Game Theory: The Pinnacle of Decision Making (REMASTERED)
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- čas přidán 6. 09. 2021
- 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.
This is a 2021 re-edit of a game theory video that I posted back in 2019 ( • GAME THEORY: The Pinna... ).
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Transcript: bit.ly/2z7eNT4
Original video: • GAME THEORY: The Pinna...
#gametheory - Krátké a kreslené filmy
Life oftentimes feels like a game.
And we make the game better, by learning how to play.
@@barnettpesin99 Will do.
Bro, more than Game theory, the Belief/Trust/Knowingness that a fully win-win solution exists, in Any possible situation, is the most powerful metaphysical perspective to adopt - because your Trust/Knowingness will help reveal that paralel version of the Universe much faster, and from that perspective/knowingness, the Universe has no choice but to attract you in that parallel version of reality where that win-win solution does exist ;)
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😮
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Great video. Really liked the way you explained such an important concept.
Thanks for making this one.
this channel is so underrated. I wonder why, the explanations are brilliant and on point.
Thanks for remastering the video
Really interesting and great explanation. Thank you. I knew the term game theory and nothing else so I learned something here today.
Ty for the remastered good job
Very good choose of topic. Thank you
I think this is a great video on game theory generally! Game theory also has a lot of different types of games and Nash equilibriums, and there are a lot of videos on CZcams that go into those specific types. For example, there are versions where people’s beliefs about the actions of others affect the result, as well as games where players do not have full Information about the actions of others but still must create a best response strategy that you can solve for!
Excellent video.
I do agree that cooperation is the best possible outcome in game theory but we have to remember that only distrust exists among society and we cannot trust each other therefore it will always be the betrayal which is beneficial (in prisoner’s dilemma if you betray you have chances of getting 0 yrs in prison if the other one stays silent but if he doesn’t and you do stay silent you get 3 yrs in prison, we also have to remember that for the cooperation scenario to come true the other guy has to choose silence therefore if you choose betrayal it will help in either case as if the other guys tries to stay silence we win and if they don’t we still end up at a stalemate as we prevented the enemy’s attack.
Great video, thank you
one day this channel will blow up
The 'theory' gets more interesting when you assume people can act rationally or irrationally; sometimes it is better to act irrationally. Sounds odd, but the rational thing to do is to act irrational.
Mr Paradox over here😄
On a serious note...I like your point there.
To put an alternative spin on the common phrase, regarding 'perfection', I understand your statement to be...
True rationality has to be irrational.
Edit-- Is what you are stating there, called 'psychological game theory'...or have I mashed my melon with this philosophical rabbit hole lol?
@@brickbilly7019 no, it is mr pyropulse
Great video, and interesting topic. Do you have any book recommendations for someone wanting to learn more about game theory? Preferably easily digestible.
Very difficult to find a book that explains it simply. I think a good read related to the topic is "The Evolution of Cooperation."
Hi
The Quintessential Mind,
I've been enjoying your videos, i just want to point out that the example given in the movie may actually be a correct Nash Equilibrium because:
1 Nash equilibrium is about avoiding the worst possible outcome. In this case, the worst possible outome is for each player to get no pu$$y
(Just like in prisonners dilema you have to confess just to avoid the worst outcome of 3 years in jail instead of 2 or having the chance of 0 years)
2 The blonde in this case being the most attractive to them is high risk and high reward
3 Choosing the blonde may lead to a worst possible no pu$$y outcome
4 Choosing either one of the other girls avoids that outcome, hence you at least almost secure pu$$y
The moral of the story is: some pu$$y is better than no pu$$y
Just lower your expectations a bit and you avoid a worst possible scenario or at least a bad one.
At least thats how i see it so far but i may be wrong.
Regards.
I thought the same in the beginning, but then I read this: www.linkedin.com/pulse/why-nash-equilibrium-example-beautiful-mind-incorrect-carlos/
You are thinking of Pareto efficiency/optimality, not Nash Equilibrium
Expand the dynamics of that, by slapping in some deeper psychological aspects of game theory, and you've got yourself a 3-day headache lol.
What if blonde is really very ugly🤣🤣🤣🤣
Do you believe that Machiavelli used game theory approach specific or generally in his writings ? And his sentiment that to be successful one must “change “ with the circumstances?
Which background music is this ? 10:43
The rule of game, prisoner's dilemma says that the players can't communicate with each other and wherein, the main principles of game theory, it is stated that players need to interact with each other. Both the statements, former and later appears to be in contradiction with each other. If not, what's the rationale behind it?
According to Investopedia, game theory is the process of modeling the strategic interaction between two or more players in a situation containing set rules and outcomes. So the interaction stated refers to any interaction the players are part of (in that case the interaction is that they either need to betray or stay silent). The fact that they can't communicate is just a rule of the specific game.
Not being able to communicate is the reason they end up taking the worst decision for both of them. Thats why in real life its important to communicate. that's the lesson the principle is teaching us.
@@yanggang6985 Do you communicate with your opponents in a game? Of course not. The rules are closer to reality than you appear to know.
@@gmshadowtraders I communicate with my opponents all the time. chess players often settle for draws when its in both of their best interests. Two competitive players often collaborate and establish cartels in business. same in political parties. Instead of being on each other's neck, they decide to squeeze the citizens instead.
If communication wasn't possible, none of this would happen.
Was hoping the remastered video would leave out the Nash Hollywood movie but I stomached it n the whole video was nice a bit short n I felt needed more history examples would have shone brighter than the BS movie beautiful mind
in what world is being in prison for 1,1 years to 3,0 years beneficial?
I am glad I am not the only one that realized the example from the movie does not match the Theory. It’s a great example tho.
I mean it is just an idea and it could be that Nash was trying to divert their attention away from the blonde so he can go after her haha
@@metamorphosis_77 good one. I need it today. My country is falling into a coup as we speak.
Many Brazilians following an evil dictator (around 25%). I don’t think our decision-making theories can really explain that.
The beautiful mind movie all most lost me I despise Hollywood movies but I stomach but was hoping I would leave that part out of the remastered part
3:30...The Omertà Matrix.
Step away and find better players
Indeed
By your own description of game theory it is clear that people have a problem with less window dressing and diplomacy on POTUS 45 s clear use of often successful outcome game theory approaching his 4 years than the typical diplomatic type do little leader … his players were the Middle East , Israel , Russia , China , and north Korea and in all cases it is clear he did that ..
Perhaps it’s too difficult an approach somewhat amoral in its approach to moral national outcomes .
This game theory is well played by the mob and boxers and gambling I know it was long ago n gamblers were not voluntary but wen a fight leads to a rematch we’re u make more money it’s best for boxers to get a w or l or go the distance etc it’s on u to gamble so r u really an involuntary player also the parent child game the wife wants this n that n the kid don’t know better just wat rewards them at first sadly the outcome is a loss for the child regardless if the parents stay together or split up n the government makes the rules usually in favor of one of the parents we all know which one
I think this type of thinking is not practical in real life. Most of the time dominant strategies might appear good for one decision but destroy relationships and trust with others.
Game theory can be complicated, but the essence of the game theory mindset is to seek cooperation in order to end up with win win situations. Something people usually ignore.