Tag Archives: game theory
Lighting the way with Parrondo’s paradox
In science, paradoxes often appear when familiar rules are pushed into unfamiliar territory. One of them is Parrondo’s paradox, a curious mathematical result showing that when two losing strategies are combined, they can produce a winning outcome. This might sound … Continue reading
Solve all our problems
This is xkcd #1232. When it came out I remember it was to rebut a particular line of argument against NASA’s lunar and interplanetary missions — that the agency was spending large sums of money that would be better spent … Continue reading
Remembering John Nash, mathematician who unlocked game theory for economics
The Wire May 25, 2015 The economist and Nobel Laureate Robert Solow once said, “It wasn’t until Nash that game theory came alive for economists.” He was speaking of the work of John Forbes Nash, Jr., a mathematician whose 27-page … Continue reading