Game Theory

A New Bridge Between Two Oceans

During the 15th century, the Spanish caravelas required an alternative route towards its colonies in Peru. The usual trip would go...

Dr. Strangelove or: How I Learned to Stop Worrying and Appreciate the Value of Commitment

I love going to the movies. It really helps me to relax after a long day of teaching. This week, I went to see Murder on the Orient...

How Online Games Could Help the Science of Economics

We – humans – are at the point of our history where the pace of innovation and scientific discovery is truly defining our lives. The...

A Beautiful Mind Game

As a committee, we’ve had some rather passionate conversations on how individuals, especially politicians, make decisions based on their...

How to Determine the Profit-Maximizing Price of a Sandwich

My nephew, Paul, works for a sandwich shop chain. Recently, he was promoted to the chain’s management team. Paul and I celebrated his...

Why Did My Girlfriend Earn a Bonus?

2016 was in many respects a happy year for me. Two of my favorite economists, Bengt Holmström and Oliver Hart, won the Nobel Prize “for...

Does Trump play Nash?

On the 20th January of 2017, it was the inauguration day of the 45th president of the United States: Donald John Trump. Many economists...

Why Do All Beers Taste the Same?

In our annual family weekend last spring, my nephew, Paul, organized a beer tasting test. He let us taste seven Dutch beers: Heineken,...

The Secret Behind Managerial Success (or: How to Annoy my Sister)

“We aim to foster independent minds with an impact on international business and society at large by offering research-based teaching...

The Draw Death of Chess

Last November saw the final of the World Chess Championship — a match between the reigning world champion (Magnus Carlsen of Norway) and...

Rostra Economica