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Game Changer

Business & Economics Podcasts

In Game Changer, the podcast by TWS Partners, we want to share our enthusiasm and passion for game theory and its applications. We invite guests from business and academia to discuss how they use the power of game theory in their profession to make a difference – and to learn some fun anecdotes, useful facts and valuable insights along the way. Join us on this journey, and find out that game theory is much more than a topic for ivory tower discussions.

In Game Changer, the podcast by TWS Partners, we want to share our enthusiasm and passion for game theory and its applications. We invite guests from business and academia to discuss how they use the power of game theory in their profession to make a difference – and to learn some fun anecdotes, useful facts and valuable insights along the way. Join us on this journey, and find out that game theory is much more than a topic for ivory tower discussions.

Location:

Germany

Description:

In Game Changer, the podcast by TWS Partners, we want to share our enthusiasm and passion for game theory and its applications. We invite guests from business and academia to discuss how they use the power of game theory in their profession to make a difference – and to learn some fun anecdotes, useful facts and valuable insights along the way. Join us on this journey, and find out that game theory is much more than a topic for ivory tower discussions.

Language:

English

Contact:

+4915201034580


Episodes

Why cheaper isn't always better – the effect of zero prices in the electricity market | with Robert Idel

4/12/2021
In this episode we are talking to Robert Idel, economist and expert in the energy sector. With him, we explore the effects of zero prices and how a market design approach can help tackle the challenging properties of the energy sector with limited storage capacities and lack of incentives to invest. Ironically, after recording this episode, the fragility and flaws in the current energy market that Robert describes became drastically apparent, when a winter storm led to long lasting and...

Duration:00:15:32

Falling in love – game theory style! | with Christina Gravert

3/29/2021
In this episode, Christina Gravert shares her personal experience from using online dating apps and how she applied game theoretic principles to maximise her chances for finding the perfect match. It turns out that the use of dating apps like tinder can be modelled as a game, leading to useful insights for your best “swiping strategy”. We also discuss the link between dating apps and game theoretic concepts like “cheap talk” or the “optimal stopping” problem. Christina Gravert is an...

Duration:00:14:31

The Nuts and Bolts of e-Auctions | with Jacob Larsen

3/15/2021
In this episode we are talking with Jacob Larsen, expert on digital Procurement, about the nuts and bolts of e-auctions and why companies are still struggling to realize their full potential. We discuss the key ingredients needed for a successful e-auction, common misconceptions surrounding the topic and how to avoid looming pitfalls when first getting started with e-auctions. Jacob Larsen is an expert on Procurement in the digital age and author of the book "A Practical Guide to...

Duration:00:21:04

How game theory can keep cognitive biases in check and improve companies' interactions with customers | with Nafa Ben Haddej

3/1/2021
In this episode we are talking to Nafa Ben Haddej, behavioural scientist, about his latest insights on the value of game theory in both individual and group decision making in professional environments. Together we explore how setting the right incentives can reduce (often unconscious) cognitive biases in corporate decision dynamics and promote better customer outcomes. Nafa Ben Haddej is a behavioural scientist who has devoted his professional life to understanding human interactions...

Duration:00:17:47

Never underestimate the power of signals - game theory in frequency auctions | with Stephan Knapek

2/15/2021
In 2020, the Nobel prize for economics was awarded to Robert Wilson and Paul Milgrom for their contributions to complex auction formats. In this episode of Game Changer, Stephan Knapek, Managing Partner at TWS Partners, talks about frequency auctions as a practical application of such complex auction formats. He explains why the state uses auctions to allocate frequency bands to telecom providers, and how these auctions are structured. He also gives insights to the strategies of the...

Duration:00:17:36

Online reviews - How you are fooled by them and why game theory can improve their trustworthiness | with Paolo Turrini

2/1/2021
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...

Duration:00:16:32

Carbon neutral – the smart way: How game theory can help companies to reduce carbon gas emissions | with Christian Paul

1/18/2021
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...

Duration:00:12:34

Finding daycare centres for children in the optimal way | with Tobias Riehm

1/4/2021
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.

Duration:00:12:19

Game theory as a time booster: How market design helps to reduce development time for a vaccine against SARS-CoV-2 | with Marcus Schreiber

12/21/2020
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...

Duration:00:14:17

Game theory – or why prisoners should learn to cooperate | with Abhinay Muthoo

12/7/2020
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.

Duration:00:22:14

Economists to the rescue – how game theory helped to fight a deadly disease | with Sebastian Moritz

11/23/2020
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.

Duration:00:12:31

Contributions of the 2020 economics laureates - or why winning an auction can be cursed | with Achim Wambach

10/16/2020
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.

Duration:00:12:46

Game theory: Only a subject for Academia or relevant for business? | with Marcus Schreiber

9/23/2020
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.

Duration:00:16:57