Swoopo – the Penny Auction, Pay-Per-Bid Site – Files for Bankruptcy Swoopo, one of the most brilliant money-making ideas that I had seen in execution – a pay-per-bid auction site, has apparently filed for bankruptcy. It had a very innovative business model, in which the bidders in an auction paid for every bid, rather than [...]
Using Game Theory to Attract the Hottest Girls on Online Dating Sites As anything I add to this will probably decrease the awesomeness quotient of it, here it is. Unedited. “A few months ago two friends and I decided to do something interesting. We live in a relatively small town. Not tiny, but small. On [...]
Just found this little anecdote which explains How a Bubble is formed and how/when it bursts. A simple explanation of the subprime crisis. — Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces [...]
This isn’t a review detailing why Delhi 6 sucked (IMO) or where it went wrong, it’s just about how a scene in the movie illustrates an excellent example of Game Theory. There is a scene in the movie where Jai Gopal (the Black Friday dude) asks Gobar (Atul Kulkarni), the village idiot to choose between [...]
Most of us probably know about it already, but now it has reached such levels – about 200 million percent, that using Zimbabve Dollar notes is now more cost effective than using toilet paper to clean one’s ermm.. behind. Using the official currency as toilet paper has become so common in Zimbabve, that a hotel [...]