😎

thanks for fundamental knowledge sir, i respected so much. for zero excusses challenges, to make the ordinary people can struggle stronger move faster and hold longer they must projected theyself as the special person who have that criteria, can projected as king, knight, superhero leader etc, so when they reach maximum limits, they have more power reserve to reach higher stages because the paradigma he projected as 'leader' must be and act stronger. maybe it can be useful variable, salam from indonesia.

I need this

you wrote than in place of then. sorry hehehe.

Is there any book about game theory????

this is honestly a better sentence than the 12 minute video imo

Good quote but the voluntary participation part is weird to me. If two siblings are forced to play a board game, it is still considered a game even though participation is mandatory.

@@LivinBilly Voluntary participation is essential. You can actually quit the game and just wait for entropy to log you out.

except in the game of life participation is not voluntary.

@@joemartin7451 Entry to the game of life might not be voluntary, but participation certainly is. However, you cannot refuse to participate in life without starting a different game simultaneously.

Pretty sure this video got very many information wrong

If you'd actually study game theory, you quickly realize this is nothing but some weird glorification of game theory, like its the holy grail of life.

so i assume you never heard of it before? its not only a bad explanation, its just wrong, you would be better forgetting everything you heard here

The other guys are right: it ain't good. I've studied it at a top university and I also work on Game Theory. This is a confused presentation made by a total novice.

“There are no bad students, just bad teachers.“ INCORRECT ASSUMPTION There are good teachers and good students. As well as bad teachers and bad students. If you use your belief as a rule of thumb in life, you’d be making bad decisions and assessments.

I wonder if Game Theory is richly represented in the public school system, just not in the way that the public would enjoy. Perhaps Game Theory is deliberately withheld from being taught in the public school system. Those who are competing against the public have a reward for encouraging the development of suboptimal competitors. There's an exclusive club, and we're not in it.

people want to think rednecks don't exist

Teachers don't exist. It the politicians that are educating the students with policy.

game theory was taught in my first year of economics class idk about you

Except unlike chess, life is not a finite game of perfect information. So it’s really not like chess.

Well thats your view, I have another, but yours is just as valid

What sucks is when you don't want to play but you're the only one.

​@@patinho5589 Life IS a finite game though and chess also doesn't have perfect information (since I don't know what moves my opponent will make), so it's a good enough analogy for me! 👍

With no redos

me too I see a Machiavelli and I push the trigger right away...

Machiavelli best political philosophy for real

@@angeloskoulas3988 I was thinking exactly the same thing. So I looked at the comments to see if someone else had noticed the flaw. Great 👍🏾

😎

Sounds as greek accent.

Pretty sure this video got very many information wrong

I got d reference 😁

well done

The table is wrong anyway. It says they score 1,1 if they both stay silent, or 2,2 if they both betray. It should be the other way round.

In live human experiments at least 20% of the time both parties co-operate. We are more emotional than rational and many want to believe.

True but a pure nash equilibrium is also the point in which no player would deviate from their strategy, he's correct. If B chooses betray, A would prefer to stay silent as 3>2, if A chooses to betray player 2 would prefer stay silent as 3>2. But if B chooses to stay silent A would choose to stay silent as 1>0 and if A chooses to stay silent B would also choose to stay silent as 1>0. Therefore neither player would deviate. Both players betraying is not a nash equilibrium as its not either players best response based on the numerical representations of the preferences as given.

@@davidknipe4113 The table presented at 3:45 correctly depicts the terms of imprisonment according to the rules of the game as presented at 3:35, David. Note that the numbers in the matrix (table) do not represent a "score." Instead, they indicate the term of imprisonment for each player, respectively, depending on the choice each makes INDEPENDENTLY (i.e. without knowing the choice made by the other). According to the rules presented, each prisoner serves 1-year in prison if EACH chooses INDEPENDENTLY to remain silent ["1,1"]; OR each prisoner serves 2-years in prison if EACH chooses INDEPENDENTLY to betray the other [2,2]). This is accurately explained between 3:35 and 3:45 in the video. What IS wrong (or at least misleading) in the video, however, is how the author IMPLIES -- both verbally and in the video animation -- that prisoner "B" WAITS for prisoner "A" to betray him, and then prisoner "B" SUBSEQUENTLY betrays prisoner "A," so as to mitigate his own sentence (i.e. reduce his own prison sentence from 3-years to 2-years). This is in violation of rule #2 of the game, which states that the players cannot communicate with each other (each player must make his decision INDEPENDENTLY of the other, and the decision of each player is not revealed [to the other] and final adjudication not pronounced until BOTH players have submitted their irrevocable decisions).

@@infiniteeye9155 Yes, you're right on the first point. I thought it was the "score" (number of remaining years of freedom) but it does say it's the number of years in prison. (I'll not reply to the rest, because it's not related to anything I've said.)

Agreed!

check the remastered version

@Metamorphosis 77 it’s great. Thanks.

Pretty sure this video got very many information wrong

Love it ! Thanks for sharing !

Love it ! Thanks for sharing !

Any update?

Robert Greene is a communist

That will come with time. :)

John Nash received a prize for it though.. 🤷 Even has a movie about him: A Beautiful Mind

Lol hell yeah! I was like Matt patt?! O wait a video on actual game theory haha

In math, a theory is not just an unproven idea or hypothesis. It's more like a law in other sciences.

what if new actors come and you aren't in charge of accepting them in previously your own game ...

I don't have time now to produce more content. But I will do so in the future. I know that this channel has a lot of potential. Thanks for the support. :)

Ew, Jordan Peterson is a quack, but I agree a deeper dive would be wonderful

David Knipe the conditions would need to be of perfection to produce equilibrium

@@godswill2260 What do you mean when you say "perfection"?

a game theory

A fooooood theory!!!

It is sad how this doesn’t have more likes

Best comment by far

@@tylerblackstonne cry

Thank you Neha for this amazing comment. :) :)

:) :)

How is it that Game Theory is used in Psychology?

Use the updated version

Thank you for all the comments and the insight. All very accurate!

Correct. The expected utility of betrayal is a one year prison sentence :(0 + 2)/2. The expected utility of staying silent is a two years prison sentence: (1+3)/2 Since we have no influence on the decision of the other prisoner, we have to calculate the expected utility based only on our own decision. As prisoner A we have to add the pay-offs in each row in the pay-off matrix and divide it by the number of possible options that are not under our control. We can only choose between the two rows, the columns are not subject to our decision. Cooperation would only make sense, if both prisoners can communicate and come to an agreement, which was explicitly stated as not possible.

check remastered version

Yes, that's accurate.

thank you. check also the remastered version of the video through the link in the description

I will look into it. That's a very old video though. Check more recent ones.

@@metamorphosis_77 Oh, my bad I didn't check the date. And thank you for being humble about it. I will def check out more of your content, because I really liked how you presented this one. I just can't consentrate through mouth/spit noises. People probably think I am weird, but there's a lot of people like me out there.