Intriguing Facts About Game Theory

November 23, 2012 12:00 pm

Social scientists have worked for generations on ways to model and understand human behavior. One of the most intriguing branches of this kind of sociology is game theory, which uses basic principles of competition to try to explain what motivates people. Here are some of the field's most interesting discoveries:

The games in game theory aren’t like games you play with the family – they’re more like mathematical models of behavior. Some of the most famous include the “normal form game,” which is expressed in a matrix of boxes that illustrate player’s choices, as well as the “centipede game,” used to examine situations where players can risk increasing amounts of a reward or lose it all.

Game theory enjoyed a boost of popularity during the 1950s, as analysis of the classic “prisoner’s dilemma” puzzle tied in with psychology to model human beings' motives for behaving the ways they do.

One of the disciplines that uses game theory most extensively is economics. Because most economic transactions can be judged as two parties wishing to obtain the greatest reward for the lowest risk, using game theory models to understand their behaviors is very effective. The key model for economic studies is the Nash equilibrium, which represents the best possible response from all players. You might have heard the name Nash in the recent film A Beautiful Mind.

Category: Miscellaneous Tags: , ,


Happy Thanksgiving!

November 22, 2012 10:05 am

We wish everyone a very happy Thanksgiving filled with delicious food and warm memories!

Category: Life at Marquis at Canyon Ridge Apartments Tags: ,


Pablito’s Bakery: Tacos, Tacos, Tacos

November 20, 2012 12:04 pm

The unassuming exterior of Pablito’s Bakery in Austin — along with the cheap prices of its food! — belie what’s in store here for your taste buds: delicious, authentic Mexican flavor with a few American dishes thrown in to boot. Pablito’s Bakery has largely built a reputation around its breakfast tacos. Pick two among your choice of egg, bacon, potato, ham, bean, sausage, and cheese. The tacos are gargantuan: one is enough for a whole meal. And despite its enormity, a taco only runs $1.29 (extra toppings for only 20 cents). Come back for lunch for more of Pablito’s affordable and generous portions. You can sample their tostadas, non-breakfast tacos, quesadillas, and cakes. This is a bakery, after all. And if your pennies are really pinched, grab some tamales for only a dollar each!

Pablito’s Bakery
1015 E. Braker Lane
Austin, TX 78753
(512) 491-8902

Category: Restaurants Tags: , , , ,


Pin It on Pinterest