🎧📷A new episode of #GameChanger is out. This time with Shengwu Li from Harvard University on why simplicity should be considered in designing game-theoretic solutions. Spotify lnkd.in/efD_6V2H Apple lnkd.in/e2qDpJ6B #EconTwitter #gametheory

Wie kann der Staat Geld sparen & effizienter werden? Axel Ockenfels Universität zu Köln Max Planck Society & #ZEW-Ökonom Leonardo Giuffrida zeigen wie der Staat durch z.B. Auktionen Qualität, Nachhaltigkeit & Transparenz sichern & gleichzeitig Milliarden einsparen kann. [€] faz.net/aktuell/wirtsc…

🎧📷A new episode of #GameChanger is out. This time with Michel Maréchal from UC San Diego Rady School of Management and Economics at Zurich on how honest people are and which factors influence the level of honesty. Spotify lnkd.in/ej495rkA Apple lnkd.in/eQZPxk7y #EconTwitter #gametheory

Partnership: How is your business managing greenhouse gas emissions? 🏭 To help you learn more about Internal Carbon Pricing (ICP) mechanisms, TWS have produced a white paper on the topic – now available on the CIPS Download website. #Sustainability cips-download.cips.org/nternal-carbon…

Partnership: What role does game theory play in procurement? 🎲 The sixth annual TWS study considers the importance of supply chain resilience and why game theory is increasingly being adopted. Download the free report here 👇 cips-download.cips.org/expert-reports… #GameTheory #SupplyChain

🎧📷A new episode of #GameChanger is out. This time with Uri Gneezy from UC San Diego Rady School of Management on signaling and why sending mixed signals is a bad idea. Spotify lnkd.in/daEZ4-Xw Apple Podcasts lnkd.in/diQckRwu #EconTwitter #gametheory #incentives #credibility

A great video for #gametheory courses to illustrate the notion of higher order beliefs and the implications of a lack of common knowledge (from Friends).

WiE has a new sponsor! TWS Partners is a leading economic strategy consultancy. TWS applies game theory and economic research to help clients navigate complex strategic decisions in areas such as procurement, sales and marketing. We are happy to join forces 🚀 #WomenInEcon

Daniel Kahneman, who changed psychology and economics forever, dies at 90. Thanks for everything. We remember him in 10 great quotes:

Markets everywhere! Alex Tabarrok tylercowen John Cochrane x.com/tradingMaxiSL/…

Last week, around 30 participants came together in Berlin to discuss a case study and network together with our sponsor TWS Partners. Thanks TWS Partners and WiE@HU for hosting the workshop together with us! #WomenInEcon

Milton Friedman illustrates market economies using a pencil.

Prisoners dilemmas, prisoners dilemmas everywhere

A terrific / terrifying example for teaching externalities. Folks choose heavier cars because they're less likely to die in a crash (gray line). But that choice makes it much much more likely that you'll kill the other guy (red line). economist.com/interactive/un… #TeachEcon

Ich will noch mal zwei Gedanken aus diesem Thread von Daniel-Pascal Zorn aufgreifen, weil ich sie besonders wichtig finde und ebenso finde, dass sie in unseren Diskussionen zu Musk, privater Macht, Liberalismus, FDP etc. noch nicht genug betont werden:

Your new go-to illustration showing that some social equilibria are better than others.

The U.S. stockmarket falls both when: 1. The U.S. announces new tariffs (dark blue bars) 2. Other countries announce retaliatory tariffs (light blue and gray bars) We lose when we punch and we lose when we're punched. (Source: Goldman)

Perhaps the hardest idea to truly understand about trade is that it is fundamentally about cooperation, not competition. I trade goods with foreigners for the same reason I trade chores with my partner: If we reallocate tasks in just the right way, we’ll both be better off.

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Ein weiteres Beispiel dafür, dass wirtschaftliche Anreize wichtig sind und wirken. Es ist dieses Wissen, das im VWL Studium vermittelt wird, um Wirtschaftspolitik zu gestalten. Modelle sind dabei wichtig, da sie es erlauben, die Auswirkungen von Politikänderungen abzuschätzen.