Intriguing Facts About Game Theory

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.

Happy Thanksgiving!

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

Pablito’s Bakery: Tacos, Tacos, Tacos

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

Central Market: “An Amusement Park for Food Lovers”

Grocery shoppers in the Austin area know that there’s a superb spot to visit when you’re looking for the best bread, produce and other edible goods, and that’s Central Market. The popular chain actually started in Austin with a mandate to bring as much fresh food from all over Texas to local shoppers as possible, describing it as “an amusement park for food lovers,” and it’s grown significantly since the early days. Now customers rave about the excellent selection and fair prices. The produce section here is absolutely enormous, featuring both the staples and some more unusual products, all kept fresh. If you’re feeling peckish, stop in at the store’s café for some excellent pre-cooked food. The tamales in particular are quite popular, but everything here is great. Some complain that the aisles are too narrow, but with the sheer volume of stuff they pack into this store, it’s kind of a necessity.

Central Market
4477 S. Lamar Boulevard
Austin, TX 78745
(512) 899-4300
http://www.yelp.com/biz/central-market-austin

Tenderland: World Famous Tenderloin

The burgers at Austin's Tenderland are great, of course. But you don’t go to a Philadelphia cheesesteak stand and choose the pork roll sandwich, and you might get some funny looks if you drive all the way to this food truck without choosing Tenderland’s eponymous, famed dish: the tenderloin sandwich!

Tenderland’s gargantuan tenderloin is properly approached without guilt and without fear. If you’re planning to begin a diet, it’ll have to wait until tomorrow. Until then, enjoy this oversized slap of deep-fried pork smothered in pickles, onions, and your choice of condiments. It's all barely contained by the delicious jalepeno-cheddar bun. Tenderland's fries are hot and crispy. If you can finish both them and the sandwich, you owe yourself a pat on the back… along with a trip to the gym.

Tenderland
2406 Manor Road
Austin, TX 78722
(512) 230-8167

New Facebook Sweepstakes! Enter to Win an iPad mini!

To enter the Sweepstakes, Like our Facebook page and then click on the Sweepstakes tab on our Facebook page to enter. Sweepstakes ends December 31, 2012.

Check Out Austin Fan Fest 2012!

Celebrating 2012's inaugural U.S. Grand Prix, Austin Fan Fest 2012 comes to downtown Austin from November 16-18th. If you haven't heard, the U.S. GP is a Formula 1 race taking place that weekend at Austin's newly constructed Circuit of the Americas race track, and Austin Fan Fest brings the city even more fun with an array of musical acts from all over the country, along with great local and regional bands.

Fan Fest's headline performers Aerosmith, Flo Rida, and Enrique Iglesias will play on main stages for the Fest's three night engagement, while smaller stages will showcase acts like Lupe Fiasco and The Wallflowers.

Around downtown Austin, attendees can also interact with F1 racing related installations, like racing simulators and Formula 1 cars. Arts exhibits, parties, and family friendly events all over downtown make the whole thing complete.

Want to know more? Click here to learn about Austin Fan Fest 2012.

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