Keyword: congestion

Games people play (transcript) (3/27/2007)

Narrated lecture on multi-party games involving binary choices.

Keywords: binary choice, congestion, coordination, critical mass, dominant strategy, externality, game theory, gender, invisible hand, nash equilibrium, payoff matrix, prisoner's dilemma, Schelling, stable solution

On Your Mark. Get Set. Scrub! (11/30/2010)

When the majority chooses the “right” choice, it pays off to choose the “left,” especially when it comes to personal hygiene.

Keywords: collective optimum, congestion, game theory, showers

Price Signals as Guides for Resource Allocation (7/7/2006)

High prices for scarce resources ensure that these resources will be used for only high-valued purposes.

Keywords: congestion, garbage, market, Price signals, recycle, resource allocation, toll