Game Theory and Pandemics

By Sakshi Dhawan and Kritika Chakrabarti Game Theory Microeconomics is the study of the behaviour of individuals and firms, as well as their interactions with one another. In some ways, it is concerned with a maximisation of individual and firms’ payoffs. Certain foundations of microeconomics depend on a fundamental assumption when determining the payoffs between [...]

Modeling the Death of Honor

Now, when someone from a relatively inferior group tries to marry into a so-called superior group, it supposedly ‘hurts’ the latter’s ego, and their fraudulent honor. And to relieve themselves of the lifelong disdain from other members of the society, the parents decide to kill their own blood and the lover.