At a glance:

Takeaways

Shrinkflation is the process of products decreasing in size or quality while maintaining the same price.

Examples of shrinkflation include smaller food packages and thinner burger patties.

Ben and Jerry's faced tax issues in Canada due to downsizing their ice cream pints.

Skimpflation refers to a decrease in product quality for the same price.

Shrinkflation impacts consumer experiences and the economy. Shrinkflation and skimflation are common practices where companies reduce the size or quality of products while maintaining the same price.

Examples include Ben & Jerry's reducing ice cream container sizes and Chipotle decreasing portion sizes.

Measuring skimflation can be challenging, as it often involves changes in product quality that are not easily quantifiable.

Companies like McDonald's and Subway are facing declining sales and customer frustration due to high prices and lack of value.

Businesses should focus on providing quality products at affordable prices to meet customer expectations and drive sales.

In this episode, we explore the concept of shrinkflation, where products decrease in size or quality while maintaining the same price. They provide examples of shrinkflation, such as smaller food packages and thinner burger patties. The hosts also mention Ben and Jerry's involvement in shrinkflation and how it led to tax issues in Canada.

They touch on the related concept of skimpflation, where the quality of a product decreases for the same price. Overall, the conversation highlights the impact of shrinkflation on consumer experiences and the economy. The conversation explores the concepts of shrinkflation and skimflation, which refer to the practice of reducing the size or quality of products while maintaining the same price.

Examples are given, such as Ben & Jerry's reducing the size of their ice cream containers and Chipotle decreasing the portion sizes of their meals.

The discussion also touches on the challenges of measuring skimflation and the impact it has on consumers. McDonald's and Subway are highlighted as examples of companies facing declining sales and customer frustration due to high prices and lack of value. The conversation concludes with the importance of businesses focusing on providing quality products at affordable prices.

Chapters:

00:00 Introduction and Casual Chat

02:57 The Decline of Dating Apps

11:16 Introduction to Shrinkflation

17:30 Examples of Shrinkflation

21:44 Ben and Jerry's Involvement in Shrinkflation

24:22 Skimpflation: Decrease in Quality

25:01 Impact of Shrinkflation on Consumers and the Economy

31:38 Examples of Shrinkflation and Skimflation

36:32 Challenges in Measuring Skimflation

39:42 Impact of Shrinkflation and Skimflation on Consumers

45:07 Struggles of McDonald's and Subway

48:25 The Importance of Providing Value to Customers

In this episode, Nick and Chris discuss black swan events, which are rare and unpredictable events with significant consequences.

They explore the criteria for a black swan event and provide examples such as the 2008 financial crisis and the 9/11 terrorist attacks. They also discuss the predictability of these events and the impact they have on society and the global order.

The conversation explores the concept of black swan events and their impact on history and society. It discusses various examples of black swan events, including the South Sudan basketball team playing the wrong national anthem, the 9/11 terrorist attacks, and the COVID-19 pandemic.

The conversation also touches on the US intelligence community's Global Trends reports, which predict future trends and potential black swan events. It concludes with a discussion on the limitations of predicting and preparing for black swan events.

Chapters

00:00 Introduction and Multilingual Podcast

01:17 Marvel Casting Robert Downey Jr.: A Cry for Help?

06:16 The Concept of Black Swan Events

14:09 Examples of Black Swan Events: 2008 Financial Crisis

19:00 Nassim Nicholas Taleb's Definition of Black Swan Events

23:45 9/11: A Black Swan Event

28:03 Introduction to Black Swan Events

29:58 Examples of Black Swan Events

36:29 The Role of US Intelligence in Predicting Black Swan Events

45:19 Geomagnetic Storms and Other Potential Black Swan Events

47:42 The Consequences of US Disengagement

Summary In this conversation, the hosts discuss various topics, including the New York State salary listing requirement, the impact of AI on creative expression, the importance of a paper co-authored by prominent thinkers in foreign policy, the revolutionary change brought about by nuclear weapons, and the use of AI in music and art. They also explore the automation of mundane processes, the joy of buying books, AI-generated book covers, and the romanticization of everyday life through AI-generated images. The conversation concludes with a discussion on a potential strike in Hollywood and the reputability of sources. Takeaways New York State requires employers to list the salary for every job posting on the internet. AI is efficient at making associations and correlations but lacks the ability to generate ideas. AI has had a profound impact on scientific writing and publications. AI can automate mundane processes and speed up tasks that require intellectual capital. AI-generated book covers and images raise questions about the loss of artistic expression. AI-generated music and art have both positive and negative implications. The hosts express their love for buying books and the joy of owning them. The conversation touches on the potential strike in Hollywood and the reputability of sources. Sound Bites Chapters 00:00 Introduction and Celebration 02:10 New York State Salary Listing Requirement 03:00 Excitement for Future Topics 04:07 Predictability and Clip Reappearance 05:10 AI and Creative Expression 07:00 Prominent Thinkers in Foreign Policy 09:04 Importance of the Paper 11:38 Revolutionary Change of Nuclear Weapons 12:35 AI as Mathematical Correlations 14:15 AI and Music 15:23 AI's Impact on Scientific Writing 15:54 Automating Mundane Processes 18:03 AI-Generated Book Covers 19:50 AI-Generated Music and Art 22:01 AI's Impact on Artistic Expression 23:00 AI-Generated Images and Romanticization 24:06 AI-Generated Music Revisited 25:32 Player 3's Musical Preferences 26:09 Potential Strike in Hollywood 26:47 Reputability of Sources

Are aliens real? If they are would they want us? In this episode, Nick & Chris look into the math and philosophy of life being out there somewhere. 

You can follow the show and participate in discussions on Facebook here: https://www.facebook.com/gametheorypod

If this description doesn't contain resources and a googliography, check back later, it's on the way. 

Clips: Arrival, South Park.

In medieval Chinese myth, a brilliant writer and strategizer documented the best strategies of the day in a book called the thirty-six stratagems. In the separation subsection, there's a bluff called the "Empty Fort Strategy."

This strategy is so crazy, that it just might work. 

It enters into the realm of reverse and reverse-reverse psychology in the manner that a bluff in poker does. 

In this episode, the guys talk about the Empty Fort Strategy, military bluffs, and general one-upmanship in competition

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Email the guys: gametheroymedia1@gmail.com

Subscribe to the YouTube Channel: https://bit.ly/3pderlY
Find the show on FB: https://www.facebook.com/gametheorypod

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Googlyography:

EMPTY FORT STRATEGY

Wikipedia: Empty Fort Strategy Wiki: https://en.wikipedia.org/wiki/Empty_Fort_Strategy#:~:text=The%20Empty%20Fort%20Strategy%20is,listed%20in%20the%20following%20sections.

OTHER BLUFFS

Military Bluffs: https://www.kickassfacts.com/10-greatest-bluffs-in-history-that-actually-paid-off/

Military Bluff Reddit: https://www.reddit.com/r/AskHistorians/comments/uabjp/what_are_some_of_the_greatest_military_bluffs_of/

Thirty-six Strategems Wiki: https://en.wikipedia.org/wiki/Thirty-Six_Stratagems

Bluffing Board Games: https://www.boardgamehalv.com/best-bluffing-board-games/

The chess world championships were delayed in 2020 due to the Covid-19. Now the championships will happen for about ten days in late November 2021.  The match will pit challenger Ian Nepomniatchi against three-time defending champion and world number 1, Magnus Carlsen. In this episode, Nick and Chris will dive into the history of chess champions and discuss the historic relevance of the current Magnus reign of terror.

TPIR is entering its 50th season. So, how do you win? How do you avoid losing? Why do people do what they do on contestants' row?

Full resources and description is pending

Helpful Links: 

Learn more about Justin: https://bit.ly/3kaj8vk

The Price is Right Stats: https://bit.ly/3BJULul

In this episode, the boys talk about college football, the only North American team sport to have huge arguments about who the best team is and who gets the right to challenge for the title. 

In this episode, we start our "We Got a Guy for that" series for when we're out of our depth (which is usually the case). Our friend Trent Williams (Not the superstar left tackle for the San Francisco 49ers), has more than 1K subscribers on his outdoor YouTube channel and is an avid and expert hunter and angler. 

We discuss the difference between state tag lottery systems and the North American conservation model. 

Find more about Trent: 

YouTube: https://www.youtube.com/channel/UC3oydSanPXCVH6gO3pAorTg/videos

Facebook: https://www.facebook.com/TrentWilliamsOutdoors

Contact the show at gametheorymedia1@gmail.com

Resources:

Women's Suffrage in Wyoming: https://en.wikipedia.org/wiki/Women%27s_suffrage_in_Wyoming#cite_ref-:4_15-1

WyoHistory: https://www.wyohistory.org/encyclopedia/women-jury-wyoming-makes-history-again

Right Choice, Wrong Reasons: https://www.wyohistory.org/encyclopedia/right-choice-wrong-reasons-wyoming-women-win-right-vote

150 years of women in Wyoming https://www.powelltribune.com/stories/celebrating-wyomings-history-of-remarkable-women-leaders,30486

Wyoming Women, a timeline: https://wywf.org/wyoming-womens-history/

Further reading:

https://www.usatoday.com/in-depth/life/women-of-the-century/2020/08/13/wyoming-woman-equal-rights-first-state-women-voting-rights/5021228002/

NOTE: Game Theory is educational and conversational - it is not meant to be 100% accurate. We will make relevant corrections in subsequent episodes. 

You can find our website at https://www.gametheorypod.com and leave a voice message there to be featured on the show. 

You can also now watch full episodes on our YouTube Page: https://www.youtube.com/channel/UCmjAxkps9wzDeMyZPWzhFCg

Resources:

Decline Now Movement games the algorithm: https://www.bloomberg.com/news/articles/2021-04-06/doordash-workers-are-trying-to-game-the-algorithm-to-increase-pay

High Jumpers share gold: https://www.youtube.com/watch?v=GjSCT97GSsA

Understanding the Traveler's Dilemma: https://www.investopedia.com/terms/t/travelers-dilemma.asp

More on the subject: 

"DoorDash's Revenue Triples during pandemic" by the Wall Street Journal https://www.wsj.com/articles/doordashs-revenue-triples-amid-sustained-demand-for-food-delivery-11620936876?page=1

More Reporting on the #declinenow movement from vice: https://www.vice.com/en/article/3anwdy/organized-doordash-drivers-declinenow-strategy-is-driving-up-their-pay

Contact the show: gametheorymedia1@gmail.com Pokemon cards have made a huge comeback for collectors, selling at massive prices. But, they've also made a comeback in popularity for players. In this episode Nick and Chris talk about their experience with the trading card game, the current market, and the current competative landscape.  Resources: https://shop.tcgplayer.com/pokemon Quarter million dollar sale. https://www.pennlive.com/life/2021/07/pa-auction-houses-record-breaking-sale-included-rare-shadowless-pokemon-cards.html Most valuable pokemon cards: https://www.forbes.com/sites/joeparlock/2021/03/05/the-top-10-most-valuable-pokmon-tcg-cards-that-you-might-actually-own/

The last male northern white rhino died in 2018. There are two (known) females left. Should we intervene? 

In this episode, Nick and Chris discuss their hiatus and receive feedback on their Match Day episode. They then introduce John von Neumann, a mathematician, physicist, computer scientist, and polymath who made significant contributions to game theory.

We discuss his biography, academic career, and collaborations with other intellectual giants. They highlight his work on the Manhattan Project and his obsession with game theory.

The episode concludes with a humorous anecdote about von Neumann's clap back to his wife. This conversation explores the perspectives and contributions of John von Neumann, a mathematician and physicist known for his work in game theory and nuclear deterrence.

Von Neumann's view of chess as a well-defined form of computation is discussed, highlighting the distinction between strategy and tactics.

We also delves into the mechanical properties of the universe and the role of bluffing and deception in chess and real life. Von Neumann's life's work in game theory, including the mini max theory and the cake distribution problem, is explored.

Additionally, his involvement in missile development and his impact on national defense strategy are examined. The conversation concludes by addressing some unsavory aspects of von Neumann's life.

Takeaways

John von Neumann was a brilliant mathematician, physicist, and computer scientist who made significant contributions to game theory.

He collaborated with other intellectual giants, such as Einstein and Bohr, and played a key role in the Manhattan Project.

Von Neumann's work on game theory revolutionized the field and has applications in economics, decision-making, and military strategy.

His obsession with game theory led him to develop groundbreaking concepts and models.

Despite his brilliance, von Neumann had a humorous side, as seen in his clap back to his wife. Chess can be seen as a well-defined form of computation, while real life involves bluffing and deception.

Game theory provides a framework for decision-making and optimizing strategies in various situations.

Von Neumann's work in game theory and nuclear deterrence had a significant impact on national defense strategies.

The distinction between strategy and tactics is crucial in understanding complex systems and decision-making.

Von Neumann's contributions to mathematics and physics continue to shape our understanding of the world.

Chapters

00:00

Introduction and Welcome Back

01:04 Discussion on Medical Match Day

05:49 Feedback on Match Day Episode

07:11 Introduction to John von Neumann

09:17 Biographical Information on John von Neumann

11:31 Contributions of John von Neumann

20:27 Collaboration with Other Intellectual Giants

24:29 Casual Conversations with Einstein and Bohr

25:22 Obsession with Game Theory

26:15 Von Neumann's Clap Back

26:51 Von Neumann's Perspective on Chess and Games

27:43 The Intellectual Period and the Predictability of the Universe

29:06 Mechanical Properties of the Universe

30:03 Chess as a Well-Defined Form of Computation

31:28 Bluffing and Deception in Chess and Real Life

33:09 The Role of Game Theory in Decision-Making

34:35 Von Neumann's Life's Work: Mini Max Theory

37:07 The Cake Distribution Problem

41:57 Von Neumann's Work on Nuclear Deterrence

46:01 Von Neumann's Role in Missile Development

51:45 Von Neumann's Distinction Between Strategy and Tactics

57:23 Unsavory Aspects of Von Neumann's Life

Links:

John von Neumann Wiki: https://en.wikipedia.org/wiki/John_von_Neumann

Minimax Theorem: https://en.wikipedia.org/wiki/Minimax_theorem#cite_note-1

Theory of Games and Economic Behavior: https://press.princeton.edu/books/paperback/9780691130613/theory-of-games-and-economic-behavior

Klara Dan von Neumann: https://en.wikipedia.org/wiki/Kl%C3%A1ra_D%C3%A1n_von_Neumann#:~:text=Kl%C3%A1ra%20D%C3%A1n%20von%20Neumann%20(born,style%20code%20on%20a%20computer.

Reddit Thread on JVN's Contribution to the Nash Equilibrium https://www.reddit.com/r/math/comments/kkvz9e/how_exactly_did_nashs_paper_on_game_theory_differ/?rdt=62998&onetap_auto=true

Nick and Chris wave goodbye to Pride Month 2021 with a look at how Alan Turing and the British were able to keep the fact that they cracked Enigma a secret from everyone for so long. 

Ad: Elope Jackson https://bit.ly/3jm2d9r

Resources:

https://www.theguardian.com/science/blog/2014/nov/28/imitation-game-alan-turing-us-intelligence-ian-fleming

https://drenigma.org/2018/06/13/did-the-nazis-know-the-british-were-breaking-the-enigma-codes/

https://www.bbc.com/news/science-environment-18561092

Email the show at gametheorymedia1@gmail.com

Follow Nick on Twitter at @tribnic

Follow the show on Insta at @Gametheorypodcast

Ep 8 

YouTube: https://bit.ly/3igjccJ

Cicadas are so unathletic and unimpressive that they need a weird adaptation to survive. That adaptation is power in numbers. When they emerge, there are far too many of them for predators to eat them all. Also, they aren't above ground for long enough for preditors to adapt and focus solely on them.

Humans do something similar in large groups or mobs. Think of the infamous Malice at the palace or the capitol riots. In those cases, there are going to be some people who participated just passively enough to get away with it because the authorities just can't possible get them all.

The Marvel Cinnematic Universe is perhaps the most successful entertainment venture in world history. BUT. Would it have been better as a series on Netflix, Hulu, or HBO? Chris and Nick get into a natural fight about this topic. Nick says series, Chris says he doesn't understand. Would you like a more detailed episode on the film and TV industry? email us at gametheorymedia1@gmail.com

Nuclear weapons are a cheat code for war. How the prisoner's dilemma plays out on a global stage. 

Full episode blog: https://bit.ly/2RuG8dc

Relevant links:

• The Office Clip: https://bit.ly/3eUoyrO
• Inglorious Bastards Mexican Standoff: https://bit.ly/3tYIzSz

Learn more about the show at https://www.gametheorypod.com

Resources used in this episode:

Kalist Research from the Journal of Statistics Education by Taylor & Francis.

• Citation: David E. Kalist (2004) Data from the Television Game Show “Friend or Foe?”, Journal of Statistics Education, 12:3, DOI: 10.1080/10691898.2004.11910634
• URL: https://bit.ly/3hiqSur

Friend of Foe? Wikipedia: https://bit.ly/3vWKmsz

Friend of Foe? Wiki Fandom: https://bit.ly/3vWKmsz

Without Prejudice game show wikipedia: https://bit.ly/3tEtuVQ

Kennedy Official Fox Business: https://fxn.ws/2RHdZiL

Kennedy Wikipedia: https://bit.ly/3tHpXWN

How RPS works, why it's basically luck, and this one time it was used to settle an argument. 

In this episode, Nick and Chris talk about the idea and film Moneyball. 

Learn more:

• The Atlantic - The problems with the movie https://bit.ly/3dFWaYC
• Moneyball film Rotten Tomatoes: https://bit.ly/3dB32qb
• Buy the Book: https://amzn.to/3wofnqm
• Meditation in a Toolshed by C. S. Lewis https://bit.ly/3dHHybn

You can watch this episode on YouTube here: https://bit.ly/3dBnEie

 

 

Welcome to Game Theory! If you're new here, below are links to some of our best episodes. We recommend starting with them. 

Black Friday Prisoner's Dilemma - 

Apple: https://bit.ly/3GX3dwd

Spotify: https://bit.ly/3WR9oXW

Quiet Quitting - 

Apple: https://bit.ly/3WUuqoI

Spotify: https://bit.ly/3WYZQu3

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Chess is the perfect example of a zero-sum game and it's arguably never been more popular.

In this episode, Nick and Chris answer the question: What is Chess?

Learn more about this episode: https://www.gametheorypod.com/post/wtf-is-chess

 

References:

 

Garry Kasparov Masterclass https://bit.ly/38DXYzM

'My System' by Aron Nimzowitschb https://amzn.to/3rNYPVZ

'Pawn Power in Chess' by Hans Kmoch https://amzn.to/38Bqu50

Chess.com Queen's Gambit Review http://bit.ly/3bJ02Zi

 

Game Theory is a Product of Game Theory Media

Brothers Nick and Chris Andrews bring you a basic, chill series about all things surrounding competitive decision-making. The topics will include games, sports, policy, history, and warfare. 

In this episode, Nick and Chris are joined by Nick's better half -- Dr. Kim Linden -- to talk about the medical match. What's it like? Do you like it? What are the problems?

We'd all also like to congratulate and wish godspeed upon all those who matched! Remember, this show has a YouTube Channel and you can also check out the website for blogs, etc. Email the show at gametheorymedia1@gmail.com

Follows:

Game Theory on Facebook - https://bit.ly/3u8Jguz

Nick on Twitter - @tribnic

Nick on Insta - @tribnic 

Chris on Twitter - @ChrisAndrews315

Special Thanks to Dr. Glaucomflecken and his TikTok - https://www.tiktok.com/@drglaucomflecken 

Googliography: 

The Match - https://en.wikipedia.org/wiki/National_Resident_Matching_Program#Matching_algorithm

Match Day -
https://en.wikipedia.org/wiki/Match_Day_(medicine)

Stable Marriage Problem - https://en.wikipedia.org/wiki/Stable_marriage_problem#Different_stable_matchings

In this episode, Nick and Chris various topics including the Atlanta Hawks' coin flip games, the Match Group lawsuit, Wendy's surge pricing, and the blue dot effect.

The blue dot effect refers to the phenomenon where people change their concept of something based on its prevalence.

This has implications for decision-making and perception. The hosts also explore the influence of media and news on people's biases and perceptions.

This conversation explores the power of negative news and the human tendency to impose meaning on ambiguous stimuli. It delves into the impact of social media algorithms and the dark side of platforms like TikTok.

The conversation also discusses the incentives of activism and the perceived worsening of the world.

Finally, it examines the inshitification of online platforms and offers solutions such as personal acknowledgment and empathy.

Links:

Nishith Goyal - Medium: https://medium.com/illumination/understanding-the-blue-dot-effect-the-hidden-bias-impacting-our-choice-441d6901a372

Negative News Headlines: https://www.vox.com/the-highlight/23596969/bad-news-negativity-bias-media

Blue Dot Effect Article:https://www.livescience.com/62962-blue-or-purple-dots-illusion.html

WSJ Video Investigation:

https://www.wsj.com/video/series/inside-tiktoks-highly-secretive-algorithm/investigation-how-tiktok-algorithm-figures-out-your-deepest-desires/6C0C2040-FF25-4827-8528-2BD6612E3796?adobe_mc=TS%3D1709163442%7CMCMID%3D56653084828899941945114323709949221977%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%40AdobeOrg&wsj_native_webview=android&ace_environment=androidphone%2Cwebview&ace_config=%7B%22wsj%22%3A%7B%22djcmp%22%3A%7B%22propertyHref%22%3A%22https%3A%2F%2Fwsj.android.app%22%7D%7D%7D

Takeaways

• Negative news tends to garner more attention and provoke stronger physiological responses than positive or neutral news.
• Humans have a natural tendency to impose meaning on ambiguous stimuli, such as seeing faces in inanimate objects.
• Social media algorithms can reinforce negative perceptions and lead to unhealthy consumption habits, especially among vulnerable populations like teenagers.
• Activism can be driven by a desire to perpetuate one's own status and prestige, leading to a constant search for problems to solve.
• Online platforms often deteriorate in quality over time as they prioritize their own interests over those of their users.
• Individuals can combat bias and improve their approach by acknowledging their own tendencies and programming 'ducks' into their work.
• Empathy and patience can help navigate situations where others may be prone to pareidolia and blue dotting.

Chapters

00:00 Introduction and Updates

03:00 The Atlanta Hawks' Coin Flip Games

05:57 Match Group Lawsuit

08:58 Wendy's Surge Pricing

10:04 The Blue Dot Effect

21:05 Implications of the Blue Dot Effect

23:01 The Influence of Media and News

23:23 The Power of Negative News

25:17 Pareidolia and the Imposition of Meaning

29:46 The Perceived Worsening of the World

31:33 The Incentives of Activism

36:23 The Impact of Social Media and Algorithms

41:27 The Physiological Response to Negative News

43:53 The Dark Side of TikTok

48:40 The Inshitification of Online Platforms

50:30 Personal Acknowledgment and Empathy

Episode 105. In this episode, the hosts discuss various topics including the challenges of moving, a dating app lawsuit, the impact of Seattle's delivery laws, AI-generated content, the secretary problem, and the application of cardinal and ordinal information in decision making. They also touch on Euler's constant and its significance in mathematics. The conversation explores the use of optimal stopping theorem and the 37% rule in decision making processes. The hosts provide insights into the housing market and the importance of considering both cardinal and ordinal information when making choices. The conversation explores the secretary problem and its applications in real life decision-making, such as hiring and dating. It discusses the odds of finding the best candidate and how mathematical value can improve decision-making. The objections to the secretary problem are also examined, highlighting the limitations of its application in real-life scenarios. The importance of being boring and the value of the first candidate through the door are emphasized. The conversation concludes with a lighthearted discussion on the optimal dressing problem and random banter. Takeaways Moving can be a challenging experience that can disrupt regular activities and hobbies. Dating apps may face legal action for allegedly using gambling strategies to keep users addicted. Seattle's delivery laws have resulted in unintended consequences, such as decreased orders and lower tips. AI-generated content and scripts are being explored in various industries, including the film industry. The secretary problem and optimal stopping theorem provide mathematical solutions for decision making processes. Cardinal and ordinal information play a role in decision making, with cardinal information providing more precise evaluations. Mathematical value can improve decision-making in scenarios like hiring and dating. The secretary problem has limitations in real-life decision-making due to factors like cardinal or relative goodness and the availability of information. Being boring can be a smart and aggressive approach to decision-making. The first candidate through the door can often be the best choice. The optimal dressing problem is a relatable example of decision-making with emotional factors. Chapters 00:00 Introduction and Technical Difficulties 01:12 The Challenges of Moving 01:56 Dating App Lawsuit 03:00 The Goal of Electronic User Products 04:02 Freerice.com and Ad Revenue 05:13 DoorDash and Seattle's Ordinance 06:02 The Impact of Seattle's Delivery Laws 07:16 The Purpose of Food Delivery Jobs 08:09 AI-Generated Content and the Madam Web Movie 09:20 The Theory of AI-Generated Scripts 10:13 AI in Commercials 10:56 Upcoming Episodes: AI-Generated Content, Insurance, and Cicadas 12:08 The Secretary Problem and Optimal Stoppage Theorem 15:37 Applying the Secretary Problem to Housing 18:11 Cardinal and Ordinal Information 19:13 Optimal Stopping Theorem and Euler's Constant 23:36 Euler's Number and Its Applications 28:16 Cardinal vs Ordinal Information in Decision Making 36:01 The Odds of Finding the Best Candidate 37:34 The Secretary Problem in Real Life 38:53 The Dating and Marriage Problem 40:02 Objections to the Secretary Problem 44:03 The Importance of Being Boring 46:25 The First Candidate Through the Door 47:48 The Optimal Dressing Problem 49:13 Random Banter Links: https://www.reddit.com/r/slatestarcodex/comments/azpkge/the_secretary_problem_is_too_bad_a_match_for_real/?rdt=45403

Contact the show:

gametheorymedia1@gmail.com

_________________________________

Summary:

The conversation explores the topics of licensing agreements, negotiations, ownership, compensation, and the influence of AI in the entertainment industry.

The hosts discuss the challenges and dynamics of moving and the process of purging belongings. They also touch on the concept of ownership in relation to movies and music purchased through digital platforms.

The conversation delves into the licensing agreements between artists, record labels, and platforms like TikTok, highlighting the importance of compensation and the impact of viral moments on an artist's career.

The hosts also discuss the role of AI in creating music and visual content and its potential effects on human artists.

This conversation explores the impact of AI on artists and Universal Music Group, the question of reality and ownership in the digital age, the importance of focus in negotiations, the expansion and potential issues of TikTok, the shift in social media's role from self-expression to passive consumption, social media's impact on real life, and the role of AI in content creation.

Takeaways

The rise of AI in the music industry raises concerns about the replacement of artists and the impact on their creative output.

The question of reality and ownership becomes more relevant as AI-generated content becomes more prevalent.

Focus and specificity in negotiations can lead to more successful outcomes compared to a laundry list of demands.

TikTok's expansion into various areas, such as e-commerce and music, raises concerns about the platform's focus and potential for becoming a bot-filled environment.

Social media has shifted from a platform for self-expression to a consumption-driven experience, leading to increased time spent on social media apps.

Social media has the power to generate real social movements and affect real-life change.

The shift towards passive consumption on social media may lead to a decline in engagement and interest.

The use of AI in content creation raises questions about the future of human creativity and the role of technology in the creative process.

Chapters

00:00 Introduction and Moving

03:06 Licensing Agreements and Negotiations

08:13 Ownership and Rights in the Entertainment Industry

16:24 Compensation and Negotiating Power

21:23 UMG's Concerns and TikTok's Influence

26:48 AI and Creative Expression

35:35 The Impact of AI on Artists and Universal Music Group

37:01 The Question of Reality and Ownership

38:26 The Importance of Focus in Negotiations

41:24 TikTok's Expansion and Potential Issues

44:19 The Shift in Social Media's Role

46:10 The Rise of Consumption-driven Social Media

49:17 Social Media's Impact on Real Life

52:00 The Shift from Self-Expression to Passive Consumption

53:19 The Role of AI in Content Creation

In this episode of the Game Theory podcast, the hosts discuss various topics including the Stanley Cup craze and lead contamination, international women's soccer tournaments, and the Raven paradox.

They explore different solutions to the paradox, including Good's Baby Solution and the Red Herring Solution.

The conversation explores Hempel's paradox, which is a paradox of induction. It discusses the relationship between observation and hypotheses, as well as the limitations of inductive reasoning.

Hempel's response to the paradox is examined, along with the concept of the red herring. The orthodox approach to hypothesis testing and the philosophy of language and science are also explored. The conversation delves into logical positivism and the concept of falsifiability.

The multiverse and alternate realities are discussed, as well as the determination of logical truths. The conversation concludes with a discussion on confirmation bias and the idea of infinite evidence.

Takeaways

The Stanley Cup craze highlights the importance of product safety and the need for manufacturers to ensure that their products do not contain harmful substances.

International women's soccer tournaments have unique dynamics and challenges, including the qualification process and the representation of different countries within the United Kingdom.

The Raven paradox raises questions about the nature of evidence and the limitations of inductive reasoning. Different solutions, such as Good's Baby Solution and the Red Herring Solution, offer insights into how to approach the paradox.

Bayesian statistics provides a framework for updating beliefs based on new observations and prior knowledge, which can be applied to understanding the Raven paradox.

Chapters

00:00 Introduction and Podcast Updates

03:05 The Stanley Cup Craze and Lead Contamination

08:22 International Women's Soccer Tournaments

12:19 The Raven Paradox

23:53 Good's Baby Solution

31:00 The Red Herring Solution

35:08 Observation and Hypotheses

36:28 Hempel's Response

37:23 The Red Herring

38:21 Limitations of Inductive Reasoning

39:16 Orthodox Approach to Hypothesis Testing

40:43 Philosophy of Language and Science

42:09 Logical Positivism and Falsifiability

43:16 The Multiverse and Alternate Realities

45:13 Determining Logical Truths

46:10 Confirmation Bias and Infinite Evidence

Summary

This episode of the Game Theory podcast discusses the case of Paolo Macchiarini, a surgeon who committed medical and relationship fraud.

Macchiarini gained fame for his experimental surgeries, particularly the implantation of lab-grown tracheas. However, his procedures resulted in the deaths of several patients. Additionally, Macchiarini engaged in a relationship with journalist Benita Alexander while deceiving her and others about his personal and professional life.

The episode explores the ethical and legal issues surrounding Macchiarini's actions. This part of the conversation delves into the journey of Paolo Macchiarini, a surgeon who engaged in fraudulent medical practices.

It explores his lack of animal testing, the role of whistleblowers and journalists in exposing his actions, and the ethical concerns surrounding his surgeries.

The chapter also discusses the involvement of journalist Benita Alexander and provides an update on Macchiarini's current status. Overall, the conversation highlights Macchiarini's deviousness, luck, and evil intentions.

The conversation covers various topics including the Swedish legal system and planning a fun episode.

Takeaways

Paolo Macchiarini committed medical and relationship fraud, deceiving patients and engaging in a deceptive relationship with a journalist.

His experimental surgeries, particularly the implantation of lab-grown tracheas, resulted in the deaths of several patients.

Macchiarini's actions raise important ethical and legal questions about the regulation of medical procedures and the responsibility of medical professionals.

The case highlights the need for thorough investigation and scrutiny in the medical field to prevent fraud and protect patient safety. Paolo Macchiarini engaged in fraudulent medical practices, including the lack of animal testing and misrepresentation of data.

Whistleblowers and journalists played a crucial role in exposing Macchiarini's actions and bringing them to light.

The case highlights the importance of ethical considerations in medical research and the potential harm caused by fraudulent practices.

Benita Alexander's involvement with Macchiarini raises questions about journalistic ethics and the impact of personal relationships on professional conduct.

Macchiarini's actions demonstrate a high level of deviousness, luck, and evil intentions. The Swedish legal system is discussed, highlighting its flaws and limitations.

The hosts plan a future episode focused on sports, concussions, and math.

The conversation showcases the hosts' humor and camaraderie.

Chapters

00:00 Introduction and Background

03:00 Paolo Macchiarini's Medical Fraud

08:00 Billy McFarland and Fire Festival

12:00 Relationship Fraud and Benita Alexander

19:00 Paolo Macchiarini's Rise to Fame

25:00 Experimental Surgeries and Patient Deaths

32:00 Julia Tulek and the Documentary

36:00 Ethical and Legal Issues

36:52 The Journey Begins

37:58 The Trachea Thing

39:41 Lack of Animal Testing

41:53 Whistleblowers and Journalists

44:48 Ethical Concerns

52:08 The Case of Yesim Seeter

56:01 Benita Alexander's Involvement

59:59 Macchiarini's Current Status

01:06:09 Evaluation: Smart, Lucky, Evil

01:12:21 Discussion on the Swedish legal system

01:12:38 Planning a fun episode

Summary

The conversation begins with a reflection on the previous episode and a discussion on snow and winter.

The main topic of the conversation is the Stanley Cup trend, which is a fad involving the popularization of Stanley mugs.

The factors contributing to the trend, such as novelty and fear of missing out, are explored. The benefits and features of the Stanley Cup are also discussed, including its durability and insulation properties.

The rebranding and marketing strategy of Stanley to target a new consumer base is examined. The rapid increase in sales and popularity of the Stanley Cup is highlighted.

The conversation concludes with a discussion on the potential decline of the trend and incidents related to the Stanley Cup. This conversation explores the rise of Stanley Tumblers as a popular consumer product and the concept of conspicuous consumption.

It delves into the modernity of conspicuous consumption and the trends in consumer products. The viral success of Stanley Tumblers is highlighted, along with the company's response and the quality of their products.

The conversation also touches on the upcoming episode of Fraudster Files, which combines medical and relationship fraud. ___________________________________

Takeaways

The Stanley Cup trend is a fad involving the popularization of Stanley mugs, which are known for their durability and insulation properties.

The trend was fueled by factors such as novelty, fear of missing out, and savvy marketing strategies.

The rapid increase in sales and popularity of the Stanley Cup demonstrates the effectiveness of influencer marketing and social media trends.

The decline of the trend may be influenced by factors such as the saturation of the market and the association with a specific demographic.

The Stanley Cup trend reflects the desire for status symbols and the growing emphasis on health consciousness. Stanley Tumblers have become a popular consumer product, driven by a targeted marketing campaign and social media influence.

Conspicuous consumption is a modern phenomenon where consumers buy and use goods of higher quality or price to demonstrate social status.

The success of Stanley Tumblers reflects the changing dynamics of consumer preferences and the desire for attainable status symbols.

The response of luxury brands to changing consumer trends and the impact of pricing strategies on their market position.

The viral nature of social media can significantly impact the success of a product or brand.

The quality and functionality of a product play a crucial role in its popularity and customer satisfaction.

The upcoming episode of Fraudster Files explores the intersection of medical and relationship fraud.

___________________________________

Time Stamps:

00:00

Introduction and Reflection on Previous Episode

02:02

Discussion on Snow and Winter

03:26

Introduction to the Stanley Cup Trend

08:06

Factors Contributing to the Stanley Cup Trend

10:12

Description and Benefits of the Stanley Cup

14:11

Rebranding and Marketing Strategy of Stanley

19:21

Rapid Increase in Sales and Popularity of Stanley Cups

24:19

Discussion on the Decline of the Stanley Cup Trend

26:33

Incidents and Reactions to the Stanley Cup Trend

30:05

The Status Symbol and Health Consciousness of the Stanley Cup

32:04

The Rise of Stanley Tumblers

39:19

Conspicuous Consumption and Luxury Brands

45:11

The Modernity of Conspicuous Consumption

52:30

Trends in Consumer Products

54:00

The Viral Success of Stanley Tumblers

55:35

Stanley's Response and Product Quality

56:05

Fraudster Files: Medical and Relationship Fraud

Thanks for hanging out with us for 100 episodes!

In this episode, the hosts discuss short selling and short squeezes in the stock market.

They provide examples from movies like 'The Big Short' and 'Casino Royale' to explain the concept of short selling. They also explain the mechanics of short selling, including opening a brokerage account, borrowing stocks, and monitoring account equity.

The hosts mention the GameStop short squeeze as an example of how short selling can backfire. They emphasize the potential for making a profit through short selling, but also the risks involved. In this conversation, the hosts discuss the real-life example of short squeezing in the case of Herbalife and the famous battle between Bill Ackman and Carl Icahn.

They explain the concept of short selling and short squeezes, highlighting the risks and complexities involved. They also touch on the role of activist investors and the moral implications of short selling.

The hosts emphasize the excitement and addictive nature of short squeezing, but caution against the high risks involved. They conclude by discussing the historical origins of short selling and its impact on financial crises.

Short selling involves betting against a stock and profiting from its decline in value.

IN THIS EPISODE:

The mechanics of short selling include opening a brokerage account, borrowing stocks, and monitoring account equity.

Short selling can be profitable, but it also carries risks and can backfire, as seen in the GameStop short squeeze.

Movies like 'The Big Short' and 'Casino Royale' provide examples of short selling in different contexts. Short squeezing involves betting against a stock and profiting from its increase in value, often driven by investor behavior.

Short selling is a risky and complex practice that can have significant consequences for both short sellers and the companies involved.

Activist investors play a role in short squeezes by buying stakes in companies and attempting to change their direction or value.

Short selling has a long history, dating back to the 17th century, and has been associated with financial crises throughout history.

While short squeezing can be exciting, it is important to understand the risks and complexities involved before getting involved in such practices.

Chapters

00:00 Introduction and Haircut News

03:12 Discussion on Summer Weather

06:48 Introduction to Short Selling and 'The Big Short'

10:08 Short Selling in 'Casino Royale'

15:18 Mechanics of Short Selling

19:10 Short Selling Strategies and Risks

21:47 GameStop Short Squeeze

25:58 Understanding Short Selling and Short Squeezes

28:30 The Fundamentals of Stock Behavior

31:51 The Mechanics of a Short Squeeze

39:14 The Role of Company Success in Short Squeezes

47:20 The Historical Origins of Short Selling

In this episode, Nick and Chris dive into the new phenomenon known as quiet quitting and laying flat.  Connect with us: Website: https://www.gametheorypod.com Game Theory on Facebook: https://www.facebook.com/gametheorypod Game Theory on Twitter: @GameTheoryPod https://twitter.com/GameTheoryPod Nick on Twitter: @tribnic https://twitter.com/tribnic Chris on Twitter: @ChrisAndrews315 https://twitter.com/ChrisAndrews315

In this episode, the hosts discuss various philosophical razors, which are principles used to evaluate and simplify explanations and claims. They cover razors such as Alder's Razor, Einstein's Razor, Grice's Razor, Hume's Guillotine, Hitchens' Razor, Occam's Razor, Popper's Falsifiability, and Sagan's Standard.

Each razor provides a different perspective on how to approach and evaluate ideas and theories. The hosts also share personal anecdotes and examples to illustrate the concepts discussed. This conversation explores the relationship between science and philosophy, highlighting the limitations of scientific knowledge and the importance of philosophical inquiry.

The discussion begins with the extraordinary claim of zebras in Prince George's County and the discovery of Homo Naledi in South Africa. It then delves into Newton's Flaming Laser Sword and the criticism of philosophy, emphasizing the need for a broader discussion that includes both science and philosophy. The conversation concludes by examining the danger of scientism and the search for validation in the search for truth.

Takeaways:

Philosophical razors are principles used to evaluate and simplify explanations and claims.

Each razor provides a different perspective on how to approach and evaluate ideas and theories.

Some well-known razors include Alder's Razor, Einstein's Razor, Grice's Razor, Hume's Guillotine, Hitchens' Razor, Occam's Razor, Popper's Falsifiability, and Sagan's Standard.

These razors can help in critical thinking and decision-making processes. Scientific knowledge has limitations and cannot answer all questions about the world.

Philosophical inquiry is essential for exploring topics that science cannot address.

The intersection of science and philosophy can lead to a more comprehensive understanding of the world.

The search for validation and in-group acceptance often influences people's beliefs and opinions.

Chapters

00:00 Introduction and New Year's Resolutions

06:00 Philosophical Razors: Alder's Razor and Einstein's Razor

09:49 Philosophical Razors: Grice's Razor

12:01 Philosophical Razors: Hume's Guillotine

17:27 Philosophical Razors: Hitchens' Razor

21:21 Philosophical Razors: Occam's Razor

27:23 Philosophical Razors: Popper's Falsifiability

29:43 Philosophical Razors: Sagan's Standard

35:13 The Extraordinary Claim of Zebras in Prince George's County

36:32 The Discovery of Homo Naledi in South Africa

42:32 Newton's Flaming Laser Sword and the Criticism of Philosophy

47:46 The Limitations of Science and the Importance of Philosophy

56:53 The Intersection of Science and Philosophy

01:02:07 The Danger of Scientism and the Need for a Broader Discussion

01:09:00 The Search for Validation and the Role of Science and Philosophy

In this episode, the hosts discuss various Christmas topics, including the mathematics of Christmas and the existence of Santa Claus.

They also talk about their upcoming episodes and milestones. The conversation delves into the philosophical and mathematical proof of Santa Claus, drawing parallels to Descartes' philosophical arguments.

The hosts explore undecidable statements in mathematics and the paradoxes they present.

Finally, they discuss the game theory of gift giving and the concept of reciprocity. The conversation explores the commercialization of Christmas and the impact it has on gift-giving. It delves into the concept of Nash equilibrium and how it relates to gift-giving strategies.

The discussion also touches on the burden of unwanted gifts and the dilemma of giving books as presents.

Additionally, the popularity and influence of the Narnia series are discussed. The conversation concludes with a recommendation to choose fun and affordable gifts.

Takeaways

The mathematical proof of Santa Claus is based on philosophical arguments similar to Descartes' reasoning.

Undecidable statements in mathematics demonstrate that there are some things that cannot be proven true or false.

Gift giving involves more than just economic exchange; the joy and sentiment behind the gift are important factors.

The game theory of gift giving considers factors such as reciprocity and the value of the gift.

The hosts discuss upcoming episodes and milestones, including their 100th episode. The commercialization of Christmas has led to a focus on materialistic gift-giving.

Nash equilibrium suggests that the goal of gift-giving is to receive the most, leading some to adopt a Scrooge-like approach.

Competitive gift-giving can create an upward spiral of reciprocity, resulting in extravagant and sometimes burdensome presents.

Strategies for successful gift-giving include focusing on volume over money and choosing gifts that align with the recipient's interests.

Unwanted gifts can be a burden and may end up unused or discarded.

Giving books as gifts can be challenging, especially when the recipient already has multiple copies.

The Narnia series by CS Lewis has gained popularity among various demographics and is considered a classic in fantasy literature.

Choosing fun and affordable gifts from stores like Hot Topic and FYE can make gift-giving enjoyable and budget-friendly.

Chapters

00:00 Introduction and Change in Schedule

01:25 Christmas Topics and the Existence of Santa Claus

04:03 Upcoming Episodes and Milestones

08:46 Descartes and the Mathematical Proof of Santa Claus

15:21 Undecidable Statements in Mathematics

19:37 The Game Theory of Gift Giving

33:20 The Commercialization of Christmas

35:59 Nash Equilibrium and Gift Giving

36:27 Reciprocity and Competitive Gift Giving

39:44 Strategies for Gift Giving

41:26 The Burden of Unwanted Gifts

43:12 The Dilemma of Book Gifts

46:11 The Popularity and Influence of Narnia

47:36 Choosing Fun and Affordable Gifts

They also discuss the importance of a customized Christmas tree.

Personalize your Christmas tree with homemade ornaments and unique decorations.

Consider the size and shape of your tree when choosing baubles.

Use an online calculator to determine the number of baubles and lights needed.

Embrace the whimsical and fun aspects of tree decoration.

In this episode, the hosts discuss conspiracy theories and hoaxes. They explore the factors that contribute to the lifespan of a hoax and the challenges of debunking conspiracy theories.

They also highlight the importance of distinguishing between harmless conspiracy theories and those that can have real-world consequences. The hosts mention examples such as the Bohemian Grove conspiracy and the Tuskegee Syphilis Experiment to illustrate the impact of conspiracy theories on society.

This conversation explores the motives behind conspiracy theories and the duration of their existence. It also distinguishes between hoaxes and conspiracy theories. The conversation highlights the danger of certain conspiracy theories and delves into popular examples throughout history.

___________________________________________________________

Takeaways:

Conspiracy theories and hoaxes can have varying lifespans depending on factors such as the number of people involved and the level of secrecy required.

Not all conspiracy theories are equal, and some can have real-world consequences.

Misinformation and disinformation can make it difficult to distinguish between true conspiracies and baseless claims.

It is important to critically evaluate conspiracy theories and consider the evidence before accepting or spreading them.

Understanding the motivations behind conspiracy theories can help debunk false claims and prevent their harmful effects. Conspiracy theories often arise from people's motivations and the benefits they perceive from the alleged conspiracy.

Conspiracy theories have existed throughout history and are often fueled by societal crisis situations.

Hoaxes are purposeful deceptions, while conspiracy theories are beliefs that people want to be true.

Certain conspiracy theories can be dangerous and have real-world consequences.

Conspiracy theories can persist despite evidence to the contrary, but their duration is limited.

Popular conspiracy theories include the Denver International Airport as the headquarters of the New World Order and the belief that North Korea is a paradise.

___________________________________________________________

Chapters:

00:00 Introduction and Food Discussion

04:38 Conspiracy Theories and Hoaxes

11:23 The Viability of Conspiratorial Beliefs

16:11 Factors Influencing the Lifespan of Hoaxes

29:42 The Bohemian Grove Conspiracy

34:02 Different Types of Conspiracy Theories

36:04 Motives behind Conspiracy Theories

39:17 Conspiracy Theories Throughout History

42:08 Hoaxes vs Conspiracy Theories

46:04 Dangerous Conspiracy Theories

52:24 Duration of Conspiracy Theories

57:52 Popular Conspiracy Theories

In this episode, the boys discuss rank choice voting, an alternative to the normal elections in the US.

In this episode, the boys discuss Marchetti's Constant and why it always takes about an hour (round-trip) to get to work.

In this episode the boys talk about the Weber Fechner Law and how our brains are logarithmic.. Googliography: Weber-Fechner Law: https://en.wikipedia.org/wiki/Weber%E2%80%93Fechner_law Best Subreddit Ever? https://www.reddit.com/r/IsItBullshit/comments/x09sx8/isitbullshit_humans_can_smell_water_better_than/

In this episode, the boys talk about the recent drama between TikTok food reviewer Keith Lee and various restaurants in Atlanta including The Real Milk and Honey and The Atlanta Breakfast Club. ____________________________ Watch the show on YouTube: ___________________________ Googliography: Real Milk and Honey Apology: https://www.axios.com/local/atlanta/2023/10/31/atlanta-restaurant-keith-lee-tiktok-review Keith Lee on TikTok: https://www.tiktok.com/@keith_lee125?lang=en "Dave Portnoy's Pizze Mafia": https://slate.com/human-interest/2023/07/dave-portnoy-pizza-one-bite-reviews.html

In this episode the boys break down the differences between inductive reasoning and deductive reasoning and why it matters.

In this episode, the boys get into something called the Diderot Effect. Googliography: TBD

We're back. Sorry - We y'all too.

In this episode, the boys talk about the Delta Sky Miles mess and how Starbucks Stars have evolved to a $2 billion source of revenue.

In this episode, the guys break down how ideas can spread out of control. Googliography: Social contagion: https://en.wikipedia.org/wiki/Social_contagion Nudge Theory: https://en.wikipedia.org/wiki/Nudge_theory 'TikTok Tics: A Pandemic Within a Pandemic': https://movementdisorders.onlinelibrary.wiley.com/doi/10.1002/mdc3.13316

In this episode, the boys look into all aspects of the pink tax -- what it means, how it happened, and what we can do about it.

In this episode, the guys break down Benford's Law -- what it is, what it means, and what we can learn from the world around us.

Check out the scientific american story here:

https://www.scientificamerican.com/article/what-is-benfords-law-why-this-unexpected-pattern-of-numbers-is-everywhere/

In this episode, the boys talk about the so-called Vibe-session and what it means for our biases in the American economy.

In this episode, the boys talk about how scientists may have known for years now that ice cream may be good for you. _____________________________________________ Googliography:

In this episode, the boys talk about the great American tipping wars _____________________________________________ Connect with the show: Reddit: https://www.reddit.com/r/gametheorypod/comments/w35b8d/welcome_to_rgametheorypod/ Website: https://www.gametheorypod.com Game Theory on Facebook: https://www.facebook.com/gametheorypod Game Theory on Twitter: @GameTheoryPod https://twitter.com/GameTheoryPod https://twitter.com/tribnic Chris on Twitter: @ChrisAndrews315 https://twitter.com/ChrisAndrews315 _____________________________________________ Googliography: https://www.foodandwine.com/coffee/baristas-reveal-how-they-feel-when-you-dont-tip https://www.foodandwine.com/fwpro/what-we-wish-restaurant-guests-knew-about-tipping https://www.theverge.com/2017/6/20/15840818/uber-tipping-option-app-seattle-minneapolis-houston (Uber adds tipping) https://daily.jstor.org/why-do-people-tip/ Chicago's fight over tipping ($$ WSJ) https://www.wsj.com/business/hospitality/americas-fight-over-tipping-at-restaurants-comes-to-its-biggest-battleground-yet-13cd80a6