How to be Successful! The Role of Risk-taking: A Simulation Study


When you ask successful people for their advice on how to become successful you will often hear that you have to take risks, often huge risks.

In this post we will examine whether this is good advice with a simple multi-agent simulation, so read on!
Continue reading “How to be Successful! The Role of Risk-taking: A Simulation Study”

R Coding Challenge: How many Lockers are Open?


The German news magazine DER SPIEGEL has a regular puzzle section in its online version, called “R├Ątsel der Woche” (“Riddle of the Week”). Some of those puzzles are quite interesting but I am often too lazy to solve them analytically.

So I often kill two birds with one stone: having fun solving the puzzle with R and creating some new teaching material for my R classes! This is what we will do with one of those more interesting riddles, which is quite hard to solve analytically but relatively easy to solve with R, so read on!
Continue reading “R Coding Challenge: How many Lockers are Open?”