A blog by Edward Millner for MBA, EMBA, and EMSIS students @ Virginia Commonwealth University.
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
One way to maintain 3rd degree price discimination - lie to them!
http://consumerist.com/2007/03/02/best-buy-confirms-the-existence-of-its-secret-website/
Want to bet on who wins the Presidential races?
https://www.electionbettingodds.com/
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.
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