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Game Theory Explained in One Minute
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You can't be good at economics if you aren't capable of putting yourself in the position of other people and seeing things from their perspective, you just can't.
Game theory helps you do just that.
Whenever you're involved in situations in which the outcome depends not only on your actions but on the actions of other participants as well, game theory is all about helping you figure out what the best approach is based on what the other (presumed to be rational) actors are more likely to do.
Please like, comment and subscribe if you've enjoyed the video.
Oh and I've also started playing around with Patreon, my link is:
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Last but not least, if you'd like to follow me on social media, use one of the links below:
Game theory helps you do just that.
Whenever you're involved in situations in which the outcome depends not only on your actions but on the actions of other participants as well, game theory is all about helping you figure out what the best approach is based on what the other (presumed to be rational) actors are more likely to do.
Please like, comment and subscribe if you've enjoyed the video.
Oh and I've also started playing around with Patreon, my link is:
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Last but not least, if you'd like to follow me on social media, use one of the links below:
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