Tag: Game theory
Men, bonuses and bank failures
When I was 14, my father dragged me to lectures by stock market guru André Kostolany. I had understood all of his basic principles: never walk with the herd, be…
How Radical Republican Funding Helped US Democrats Win in the Midterms
The midterms in the USA, i.e. the midterm elections to Congress, were a real celebration for me. Not per se because the Democrats did much better than expected, but because…
A lesson from the perspective of negotiation theory
First of all: When the 2018 and 2022 World Cups were awarded to Russia and Qatar, I was simply speechless. We no longer need to talk about the World Cup…
The seductive matter-of-factness of prosperity
On the way to summer vacation, I listened to a current episode of a well-known podcast. Topic: “Social unrest in the coming weeks and months. Scaremongering or justified concern?” The…
Only strong incentives will lead to change
I am repeatedly asked by non-economists in my circle of friends what exactly I do with my time. Game theory or market design are relatively unwieldy terms, but at their…
Anyone who wants an oil price cap must also be able to say “no”.
One of the most important messages that I, as a game theorist and negotiation expert, repeatedly give to decision-makers and managers is that the ability to say “no” in a…
How Germany’s Ukraine policy is making Europe more insecure
Not delivering weapons to crisis areas is like “like selling meat only to vegetarians”. This was one of the famous Sottisen by Franz-Josef Strauss. On the one hand, of course,…
A triage against the unvaccinated protects in the end: Unvaccinated
Game theorists think from the end, also in the pandemic. It was always clear that the first phase of the vaccination campaign must protect the particularly vulnerable in society, but…
Who brings the right structure to the coalition negotiations
Coalition negotiations after federal elections are an Eldorado for negotiation and game theorists. The more complex and apparently inscrutable, the more interesting. The negotiations in the 2017 election year were…
Game theory analysis based on the election results
Greens and FDP The Greens and the FDP now have all the cards in hand – almost all of them. (Photo: imago images / Manngold) Berlin In addition to finance…