In game theory, an outcome is a situation which results from a combination of player's strategies. Formally, a path through the game tree, or equivalently a terminal node of the game tree. A primary purpose of game theory is to determine the outcomes of games according to a solution concept (e.g. Nash equilibrium). In a game where chance or a random event is involved, the outcome is not known from only the set of strategies, but is only realized when the random event(s) are realized. A set of payoffs can be considered a set of N-tuples, where N is the number of players in the game, and the cardinality of the set is equal to the total number of possible outcomes when the strategies of the players are varied. The payoff set can thus be partially ordered, where the partial ordering comes from the value of each entry in the N-tuple. How players interact to allocate the payoffs among themselves is a fundamental aspect of economics. (Wikipedia).
1. Introduction: five first lessons
Game Theory (ECON 159) We introduce Game Theory by playing a game. We organize the game into players, their strategies, and their goals or payoffs; and we learn that we should decide what our goals are before we make choices. With some plausible payoffs, our game is a prisoners' dilemma.
From playlist Game Theory with Ben Polak
3 game theory tactics, explained
How to maximize wins and minimize losses, explained by four experts on game theory. Subscribe to Big Think on YouTube ► https://www.youtube.com/channel/UCvQECJukTDE2i6aCoMnS-Vg?sub_confirmation=1 Up next, Harvard negotiator explains how to argue ► https://youtu.be/IDj1OBG5Tpw Game theory
From playlist Get smarter, faster
Game theory (4), evolution and economics.
This video concludes by showing how the consideration of maximum fitness in biology has a direct analog with maximum fitness (i.e., profit or success) in economics. The best way of thinking about successful and high fitness strategies must always be done from the perspective of the individ
From playlist TAMU: Bio 312 - Evolution | CosmoLearning Biology
Jules Hedges - compositional game theory - part I
Compositional game theory is an approach to game theory that is designed to have better mathematical (loosely “algebraic” and “geometric”) properties, while also being intended as a practical setting for microeconomic modelling. It gives a graphical representation of games in which the flo
From playlist compositional game theory
Why Game Theory is Not About Competition
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Game Theory is supposed to show how businesses (and prisoners) can outdo each other to win out
From playlist Case Studies
John Wakeley: The evolution of cooperation in an iterated survival game
Abstract: A new type of a simple iterated game with natural biological motivation is introduced. Two individuals are chosen at random from a population. They must survive a certain number of steps. They start together, but if one of them dies the other one tries to survive on its own. The
From playlist Probability and Statistics
Ch9Pr6: Counting Dice Events and Probability
Compute the probability of an event as the number of outcomes in that event, divided by the total number of outcomes. This procedure assumes that the dice are fair (not guaranteed IRL). This is Chapter 9 Problem 6 from the MATH1231/1241 Algebra notes. Presented by A/Prof. Catherine Greenhi
From playlist Mathematics 1B (Algebra)
Game theory (1), prisoner's dilemma.
This video introduces game theory; an influential perspective used in both evolutionary biology and economics. The prisoner's dilemma model is described as well as the predictions it makes for optimal strategies when many interactions of this type are made.
From playlist TAMU: Bio 312 - Evolution | CosmoLearning Biology
5f Machine Learning: Non-cooperative Game Theory
A lecture on non-cooperative game theory including a basic introduction up to pure and mixed strategy Nash equilibrium and applications. I was motivated by the recent use of Shapley value from cooperative game theory for machine learning model explainability.
From playlist Machine Learning
International Relations 101 (#5): The Strategic World
http://gametheory101.com/courses/international-relations-101/ In international relations, states are strategically interdependent--how one state acts affects another, and how the other state acts affects the first. Game theory is the study of strategic interdependence, which is why we wil
From playlist William Spaniel: International Relations 101
Negotiations and Group Decisions: Passing Bills with Backroom Deals - M. Agranov - 4/25/2018
Group decisions often involve the allocation of scarce resources among members with conflicting interests. Negotiations are part and parcel of such decisions, as they create a natural arena for informal agreements and quid pro quo deals. Do these deals help or hurt the bargaining process?
From playlist Caltech Watson Lecture Series
MIT 6.042J Mathematics for Computer Science, Spring 2015 View the complete course: http://ocw.mit.edu/6-042JS15 Instructor: Albert R. Meyer License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 6.042J Mathematics for Computer Science, Spring 2015
Game Theory: Winning the Game of Life
Game Theory: Winning the Game of Life - Game Theory Explained Sign up and start learning today for FREE: https://brilliant.org/aperture Follow me!: https://www.instagram.com/mcewen/ Game Theory is an interesting subject. It has implications on all of our lives, and it's not something that
From playlist Philosophy & Psychology 🧠
Samson Abramsky - The sheaf-theoretic structure of contextuality and non-locality
Talk at the school and conference “Toposes online” (24-30 June 2021): https://aroundtoposes.com/toposesonline/ Slides: https://aroundtoposes.com/wp-content/uploads/2021/07/AbramskySlidesToposesOnline.pdf Quantum mechanics implies a fundamentally non-classical picture of the physical worl
From playlist Toposes online
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lectures covers oligopoly, game theory, and the Courno
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
IMT4307 - Serious Games (Education)
Education background, Learning Styles, Paper discussion
From playlist Archive - Serious Games
Elias Koutsoupias: Game Theory 1/2 🎲 CERN
This lecture series will present the main directions of Algorithmic Game Theory, a new field that has emerged in the last two decades at the interface of Game Theory and Computer Science, because of the unprecedented growth in size, complexity, and impact of the Internet and the Web. These
From playlist CERN Academic Lectures
The Prisoners Dilemma - The Most Famous Problem in Game Theory
The Prisoner's Dilemma is the most famous problem in game theory, as it shows that individuals who make rational decisions might end up in an outcome that's worse for everyone in the group. In other words, individual rationality does not imply group rationality. Watch a higher quality ver
From playlist Game Theory
Nash Equilibriums // How to use Game Theory to render your opponents indifferent
Check out Brilliant ► https://brilliant.org/TreforBazett/ Join for free and the first 200 subscribers get 20% off an annual premium subscription. Thank you to Brilliant for sponsoring this playlist on Game Theory. Game Theory Playlist ► https://www.youtube.com/playlist?list=PLHXZ9OQGMqx
From playlist Game Theory