Introduction to Game Theory Video Tutorial
Introduction to Game Theory: 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. We learn that we should never choose a dominated strategy; but that rational play by rational players can lead to bad outcomes. We discuss some prisoners’ dilemmas in the real world and some possible real-world remedies. With other plausible payoffs, our game is a coordination problem and has very different outcomes: so different payoffs matter. We often need to think, not only about our own payoffs, but also others’ payoffs. We should put ourselves in others’ shoes and try to predict what they will do. This is the essence of strategic thinking.
Please click on the Like button if you liked this video.
Introduction to Game Theory - Video Lessons, Tutorials, Ebooks
At SchoolTrainer.com, get access to free study material for Economics in the form of video lessons, tutorials and downloadable ebooks. Not only that; you can get Free Homework Help to get solutions to Economics problems you're stuck with.
We also bring to you interesting stuff like text-books and CD's recommended by teachers and other students that you can buy from trusted online stores to get an extra edge to do well in Economics and other subjects.
Need help with Economics? Get an online Economics tutor to help you with and other areas of .
Register for our online Economics tutoring program to get homework help, help with test preparation and learn from experts to perform well in academics. SchoolTrainer specializes in tutoring for Economics. Our highly qualified Economics tutors can help you with Introduction to Game Theory, other Economics homework problems, test preparation and clarification of concepts.
More Free Study Material
- Algebra 1 Study Material
- Arithmetic Study Material
- Biology (College/University Lectures)
- Biology Study Material
- Calculus Study Material
- Chemistry (College/University Lectures)
- Chemistry Study Material
- Computer Science (College/University Lectures)
- Computer Science Study Material
- Cosmology and Astronomy(College/University Lectures)
- Cryptography
- Developmental Math
- Developmental Math 2 Study Material
- Differential Equations Study Material
- Economics (College/University Lectures) – 2
- Geometry Study Material
- HealthCare and Medicine(College/University lectures)
- History Study Material
- Interest and Debt
- Linear Algebra Study Material
- MIT+K12(College University Lectures)
- Organic Chemistry Study Material
- Physics (College/University Lectures)
- Physics Study Material
- Pre Algebra Study Material
- Pre Calculus Study Material
- Probability Study Material
- Statistics Study Material
- Trigonometry Study Material