Labeling cooperate as the side that stays quiet is very confusing in my brain. If you say someone is cooperating in a situation like this that means they're 'cooperating' with the interrogation/police, not staying quiet. Great video though
I am anaesthetist by profession ,accidentally came to watch your videos ..really interesting and have made a huge fan of game theory and started reading more about this...once again thanks indeed for enlightening me
Explained perfectly, but writ large these are vastly too simpistic. In most: families, clubs, gangs, depts., neighborhoods, societies, nation states, etc. if you're always the one looking out for #1 (dominant strategy), pretty soon everybody else is gonna be keepin' an eye on you and eventually ... you're out. Groups only work as groups if everybody works together ... that's the essence of WHAT they are.
While I understand what you are saying, this situation involves two individuals whose integrity is in serious doubt. What if you flipped around where two people will be rewarded for altruistic behavior?
I’m not trying to be rude, rather just informative. The game works out in a very interesting manner, especially over multiple iterations. Actually, altruism is rewarded and this game theory has been used to show how cooperation naturally evolves (likely a better name is interactive theory) - on the popular level see veritasium’s video on the prisoners dilemma and on the academic see “Forgiveness” edited by McCullough, Paragament, & Thorensen
I don't typically leave comments, but I just wanted to thank you. You have absolutely saved my life before an economics exam!
I have been struggling in this topic. Very helpful and much more relatable examples than others have tried to explain. Thanks!!
keep on posting highly educational vids. what u do is really interesting.
Thank you for coming in clutch right before my exam!
Labeling cooperate as the side that stays quiet is very confusing in my brain. If you say someone is cooperating in a situation like this that means they're 'cooperating' with the interrogation/police, not staying quiet. Great video though
Hi! Kindly explain how to find pure strategy in a numerical question.
I am anaesthetist by profession ,accidentally came to watch your videos ..really interesting and have made a huge fan of game theory and started reading more about this...once again thanks indeed for enlightening me
Great explanation 👍🏼
Just want to fold hands for your guidance. Love from India ❤
Great video!
thank you
So fantastic 🎉
Understanding is super easy but writing this in exam give me 2 out of 4 i am still confused
You have a beautiful accent !
Love from India ❤
awesome 😇
you are the best lecture. in additionally, you are cutest💌
Thank u for making this video 🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰
You have aclear and pricise preswntation
♟
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Explained perfectly, but writ large these are vastly too simpistic. In most: families, clubs, gangs, depts., neighborhoods, societies, nation states, etc. if you're always the one looking out for #1 (dominant strategy), pretty soon everybody else is gonna be keepin' an eye on you and eventually ... you're out. Groups only work as groups if everybody works together ... that's the essence of WHAT they are.
While I understand what you are saying, this situation involves two individuals whose integrity is in serious doubt. What if you flipped around where two people will be rewarded for altruistic behavior?
I’m not trying to be rude, rather just informative.
The game works out in a very interesting manner, especially over multiple iterations. Actually, altruism is rewarded and this game theory has been used to show how cooperation naturally evolves (likely a better name is interactive theory) - on the popular level see veritasium’s video on the prisoners dilemma and on the academic see “Forgiveness” edited by McCullough, Paragament, & Thorensen