Tag Archives: game-theory

Trade and Asymmetry of Value

Trade, or barter, or exchange of one commodity for another, is one of the foundations of modern life. Most transactions today are carried out using money. Money is exchanged for something – fruits, a home, a person’s time, etc. We … Continue reading

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Lotteries

What is a lottery? First, what category does it fall into? We can classify it as a “scheme”, or a “game”. I mean this in a formal game theory sense. Although the “game” label is also justified due to the … Continue reading

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Punctuality

Why do people come late? People complain about this problem often, so it definitely seems to be quite prevalent. My own experience confirms this as well. I have gone late to several meetings, as well as gone early and had … Continue reading

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