-1
votes
1answer
129 views

To what equal constant in the Gibbs lemma

The Gibbs lemma is broadly used in games theory and in mathematical economics (optimal distributions of resourses, Cournot competition e.t.c.). Here it is: Lemma (Gibbs). $f_1,f_2,\ldots,f_n$ be ...
10
votes
2answers
670 views

Is there an equivalent of Heisenberg's uncertainty principle in the decision sciences ?

From memories of a quantum mechanics class and Wikipedia: In quantum mechanics, the uncertainty principle is any of a variety of mathematical inequalities asserting a fundamental limit to the ...
13
votes
3answers
921 views

Fairest way to choose gifts

Suppose that a parent brings home from a trip $2n$ gifts of roughly equal value for his/her two children. The children get to choose one at a time which gifts they want. What is the fairest way to do ...
8
votes
3answers
930 views

Weighted Regular Graphs

The following graph theoretic notion appeared in an economics paper entitled: "Prize competition under limited comparability, by Michele Piccione and Ran Spiegler which studies models of economics ...