GAME THEORY: The Pinnacle of Decision Making
VloĆŸit
- Äas pĆidĂĄn 1. 11. 2017
- Game theory, despite its innate complexity, constitutes an incredibly powerful body of knowledge that can allow a person to be more effectual when it comes to decision making.
Life oftentimes feels like a game.
And, usually, the winners are the ones who know how to play.
đŽ You can find the REMASTERED version of the video here: âą Game Theory: The Pinna...
Ways to Support the Channel:
Check out my ebook: 30challenges30days.com
Buy me a coffee: www.buymeacoffee.com/metamorp...
Donate on Paypal: paypal.me/andrianiliopoulos
Donate âżitcoin: 345jY1BjcuPoVutB6tLAFW6z23aY8sCvNX
Social Media:
Instagram: / _metamorphosis_77
Twitter: / adrian_ilio
Facebook: / metamorphosis77official
TikTok: / metamorphosis_77
#gametheory
You can find the REMASTERED version of the video here: czcams.com/video/KHNnuqmRvAU/video.html
đ
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????
"When you strip away the genre differences and the technological complexities, all games share four defining traits: a goal, rules, a feedback system, and voluntary participation."
Jane McGonigal
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.
This is the best explanation of game theory I am ever come across. This concept of visual essay is great. Thank you for breaking this complex concepts. I enjoyed as much as you enjoyed making it. :)
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.
I'm impressed. VERY impressed. Usually, I don't make time for longer video's, but your blog has intrigued me for years now. This is an excellent start, and I'm very much looking foward to many more in the future!
It is a self-inflicting tragedy that game theory is not formally taught in schools. We focus so much on the technicals, on the rote memorization, on passing standardized tests, that we no longer see the forest from the trees. Or in this case, the soil itself that is the foundation of the trees and ultimately the forest. In other words, we force students to memorize facts when we should be teaching them how to think rationally in a structured and formal way. Our current payoff strategy is a zero-sum game where if you are not at the top of your class, you are at the the bottom and be ridiculed as failures. There are no bad students, just bad teachers. By bad teachers, I include the education system in general. In a way, itâs a trickle down system. When the boss behave badly and the subordinates are helpless to change the boss because the boss of the boss is also behave badly, the structure breaks down the good teachers, making the good ones leave. This creates a vacuum where the bad ones thrive, resulting in organizational infighting. Bad teachers then trickle down to the last strata which is the students.
âThere are no bad students, just bad teachers.â
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, youâd 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
Great to see this type of content and intellect on the internet. The video was well done. I will return. :)
đ
Sounds as greek accent.
Pretty sure this video got very many information wrong
Very well done. I was also very impressed by your presentation on Machiavelli.
I am a researcher in the areas of ethics, political and societal responses to the concept and reality of homelessness.
Rarely do I find such clear, concise and meaning âfullâ presentations.
Keep up the good work and happy new year đ„!
You also have "mystery" voice, so fit for this type of video content.
Thank you for all the thought-provoking video essays!
Glad you keep doing it... they keep getting better and better
Congratulations
I just found your channel and it is actually amazing. Keep up the good work
Glad you keep doing it... they keep getting better and better Congratulations. Thank you for all the thought-provoking video essays!.
I'm impressed, amazing and quality work everytime! Keep it up and a big thank you from Mexico!
Pretty sure this video got very many information wrong
So value in this podcast! You guys continually help me improve as a trainer and i very much appreciate it
Thank you. I've looked at so many videos that promised an explanation of game theory, and they all just showed game scenarios and solutions.
This is like an ad or a pamphlet. A teaser to learn about game theory.
your voice is calm and you articulate your thoughts really well.
Great video! Thank you for making the concept simple and easy to understand.
High quality work! Love the explanation đđœ
This was a great video and structured to impart knowledge with outmost clarity .
Damn. This is an informative video! Keep on making authentic videos man! I love it! :)
Fascinating video, well explained and well diagrammed. Thank you - job well done!
edit: I have now noticed your remastered video. Cheers!
5:43 In the Prisoners' Dilemma both players staying silent is not the Nash Equilibrium. Both betraying each other is a Nash Equilibrium. Definition of Nash Equilibrium. A result of the game in which no player has an incentive to change her strategy while the other player keeps her strategy the same is a Nash Equilibrium. If both players stay silent then prisoner A would like to change his strategy (betray) since that means he would get 0 years in prison, instead of 1. The same holds for prisoner B as well. Thus (stay silent, stay silent) isn't a Nash Equilibrium.
The concept of Nash equilibrium is a good follow-up to this video. When each player has nothing to gain by changing their strategy, we have reached equilibrium. This concept helps us examine in further detail, why a prisoner might defect against a fellow prisoner.
Every move in life is like a game of chess, and it's important to always stay a step ahead âïžđŻ
Except unlike chess, life is not a finite game of perfect information. So itâs 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.
â@@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! đ
With no redos
Keep up the great work!
Thank YOU!
I really enjoyed this, plus your bit at the end, many thanks :)
Awesome video. Great topic and excellent presentation. Subbed!
I absolutely love your videos, keep it up!
Iâm a simple guy. I see Machiavelli. I click.
me too
I see a Machiavelli and I push the trigger right away...
Machiavelli best political philosophy for real
Great video man - proud to see you moving into the YT realm! I enjoy video essays like this and I can already tell that you will pour quality into these projects. I suppose my only word of advice as a mere watcher is to find a consistent voice, look, icon, or some sort of âmemeâ that will always be associated with yourself. Youâve likely already considered this though and I look forward to seeing more content!
That will come with time. :)
keep going. You deserve way more than 1k subs.. its astounding to me. Youll find a large audience in no time because the content is great.
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. :)
Great presentation dude. Thanks for the video. Subscribed.
Well explained and blissful to watch đđœđđœ
Iâm very happy CZcams suggested me your videos! My Audible book for this month is âThe Art of Seductionâ by Robert Greene and while doing some research on how my interactions differ with other people CZcams suggested your content, please keep making more!
Any update?
Robert Greene is a communist
Very good video and visual , keep up the quality and thanks for the information.
At 5:45, In the prisoner's dilemma the only nash equilibrium is for both to Betray, not for both to cooperate/stay silent, at least in this 1 time period run of the game. A nash equilibrium by definition is each players best response given the other player's strategy. In the point where both cooperate, cooperating is not the best response to the other person cooperating, one can choose to betray and get a better payoff given the other person is cooperating/stay silent. The reason a nash equilibrium is a equilibrium is that because no other action given the other persons action can produce a better payoff, at the outcome where Both betray, neither of them can change their strategy to Stay silent and get a better payoff, therefore it is a nash equilibrium.
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.)
It's dope my dude. Great video
This is really enlightening. I have always been curious about philosophical stuff. After watching this video I visited your blog. They are really interesting and I would suggest all, to read your blog. Excellent piece of work. Spread the knowledge, Keep going and keep inspiring. Beautiful. :) :)
Thank you Neha for this amazing comment. :) :)
:) :)
one of the best videos about game theory on youtube
Great video, except thereâs an error on the Prisonerâs Dilemma explanation of the Nash equilibrium. A Nash equilibrium is where the decision taken is the best outcome regardless of the other players decision or if they changed their decision you would not be worse off.
The Nash equilibrium occurs when both players betray each other, since neither player can benefit by unilaterally changing their strategy. If one player stays silent while the other betrays, the betraying player gets a better outcome, and if both players stay silent, they both end up with a better outcome, but neither player can achieve a better outcome by changing their strategy if the other player keeps their strategy unchanged.
check the remastered version
@Metamorphosis 77 itâs great. Thanks.
bro this was a fantastic video! i can tell you put a lot of love into it. "life oftentimes feels like a game. and usually, the winners are the ones who know how to play." brilliant!!!!
But thats just a theory.. A GAAAAAAMMME THEORYYYYY
I got d reference đ
well done
Great video, I hope to see more in the future
great! looking forward to more!
Wonderful stuff, great video editing work.
Thank you very much! :)
Intriqued as I have never heard of game theory before. I look forward to exploring this subject. Thank you! This subject alone pointed me to your channel. I am now a new subscriber. đ€
thank you. check also the remastered version of the video through the link in the description
Nice introduction to game theory in 12 min - thanks mate đ
Very nice, love the style!
Impressed by the quality!
Liked the conclusion of the video, well said!
Great work. Just two small comments though: 1) One of the assumption of all games is that the number of players is "2 or greater than 2", not "greater than 2" (see 2:31). 2) A very important assumption of game theory is "perfect information", which you have missed on the assumption list (see 2:47). This assumption greatly limits the usefulness of game theory in the real world because in many real-world situations, "perfect information" cannot be attained.
Greetings, Nash equilibrium for this game is actually for the prisoners to each choose to betray. The idea here is that the player is choosing their best move in response to the other player's best move.
Agreed!
Wow, Very well explained and articulated.
This is the Clearest Way of Depicting the Game theory. I am well versed thank you
Love this channel!
Thanks for the informative video.
I like the topical exploration into game theory. Although the short-form content is entertaining, I'd be interested to hear a deeper level, long-form with the topics that your exploring. Possibly interviews or a Jordan Peterson style rant/ discussion.
Great work. I like what you're up to.
Ew, Jordan Peterson is a quack, but I agree a deeper dive would be wonderful
Thank you. Great video
Awesome video man. In Psychology, we use a lot of Game Theory as well. I like your practical approach to it. Keep it up!
How is it that Game Theory is used in Psychology?
Wow! I always wanted to know what Game Theory was about. I took Finite Mathematics with Professor Mylnorski. He told us that there was not time allotted in the course to teach Game Theory and Markov Chains. I was disappointed. Thank you for sharing this enlightening video. I learned about Markov Chains a few months ago. I like that scene in Beautiful Mind.
Nice work, liked and subscribed with bells on
Best explanation, Game theory is not an easy one, it takes years and experience to master this as you have to understand your opponents ratio as its the most factor that will determine how to pursue other factors like their dominant strategy is placed
One of the best videos on CZcams that I have ever seen
I learn a lot, sir. Thanks.
really insightful video, thanks, I picked up the book from the father of game theory you mentioned. Cheers!
This is great im gonna try coming bacc to this.
It was a really good starting video. So in order for this to work, and before you even think about finding the nash equilibrium, there have to be more players that desire the same reward, right?
Yes, that's accurate.
this is so good !
Great video. Thanks.. you earned a subscriberâ€
welcome
Great explanation thank you.
But hey, that's just a theory... A GAME THEORY!!!
John Nash received a prize for it though.. đ€·
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.
Drived me crazy. Thank you đ€
I remember my lecturer teaching this in university and years passed and I forgot about it. I am putting it back in my arsenal like it never left.
That was very interesting thank you sir
Absolutely loved it!
Yeah! I loooooooooooooooooooooooooooove your work man! Keep them coming!
Brother incredible work
Cool. Thanks for sharing.
Fellow Greek here!
It spooks me up that I was pondering with the same questions before I saw your video. Not many ppl do that, they prefer sticking on a more narrow set of beliefs which provides them an "ignorant bliss". Makes me glad to see more like minded people. It may be a good symptom for society.
Great content keep it up!!
what if new actors come and you aren't in charge of accepting them in previously your own game ...
Setting priorities and following through to achieve your goals keep you a step higher in life.
Great video. I subbed đ
What a great video, man!!!
Loved it!
Many people don't realize this but there is a popular trend that surfaced several years ago that is a metaphysical metaphor for the complex notion of what life, love, and power stand for and how we as individuals in pursuit of victories in our life both big and small will surely end up dissatisfied in the pursuit of such shallow endeavors. Players oftentimes will recite this mantra to their close companions to remind them "I lost the game"
Glad I found this channel
Work of beauty!
Excellent!!!!
5:51: "Nash's theory of equilibrium ... presupposes that in each game there is at least one point of equilibrium." No, it doesn't _presuppose_ the existence of an equilibrium. It _guarantees_ the existence of an equilibrium. (Under certain conditions... I don't know what the conditions are.)
David Knipe the conditions would need to be of perfection to produce equilibrium
@@godswill2260 What do you mean when you say "perfection"?
Thanks!
The bottom line in any situation involving multiple parties is every one can walk a way without further repercussions.
Very interesting video. Good job!
Thanks! :)
Bro, I'm going to user this video for a research trigger, like reference.
Use the updated version
GREAT.Thanks.
Fantastic content.
Very nicely explained game theory how it work in our life
Thank you
Best story please help us with other theorist too....great deal to watch...superlyk
Awesome stuff. How long did it take you to make this video.
Since it was my first video, and I had no experience in video editing, it took me a few days. However, I had the script ready from my essay and I believe this is the most difficult part; creating a great script that will lead to a well-articulated narrative.
I think It would be amazing to play a game related to how Game Theory is. I think I would very much learn from it, super interesting.