Tag Archives: Game theory

Stochastic Modelling/Game Theory Analysis of Scoreline (Published)

Prediction of a football match result arouses interest from different points of view; for different people, Hence the need for this work which aims at analysing the scores of the four top English clubs to enable prediction of future outcome of matches to be made in a more scientific manner. From the analysis of the scoreline of the top four EPL clubs; Manchester United (M.U), Chelsea (C), Arsenal (A), and Manchester City (M.C) from (2002-2015) using Game theory and Stochastic modelling, Chelsea emerged the best team with a selection probability of  0.41  while Manchester United also emerged second best with a selection probability of 0.37. From the steady state transition probability matrix, for all the six possible pairs of the four clubs shows that the probability of M.U wining C at home is 0.44 while C wins M.U at home with probability  0.67 depicting C as the stronger club. Similarly M.U is stronger than A, with a 0.71 winning probability as against 0.25 winning probability for A, while M.U and M.C appears to be equally matched with 0.48 and 0.49 probability of winning. C against A reveals a probability of 0.58 and 0.25 for A vs C. while C vs M.C showed C to have an upper hand with a 0.71 probability of winning and 0.44 for M.C vs C. Finally A vs M.C gives the two teams 0.53 and 0.42 winning probabilities. Thus, the two most viable clubs out of the four clubs are Manchester United and Chelsea. Using the four step TPM we also predicted the 2015/2016 matches to obtain their various probabilities given the previous game.

Keywords: English Premier League, Football, Game theory, Operations Research, Prediction, Stochastic modelling

Is Privatization Correlated with Macroeconomic Management? (Evidence from Some Selected African Countries) (Published)

The study investigates the relationship between macroeconomic management and privatization. Many African countries have embarked on one form of privatization reform or the other since 1980 as one of the stringent conditions for accessing capital from the IMF and the World Bank. Secondly globalization and the gradually integration of the African economy into the global economy also means that Africa has to strategically develop its domestic market to cushion itself from fluctuations and probable contagion associated with global economic crisis that are always inevitable Stiglitz (2000) and Ojeaga P. (2012). The methods of estimation used are the OLS, linear mixed effects (LME), 2SLS and the GMM method of estimation. It was found that macroeconomic management has the capacity to affect the success of the privatization reform process. It was also found that privatization was not promoting growth in Africa.

Keywords: Africa, Game theory, Macroeconomic Management and Privatization, Trade

Stochastic Modeling/Game Theory Analysis of Scoreline (Published)

Prediction of a football match result arouses interest from different points of view; for different people, Hence the need for this work which aims at analysing the scores of the four top English clubs to enable prediction of future outcome of matches to be made in a more scientific manner. From the analysis of the scoreline of the top four EPL clubs; Manchester United (M.U), Chelsea (C), Arsenal (A), and Manchester City (M.C) from (2002-2015) using Game theory and Stochastic modelling, Chelsea emerged the best team with a selection probability of  0.41  while Manchester United also emerged second best with a selection probability of 0.37. From the steady state transition probability matrix, for all the six possible pairs of the four clubs shows that the probability of M.U wining C at home is 0.44 while C wins M.U at home with probability  0.67 depicting C as the stronger club. Similarly M.U is stronger than A, with a 0.71 winning probability as against 0.25 winning probability for A, while M.U and M.C appears to be equally matched with 0.48 and 0.49 probability of winning. C against A reveals a probability of 0.58 and 0.25 for A vs C. while C vs M.C showed C to have an upper hand with a 0.71 probability of winning and 0.44 for M.C vs C. Finally A vs M.C gives the two teams 0.53 and 0.42 winning probabilities. Thus, the two most viable clubs out of the four clubs are Manchester United and Chelsea. Using the four step TPM we also predicted the 2015/2016 matches to obtain their various probabilities given the previous game.

Keywords: English Premier League, Football, Game theory, Operations Research, Prediction, Stochastic modelling

Is Privatization Related With Macroeconomic Management? Evidence From Some Selected African Countries (Review Completed - Accepted)

Has macroeconomic management succeeded in making privatization promote growth in Africa? What are the probable strategies that should accompany the privatization reform process to promote growth in Africa? To what extent has the privatization process succeeded in attracting foreign direct investment to Africa? The study investigates the relationship between macroeconomic management and privatization. Many African countries have embarked on one form of privatization reform or the other since 1980, as one of the stringent conditions for accessing capital from the IMF and the World Bank. Secondly, globalization and the gradual integration of the African economy into the global economy also means that Africa has to strategically develop its domestic market to cushion itself from fluctuations and probable contagion associated with global economic crisis that are always inevitable (Stiglitz, 2000 and Ojeaga P., 2012). The methods of estimation used are the OLS, linear mixed effects (LME), 2SLS and the GMM method of estimation. It was found that macroeconomic management has the capacity to affect the success of the privatization reform process. It was also found that privatization was not promoting growth in Africa; privatization could promote growth if long run growth strategies are implemented together with the privatization reform process. Privatization was also found not to have the capacity to attract foreign investment to many African countries.

Keywords: Africa, Game theory, Macroeconomic Management and Privatization, Political Economy

Cinemex Pansionstrategies to Reduce the Distance Market with Cinepolis (Published)

Cinemex is a company that has been characterized by having a very strong expansion strategy, and in recent years has acquired companies being competition as part of its strategy and be able to extend its market power against the industry`s leader called Cinepolis, however, this strategy hasn’t done Cinemex win market even competing by price. The main strength of Cinepolis is technological innovation so the strategy is to expand the firm is to open new complex projects highly technological. Moreover, opening Cinemex complex projects a lower level. The conclusion of the trial is that for Cinemex can continue to expand should redirect its strategy to open theaters with top-level projects that currently use in order to win market power Cinepolis.

Keywords: Cinemex, Duopoly, Game theory, No cooperatives games, Strategies.