In professional sports, free agency is the system under which players without a contract entertain offers from different teams. The player is free to sign the contract of their choice, usually the most lucrative… though occasionally a player may have criteria beyond his yearly salary, e.g. the contract’s length or the value of performance-based incentives. […]

At the beginning of the semester we were given a sheet depicting numerous real life models of a variety of social networks. Most of edges concerned interaction between nodes, such as the spread of informational e-mails, friendships within organizations and clubs, or the outbreak of a disease. This blog focuses on a more theoretical […]

https://www.timesonline.co.uk/tol/comment/columnists/daniel_finkelstein/article3399671.ece
http://findarticales.com/p/articles/mi_m1200/is_4_166/ai_n6151880/
In a recent article on the timesonline.co.uk website, game theory was related to the politics in relations to the Tories. In the article,game theory’s selfish strategies and cooperative strategies are discussed and an interesting point about vampire bats were mentioned. Upon some searching, I came across and article in Science News further explaining the example […]

On the Thursday evening when I should have been working on “Networks” Homework #3 I escaped with my wife to a performance at Ithaca College of “La Finta Giardiniera”, a comic opera written by Mozart when he was 18 years old.  But there in the program for the performance I found “Notes from the Director” consisting […]

Learning about auctions in class recently was an…interesting experience.  To tell the truth, I had very little knowledge on the subject beforehand, so my mental image of the process consisted solely of men in suits waving their little IDing numbers as someone raises the price.  Therefore, it came as quite a surprise that what I […]

Just as networks constrain how buyers and sellers interact, they also constrain how traders interact in the world of mutual funds. Retail investors often trust companies such as Fidelity Investments to manage their money and make trades on their behalf. Clients’ returns reflect, even if only slightly, the Fidelity traders’ performance, which require them to […]

In a study at Kansas University conducted by Michael Vitevich, an attempt is made to map out the words of our vocabulary as they are represented in the human brain. What Vitevich hopes to learn from charting out our vocabularies in the brain is how victims of brain trauma regain their language skills, but […]

http://tobolds.blogspot.com/2007/04/general-economic-equilibrium-in-world.html
Although the market of each server in World of Warcraft is very large, the market is simplified by allowing direct exchange between players in an auction house. The auction house is a place where players can put items they don’t want up for sale, with a starting bid and buyout price, for other players […]

Myrimis (my-risk-managenment+information-system) is a product of Nanomatic, a company which utilizes and initiates novel types of nano-information technology. Myrimis, “a secure place on earth,” [i] operates on Nanomatic’s Nanonavi, “personal navigation on earth.” [ii] Myrimis, in conjunction with Nanonavi, provides social-networking software that represents an evolutionary step in the company’s development of complex data networks […]

The SimExchange is a website which uses play money, and markets like those we have discussed in class to forecast video game sales. Predictive markets are a powerful use of concepts from class which one could imagine applying to a huge range of topics, including ones far more important than video games. In fact, […]