(Nuclear) Deterrence as a Game Theoretic concept | with Frank Zagare
Game Changer - the game theory podcast
Release Date: 11/20/2023
Breaking down Brexit – a game theoretic perspective | with Stefaan De Rynck
Game Changer - the game theory podcast
In this episode, we delve into the high-stakes negotiations between the EU and the UK during Brexit, exploring the strategies and tactics from a game-theoretic perspective. Stefaan De Rynck provides an insider's view of the process, discussing key moments, the differing objectives of both sides, and the strategic approaches taken to achieve their goals. We analyze how the EU maintained a united front and the challenges posed by the UK's shifting leadership during the negotiations. Stefaan De Rynck is Principal Advisor to the Director-General for Communication at the European...
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Are you among the top performing managers? – Overconfidence and its causes | with Collin Raymond
Game Changer - the game theory podcast
In this episode, we discuss overconfidence and its underlying psychological mechanisms. Our guest Collin Raymond shares his research (joint work with David Huffman and Julia Shvets) based on a field study he conducted with managers in the context of their Bonus payment. We discuss their findings on how managers make overconfident predictions about their individual future performance. In the study they can link the overconfidence to managers having an overly-positive memory of past performance. We finish the discussion by deep-diving into other facets of overconfidence. Collin...
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Avoiding Value Drain in Dealmaking – Game Theoretic Strategies | with Paul Papayoanou
Game Changer - the game theory podcast
In this episode, we delve into the common pitfalls that negotiators face which lead to value drain in dealmaking. Our guest Paul Papayoanou identifies four types of value-destructive behaviours and shares insights on avoiding these traps. He also outlines the characteristics of an effective dealmaker, emphasising the importance of being a savvy strategist who can balance toughness with fairness. Furthermore, we explore the role of preparation and reputation in successful negotiations, and how game theory can be applied to enhance negotiation strategies. Paul Papayoanou is a Senior Advisor with...
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Playing the Gene Game: On Genomics, Insurance, and Game Theory | with Eduardo Azevedo
Game Changer - the game theory podcast
In this episode, we discuss with Eduardo Azevedo his research on adverse selection in insurance markets. Eduardo gives details on recent developments in genomic advances, also in light of the significant price decrease for obtaining the individual genome. We discuss the possible long-term effect on the insurance market (e.g. specific health insurances) if individuals had access to their genome and obtained their individual risk profile. Based on that we discuss the potential for adverse selection and Eduardos initial heuristic findings. Eduardo Azevedo is Professor of Business Economics...
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Explaining Loss Aversion using Game Theoretic models | with Greg Kubitz
Game Changer - the game theory podcast
In this episode, we discuss with Greg Kubitz his research on loss aversion. Greg shares his research in which he targets to explain loss aversion using Game Theoretic approaches. He combines approaches such as the principal agent model to be able to look at loss aversion through the evolutionary lens considering realistic assumptions on biological constraints given through our neural system. Greg Kubitz is senior lecturer in the School of Economics and Finance at the Queensland University of Technology in Brisbane, Australia. His research interests lie mainly within the field of game...
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Us vs. Them: Experiments on group identity| with Yan Chen
Game Changer - the game theory podcast
In this episode, we engage with Yan Chen to unravel the underlying mechanisms of group identity and group discrimination. Yan discusses her research on ingroup favoritism. We learn how ingroup favoritism can occur even in assigned, artificial groups, and that people with a strong group identity even have a willingness to pay to shield themselves from outgroup information. Yan also provides insights into societal issues such as political polarisation and group-based conflicts. Yan Chen is the Daniel Kahneman Collegiate Professor in the School of Information at the University of Michigan...
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Game Theory Goes to School: Strategic Decisions in Young Minds | with Isabelle Brocas
Game Changer - the game theory podcast
In this episode, we explore the fascinating intersection of developmental psychology and economic theory through the lens of children's strategic decision-making abilities: Our discussion focuses on how the evolving capacities of children's brains influence their ability to engage in complex strategic thoughts. Our guest Isabelle Brocas shares the fascinating findings from long-term experimental studies she conducted with children from kindergarten to young adulthood. Isabelle Brocas is a Professor of Economics at the University of Southern California, where she co-directs both the Los...
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Playing for a Better Society: Game Theory and Civic Responsibility | with Tore Ellingsen
Game Changer - the game theory podcast
In this episode, we delve into the complex world of fostering civic responsibility. Our guest Tore Ellingsen explains how the interplay of regulation, personal sacrifice, and culture can build socially responsible societies or organisations. The conversation is rooted in the perspectives offered in Tore’s recent book, "," where he uses insights from behavioural game theory, psychology, and sociology to understand the dynamics of human interactions in groups. Tore Ellingsen is Professor of Economics at the Stockholm School of Economics, holding the Ragnar Söderberg Chair in...
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To click or not to click: can we trust sponsored search results? | with Maarten Janssen
Game Changer - the game theory podcast
In this episode, our guest Maarten Janssen helps us to explore the field of consumer (online) search. We discuss why economists are particularly interested in this topic and explore the reliability and dynamics of sponsored search results, uncovering the nuances and implications of these prevalent online phenomena. The insights from Maarten’s research (which he conducted together with Thomas Jungbauer, Marcel Preuss and Cole Williams on one paper and with Eeva Mauring on another paper) shed light on the complex interplay between consumer behaviour, search algorithms, and market dynamics....
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Discouraging consumption of sin goods – taxes versus nudges | with Dmitry Taubinsky
Game Changer - the game theory podcast
In this episode, we explore with Dmitry Taubinsky economic approaches on regulating sin goods such as alcohol or sugary beverages. We discuss the classical approach of taxation and Dmitry compares the approach to nudging approaches. Our discussion leads us into many further economic details: From externalities and internalities, over the question who bears the tax burden to the price elasticity of demand. Dmitry explains to us, why these effects are relevant, how they relate to each other and how they also affect the optimal taxation. Dmitry Taubinsky is an associate professor of...
info_outlineIn this episode we are talking to Frank Zagare about deterrence. The term gained popularity in particular during the cold war to describe the role of nuclear weapons in Soviet-American relations and, in light of recent events, has surfaced again. Together with Frank we look at the concept from a Game Theoretic perspective and discuss the shortcomings of the classical way of modeling deterrence. Frank then walks us through his alternative theory, perfect deterrence theory. He explains to us how it differs from classical way of modeling and which insights it offers on the war in Ukraine.
Frank Zagare is UB Distinguished Professor of Political Science at the University at Buffalo and author of several books like ‘The Dynamics of Deterrence’ and ‘Game Theory, Diplomatic History and Security Studies’ among others.