Ratings, reviews, stars and points – we all strongly rely on online reviews when we shop online. But can we really trust them? And is there something we can do to make them more reliable? The research of Paolo Turrini, associate professor at the...
Ratings, reviews, stars and points – we all strongly rely on online reviews when we shop online. But can we really trust them? And is there something we can do to make them more reliable? The research of Paolo Turrini, associate professor at the university of Warwick, is focussed on mechanism design of social networks. In this episode, he explains why ratings are so important in online markets, how they are often manipulated, and how clever game theoretic considerations can make them more trustworthy. In the interview, Paolo mentions the spoof restaurant “the shed at Dulwich”, which made to the top of the TripAdvisor list despite being non-existent. You can check out their homepage here: https://www.theshedatdulwich.com/menu You can find more on Paolo’ research on his homepage: https://www.dcs.warwick.ac.uk/~pturrini/
Erschienen: 02.02.2021
Dauer: 24:00
In this episode Christian Paul, principal at TWS Partners, explains why many companies are struggling to reach their targets in reducing carbon gas emissions. He argues that this challenge is fundamentally connected to how companies set their internal...
In this episode Christian Paul, principal at TWS Partners, explains why many companies are struggling to reach their targets in reducing carbon gas emissions. He argues that this challenge is fundamentally connected to how companies set their internal targets and how the mechanisms are designed to reach these targets. Here, game theory can create incentive structures to effectively reduce carbon emissions – and more importantly - internally identify opportunities to reduce these emissions at the lowest internal costs. Christian mentions the annual letter from Larry Fink, CEO of the investment company Blackrock (you can find the letter here: https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter). We were talking to Christian last year, so he is referring to Larry Fink’s letter from January 2020
Erschienen: 19.01.2021
Dauer: 18:30
We discuss with researcher Tobias Riehm which economic reasons cause long waiting lists for parents to find daycare centres for their children in Germany. We find that knowledge from game theory can help to develop a significantly smoother allocation...
We discuss with researcher Tobias Riehm which economic reasons cause long waiting lists for parents to find daycare centres for their children in Germany. We find that knowledge from game theory can help to develop a significantly smoother allocation which can help all: children, parents and the daycare centres.
Erschienen: 05.01.2021
Dauer: 17:02
We discuss with TWS Partners’ CEO Marcus Schreiber which economic reasons led to the impressively short development time for a vaccine against SARS-CoV-2. Marcus describes that risk mitigation and clever incentive structures set by the governments...
We discuss with TWS Partners’ CEO Marcus Schreiber which economic reasons led to the impressively short development time for a vaccine against SARS-CoV-2. Marcus describes that risk mitigation and clever incentive structures set by the governments significantly contributed to this success story. This can be seen as a prime example for market design, a subfield of game theory. For our German listeners: You can read more on this topic in Marc’s column in the Handelsblatt (https://www.handelsblatt.com/meinung/kolumnen/expertenrat/schreiber/expertenrat-marcus-schreiber-gut-dass-staaten-die-impfstoffentwicklung-nicht-allein-dem-markt-ueberlassen/26663870.html)
Erschienen: 22.12.2020
Dauer: 20:36
We discuss with Professor of Economics Abhinay Muthoo, University of Warwick, a fundamental model of game theory: the Prisoners Dilemma. We not only explore its theoretical background but even more how it can demonstrate and explain rather complex...
We discuss with Professor of Economics Abhinay Muthoo, University of Warwick, a fundamental model of game theory: the Prisoners Dilemma. We not only explore its theoretical background but even more how it can demonstrate and explain rather complex behaviours in business and everyday life.
Erschienen: 08.12.2020
Dauer: 34:18
We discuss with TWS Partners’ Managing Partner Sebastian Moritz how applying knowledge from game theory has helped to eliminate a severe disease. An important part in this discussion will be to understand that setting the focus on prices of drugs...
We discuss with TWS Partners’ Managing Partner Sebastian Moritz how applying knowledge from game theory has helped to eliminate a severe disease. An important part in this discussion will be to understand that setting the focus on prices of drugs alone may not always result in a functioning market, let a alone the desired outcome.
Erschienen: 23.11.2020
Dauer: 19:51
With our guest Prof. Achim Wambach, PhD, president of the ZEW, we discuss what this year's Economics Nobel Prize laureates Paul Milgrom and Robert Wilson have contributed to game theory and auction theory. Here, we look at both: rather theoretical...
With our guest Prof. Achim Wambach, PhD, president of the ZEW, we discuss what this year's Economics Nobel Prize laureates Paul Milgrom and Robert Wilson have contributed to game theory and auction theory. Here, we look at both: rather theoretical concepts but also their direct applications.
Erschienen: 16.10.2020
Dauer: 19:02
We discuss with the CEO and co-founder of TWS Partners, Marcus Schreiber, how game theory as a pure academic subject can also be applied in the business context. We also talk about the journey of how he founded TWS Partners as a consultancy...
We discuss with the CEO and co-founder of TWS Partners, Marcus Schreiber, how game theory as a pure academic subject can also be applied in the business context. We also talk about the journey of how he founded TWS Partners as a consultancy specialised in game theory.
Erschienen: 23.09.2020
Dauer: 24:53
