Game theory is a topic of study in economics that focuses on the behavior of individuals (or organizations) in strategic situations wherein the success of one individual is contingent on the actions taken by another individual. In its purist form, game theory is based on mathematics. Game theory was pioneered by John von Neumann and [...]

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The Fasig-Tipton yearling sale in Saratoga Springs, New York, was once the premier Thoroughbred auction in the United States and arguably in the world. Man o’ War is its most famous graduate. However, during World War II, in 1943, the federal government restricted rail transportation and Kentucky breeders sold their yearlings at a Fasig-Tipton sale [...]

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“Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it. “– Mark Twain Kentuckians are famous for their feuds. The current imbroglio over the pros and cons of legalizing slot machines at racetracks is a doozy. Yet all of the vitriol and finger [...]

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