life.
I'm looking to learn Game Theory. Anyone with knowledge in this space have good additional recommendations?
I had a professor once classify GT as a sub set of statistical decision theory. Might be worth picking up a SDT text. Does anyone ever read Theory of Games by von Neumann?
This is the text used by advanced graduate students, the material is explained precisely.
I'm looking to learn Game Theory. Anyone with knowledge in this space have good additional recommendations?
I'm building some games for this topic for my startup [1]. But we won't have them ready until the spring. [1] http://www.simcase.io
Has anyone here applied Game Theory to a real-world productionized problem? I'm curious. There are many hypothetical situations where game theory is said to be useful, but I've never seen an application of it in real life.
Game theory-heavy industries are the ones in a competitive balance. Think Coke/Pepsi, telecom, etc.
Another way game theory helps is in building the right mindset: you assume that your opponent is just as rational and smart as you, and will be trying to predict how you will react just as you're doing with him/her.
This helps to avoid the failures that result from underestimating your competitors ("we're smarter than them" or "we're better than them").
Disclaimer: I work in strategy.
Has anyone here applied Game Theory to a real-world productionized problem? I'm curious. There are many hypothetical situations where game theory is said to be useful, but I've never seen an application of it in real life.
In The Black Swan, Nassim Nicholas Taleb argues that applying game theory to real life situations is one instance of the ludic fallacy. https://en.wikipedia.org/wiki/Ludic_fallacy
I'm looking to learn Game Theory. Anyone with knowledge in this space have good additional recommendations?
I had a professor once classify GT as a sub set of statistical decision theory. Might be worth picking up a SDT text. Does anyone ever read Theory of Games by von Neumann?
Has anyone here applied Game Theory to a real-world productionized problem? I'm curious. There are many hypothetical situations where game theory is said to be useful, but I've never seen an application of it in real life.
Most corporate strategy/competitive strategy problems use game theory on a daily basis. Market entry, retaliation, oligopoly, monopoly, etc. are good examples. Game theory-heavy industries are the ones in a competitive balance. Think Coke/Pepsi, telecom, etc. Another way game theory helps is in building the right mindset: you assume that your opponent is just as rational and smart as you, and will be trying to predic…
Has anyone here applied Game Theory to a real-world productionized problem? I'm curious. There are many hypothetical situations where game theory is said to be useful, but I've never seen an application of it in real life.
Here is one: you and a friend get arrested and are questioned separately, with police trying to turn you.