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Monthly Archives: February 2014
Week 2: If your education background really matters when you apply the firm?
Many of my friends are talking about finding jobs recently. One of the most questions they talked about is that if their education background really matters when they apply the firm. I have a friend’s friend’s friend who has another … Continue reading
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Prisoners’ Dilemma: Eating Out with Friends
Recently a group of friends and myself went out to dinner and determined before hand to split the bill equally between the four of us. What became apparent was how to decide which menu item to select, bearing in mind … Continue reading
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Columbia River Free Riding
Oregon and Washington are currently involved in a perfect example of the public good dilemma. The I-5 bridge crossing which connects Portland OR to Vancouver WA is argued by some to be too old and not really suitable for the … Continue reading
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Game Theory Used to Study the Brain
Game theory is one of my favorite topics within economics because I enjoy thinking about the rational conclusions that each party can make in order to maximize utility. I recently watched a TED video about game theory. The speaker was … Continue reading
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Fresh Air
One of the most important public goods is the access to air that is not completely contaminated with pollutants. When policy is drafted to help keep the air clean through restrictions and regulations, it often costs money and needs the … Continue reading
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Golden Balls Game Theory
The UK game show titled Golden Balls is a perfect real world example of the prisoners dilemma. During the final round of the game each player must choose either to split the money with the opposing player or steal the … Continue reading
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Fourth Grade Valentine’s Cards: The OG Game Theory
Way back when, in the days of yore, Valentine’s cards were handed out willy-nilly. You received a card from many of your classmates and reciprocated as such. However, what happened when there was that special someone across the room that … Continue reading
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Why Do We Need Public Parks
The weekend is coming again. My girlfriend asked me to go to Silver Fall State Park. I immediately made some excuses such as the trip is long, and it is raining day. Finally, my girlfriend told me that at least … Continue reading
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Gas Station Game Theory: Trigger Strategy
Image there is two companies in an oligopoly competing with homogeneous goods. In this case, lets use Shell and Exon mobile gas companies. Lets imaging that these are the only two gas companies in America and that they are a cartel. … Continue reading
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Sunk Costs and Utility
As the school year begins to wind down, I have begun to hear seniors discuss their future beyond OSU. A friend of mine, a computer science and mathematics double major shared with me an experience he had applying for a … Continue reading
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