Thursday, November 12, 2015

A prediction market for science

http://qz.com/545682/a-futures-market-could-help-fix-one-of-the-biggest-problems-in-science/

Old posts on asymmetric information

http://edlikeseconomics.blogspot.com/search/label/Asymmetric%20Information

Tuesday, November 10, 2015

Game Theory in Batman

Batman, Joker robs bank. Is agreeing to kill the “alarm guy” consistent with Nash equilibrium? Saying that the gun was empty when the robber knew it was not? Believing the robber when he said the gun was empty?

Old posts on Game Theory

http://edlikeseconomics.blogspot.com/search/label/Game%20Theory

Monday, November 2, 2015

Sunday, November 1, 2015

GM trys to curb discounting

This article from the WSJ is a great introduction to pricing, framing, the trade-off between margin and volume, price discrimination, and differentiation.