ALL ARTICLES
-
Masterclass: Second Win
The Second Win The second win is a move in the strategy set that is guided by knowledge of player type rather than by the path of payoffs. Playing the second win a player forfeits larger payoffs that could be achieved by more aggressive play in the early sequence of moves. A relatively new concept…
-
Data Pharaoh & ‘Onsumers’
Building on the Griffiths College lecture,25th August 2016, Patrick continued his theme on the search for data algorithms. During March 2017 presentations were made in Shanghai and Dubai; a copy can be located here: DailyRoutineDataPharaoh2017WSTour.ppt Many businesses are online. Rational consumers shop online. A new generation of online consumers – ‘onsumers’ – shop online as…
-
The Dark Pool of Empty Markets
Many have commented that the job market has become an enigma over the past few years. The jobless rate is low, but pay has risen slowly. Are we[1] measuring pay imperfectly? Vacancies co-exist with unemployment and the old phenomenon of under-employment and the new challenge of a zero-hours contract have emerged to colour the landscape.…
-
Kaelo v2.0
Welcome to Kaelo v2.0 software, an e-learning tool that should help to facilitate your application of many of the economic concepts addressed in the Managerial Economics module of the Manchester Worldwide MBA programme. It is an advance on Kaelo v1.0 – still available here. In particular, have a look at our approach to signalling and…
-
Bildung & Education
The journal paper adapts Foucault’s concepts with the Bildung philosophy to define a public choice of self. Rather than acceptance of the socio-political status quo, Bildung is about the ability to criticise society, challenging it always. However, the labour of ‘becoming educated’ to a set of performance criteria focuses on the question of who we…
-
Raw War: Google ∧ Apple = 1
Google and Apple are like chess players in a smart game – their war is raw. They are as thran as a pair of cloth galluses. Both players attack: they have developed a cognitive awareness of each other as competitors and like[1] Radar O’Reilly they always know the rival strategy before the rival does. Players…
-
Soft Law: Google & The Coffice
The EU regulators should settle the long running case[1] against Google. They should present Google with the opportunity to amend any alleged or putative anti-competitive practices. Markets are evolving eco-systems – contest, combat and scramble market systems[2] – and new markets are created by technology. The challenge for the law is how to handle technology…
-
What is Game Theory?
Game theory is about choices and trade-offs and how we interact with each other in different situations. In business, for example, companies do compete and more often they collaborate on joint ventures. As players in a game, how well a player does depends on what each player believes the other player is likely to do.
-
Agincourt 1415: Henry V vS Charles VI
Sunday 25th October 2015 marks the 600th anniversary of the Battle of Agincourt in 1415. It is an interesting battle from the perspective of non-cooperative game theory. It has elements of both imperfect information on how the game is played and incomplete information of player type. The optimal strategy for Henry V or Charles VI…