The new economics of getting sloshed: using game theory to choose your next drink

Bars across the country are implementing a market-based pricing algorithm that automatically adjusts the cost of drinks from minute-to-minute, based on the ordering trends of its patrons. If the bar is selling a lot of cocktail A, the price of that drink increases. If sales on beverage B are down, the cost of the… »9/25/12 10:30am9/25/12 10:30am

Mathematicians figure out how to fend off gold-diggers - with game theory

As any man will tell you (especially in the weeks before Valentine's Day), gift-giving is a tricky business. Although men can use gifts to enhance their chances of getting laid, this can also leave them vulnerable to "gold-diggers" (a highly scientific term that describes women who use the promise of sex to get stuff… »2/04/11 7:44pm2/04/11 7:44pm