GAME THEORY: The Pinnacle of Decision Making

Game theory, despite its innate complexity, constitutes an incredibly powerful body of knowledge that can allow a person to be more effectual when it comes to decision making.

Life oftentimes feels like a game.

And, usually, the winners are the ones who know how to play.

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[deryasefer]

"When you strip away the genre differences and the technological complexities, all games share four defining traits: a goal, rules, a feedback system, and voluntary participation."

Jane McGonigal

[cottondai]

This is the best explanation of game theory I am ever come across. This concept of visual essay is great. Thank you for breaking this complex concepts. I enjoyed as much as you enjoyed making it. :)

[planksip]

Great to see this type of content and intellect on the internet. The video was well done. I will return. :)

[jasonluong]

It is a self-inflicting tragedy that game theory is not formally taught in schools. We focus so much on the technicals, on the rote memorization, on passing standardized tests, that we no longer see the forest from the trees. Or in this case, the soil itself that is the foundation of the trees and ultimately the forest. In other words, we force students to memorize facts when we should be teaching them how to think rationally in a structured and formal way. Our current payoff strategy is a zero-sum game where if you are not at the top of your class, you are at the the bottom and be ridiculed as failures. There are no bad students, just bad teachers. By bad teachers, I include the education system in general. In a way, it’s a trickle down system. When the boss behave badly and the subordinates are helpless to change the boss because the boss of the boss is also behave badly, the structure breaks down the good teachers, making the good ones leave. This creates a vacuum where the bad ones thrive, resulting in organizational infighting. Bad teachers then trickle down to the last strata which is the students.

[Luckynick]

I’m a simple guy. I see Machiavelli. I click.

[sakurakireina]

You also have "mystery" voice, so fit for this type of video content.

[AwokenEntertainment]

Every move in life is like a game of chess, and it's important to always stay a step ahead ♟️💯

[tonytiger]

Very well done. I was also very impressed by your presentation on Machiavelli.
I am a researcher in the areas of ethics, political and societal responses to the concept and reality of homelessness.
Rarely do I find such clear, concise and meaning ‘full’ presentations.
Keep up the good work and happy new year 🥂!

[AramDovlatyan]

At 5:45, In the prisoner's dilemma the only nash equilibrium is for both to Betray, not for both to cooperate/stay silent, at least in this 1 time period run of the game. A nash equilibrium by definition is each players best response given the other player's strategy. In the point where both cooperate, cooperating is not the best response to the other person cooperating, one can choose to betray and get a better payoff given the other person is cooperating/stay silent. The reason a nash equilibrium is a equilibrium is that because no other action given the other persons action can produce a better payoff, at the outcome where Both betray, neither of them can change their strategy to Stay silent and get a better payoff, therefore it is a nash equilibrium.

[tytnqit]

The concept of Nash equilibrium is a good follow-up to this video. When each player has nothing to gain by changing their strategy, we have reached equilibrium. This concept helps us examine in further detail, why a prisoner might defect against a fellow prisoner.

[angeloskoulas]

edit: I have now noticed your remastered video. Cheers!
5:43 In the Prisoners' Dilemma both players staying silent is not the Nash Equilibrium. Both betraying each other is a Nash Equilibrium. Definition of Nash Equilibrium. A result of the game in which no player has an incentive to change her strategy while the other player keeps her strategy the same is a Nash Equilibrium. If both players stay silent then prisoner A would like to change his strategy (betray) since that means he would get 0 years in prison, instead of 1. The same holds for prisoner B as well. Thus (stay silent, stay silent) isn't a Nash Equilibrium.

[Fitysa]

I'm impressed, amazing and quality work everytime! Keep it up and a big thank you from Mexico!

[AConcernedCitizen]

Soldiers looking each other in the eyes: “What the fuck are we doing here”!
😆

[andrewhancock]

This is like an ad or a pamphlet. A teaser to learn about game theory.

[kalebroberts]

I'm impressed. VERY impressed. Usually, I don't make time for longer video's, but your blog has intrigued me for years now. This is an excellent start, and I'm very much looking foward to many more in the future!

[EmmanuelKamau]

I’m very happy YouTube suggested me your videos! My Audible book for this month is “The Art of Seduction” by Robert Greene and while doing some research on how my interactions differ with other people YouTube suggested your content, please keep making more!

[glasscaneon]

But hey, that's just a theory... A GAME THEORY!!!

[xQuez]

bro this was a fantastic video! i can tell you put a lot of love into it. "life oftentimes feels like a game. and usually, the winners are the ones who know how to play." brilliant!!!!

[spakess.e.e]

Life's dominant strategy? Knowledge and intelligence. Knowledge empowers the experience, the more you know the more you do & see. Intelligence empowers your awareness. You are more intelligent the more sensitive you are to knowledge. Work on these in every situation and you'll never lose.

[Sneakyne]

Greetings, Nash equilibrium for this game is actually for the prisoners to each choose to betray. The idea here is that the player is choosing their best move in response to the other player's best move.