Balbien: Game theory can reform health care industry
By Joel Balbien Economists use game theory to model interactions among patients and doctors where there is strategic behavior by agents who understand that their actions affect the actions of others. It is assumed that each agent has a best response to the actions of all other players, and that this can lead to predictable Read More →
Read More →Game theory gives entrepreneurs an edge
By Joel Balbien Economists use game theory to model interactions among firms, customers, regulators and other market participants where there is strategic behavior by these agents who understand that their actions affect the actions of others. It is assumed that each agent has a best response to the actions of all other players, and that Read More →
Read More →Thornberg: Slower growing economy doesn’t mean recession near
The eight-year trend of economic growth in California and the Central Coast does not necessarily mean a recession is coming, according to economists who spoke at the Central Coast Economic Forecast on Nov. 3 in San Luis Obispo. A common belief is that the economy has a life cycle that inevitably switches back and forth Read More →
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Area economists pin region’s CRE rebound on labor markets
Five area economists weigh in on the health of the region’s commercial real estate market.
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