Game Theory is an interesting subject. It has implications on all of our lives, and it’s not something that’s blatantly obvious all the time. It’s the science of strategy, and it’s pretty cool.… Read the rest
With up to ten years in prison at stake, will Wanda rat Fred out? Game theory is looking at human interactions through the lens of mathematics. … Read the rest
Game Theory is the study of strategic decision making.
Game Theory is a core principle of blockchain systems. If you’ve wondered how every individual Bitcoin node works together, Game Theory is your answer.
Game Theory incentivizes people who don’t know … Read the rest
This video goes over the strategies and rules of thumb to help figure out where the Nash equilibrium will occur in a 2×2 payoff matrix. Generally you need to figure out what the dominant strategy is for each player and … Read the rest
NETWORK GAME THEORY
In continuing on with our discussion on evolutionary game theory, in this video we will discuss network games.
The workings of evolution are typically told as a story of competition and the classical conception of the survival … Read the rest
The Replicator equation is the first and most important game dynamic studied in connection with evolutionary game theory. The replicator equation and other deterministic game dynamics have become essential tools over the past 40 years in applying … Read the rest
John Nash, the US mathematician who has died at 86, is hailed with putting game theory at the heart of economics. Ferdinando Giugliano explains why his work is so important and how the Nash equilibrium theory works.… Read the rest
As we saw in the previous chapter on evolutionary games, when everyone was playing a random strategy it was best to play a Tit for Tat strategy. When everyone was playing a Tit for Tat strategy it was … Read the rest
EVOLUTIONARY GAME THEORY
Classical game theory was developed during the mid 20th century primarily for application in economics and political science. But in the 1970s a number of biologists started to recognize how similar the games being studied were to … Read the rest
Throughout this section of the course , we have been talking about cooperation and different aspects of the social dilemma. In this video, we will look at various approaches that have been identified for fostering the cooperation required … Read the rest