The Dark Side of Game Theory: Darth Vader Explains Why Cooperation Fails
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- Опубликовано: 16 июн 2024
- Remember the Death Star, monument to Imperial might? Turns out, blowing it up wasn't just a strategic nightmare, but a financial catastrophe too! Join Darth Vader in this explosive Economics 102 lesson as he dissects the shocking reason their insurance claim went up in smoke.
Vader, fueled by Sith-like fury, analyzes the situation using the Prisoner's Dilemma, a chilling game theory framework. Witness the misaligned incentives that led to galactic-scale financial ruin. Learn how cooperation and understanding your opponent's moves are crucial for success, even when you rule with an iron fist.
This video will reveal:
The Death Star insurance debacle exposed through game theory principles
The chilling truth behind the Prisoner's Dilemma applied to real-world (or galaxy-wide) situations
Nash Equilibrium: Unmasking the strategic decision-making power Darth Vader wields
Lessons learned to avoid costly mistakes, both economic and galactic (hint: don't underestimate your enemies)
Join Darth Vader for a crash course in economics and strategy that's both informative and darkly entertaining! Don't miss out on this epic blend of Star Wars fun and practical knowledge. ✨
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#DarthVader #GameTheory #PrisonersDilemma #NashEquilibrium #StarWars #Economics102 #InsuranceDenied #Cooperation #Finances #Strategy #ThinkingAhead
Even in a galaxy far, far away, insurance companies still be ripping a brother off.
Never underestimate the power of the dark side, ehm insurance companies.
@@TheLeekWeek🤣👍
Did not expect to learn game theory in economics from darth vader.
I find your lack of faith disturbing.
That insurance company won't be around much longer.
It all depends what kind of connection they have in the empire, though.
The flaw in this matrix is that if the value is overblown and the claim is denied, then the Empire will cancel more contracts than if they gave the correct value. They're effectively saying, "If you're not going to believe my lies, then I'm withdrawing all my policies. But if I told the truth I would only withdraw some of them if denied."
The solution to the problem at the end is to have a second consequence. If approving the claim results in the Empire taking out more policies with the company, it would offset the amount paid out. Let's say if the policy is honored, the Empire will pay for life insurance of stormtroopers resulting in 100 trillion credits for the insurer. If the insurant gives the correct value, the insurer gains 50tr credits and if they get an exaggerated value, they'd be out 100tr, same as if they denied the claim. Thus keeping the customer happy is an incentive to honor the policy.
But this is the Empire. If the claim is denied, the Emperor will nationalize the insurance company and have their execs convicted of treason.
The scenario of "I am altering the deal. Pray I don't alter it any further."
Yes, there is something to this. But the insurance conglomerate is very powerful, too. And the empire needs insurances. So both parties carry some sort of risk.
One way out of it is through some additional incentives - such as the second consequence you mention. This can also be in a form of a reward or fine by a third party or regulatory institute. But the even better way is to get the two parties to trust each other and cooperate...
Actually your matrix's are completely incorrect. In the first scenario all four results would be "death by force choke". In the second scenario, both "deny claim" options would result in "orbital bombardment of insurance company HQ by star destroyer", not lose "25 or 100 trillion credits". Which means the insurance company would be very likely to honor the claim regardless of whether it is over-blown or not.
You earn your first « like» for creativity. But what you forget is that the galatic banking clan are not fool’s, with assasinations on members, or terrorism against property. There is a plan ready for such cases. And that is to start supporting the rebel Alliance with financial backing. Or supporting a « palace coup the etat», from a internal political force within the empire as a counter strike.
My guess is that the bankers will survive this administration and the next. Dark side or light side don’t matter to us as long as the interest payments are paid on time
🤣👍 agreed, but then this would give other insuerer less incentive e to even write a policy for the Imperial government.
@p1 But since failing to write a policy for the Imperial Government is most likely to result in force chokes as the absolute best outcome, I'm certain it they would do it.
That is one scenario. But the Empire still needs insurance companies. And the whole economic system of the Empire, including all the companies and the workforce, also needs insurance companies. So they can't just eliminate all of them - neither by star destroyers, nor by making them bankrupt.
This is wonderful! Can you do a video of Beavis and Butthead explaining General Relativity? 😹
Sounds fun - but first I have to understand General Relativity. Maybe we should start with Special Relativity...
@@TheLeekWeek Might not be a bad idea. Black holes might be a good topics, too. Beavis and Butthead could work in plenty of jokes about how they "suck". :-)
where can i get those images of Darth Vader in a classroom of Stormtroopers?
They are AI generated - to generate them you can pretty much use the prompt that you used in your question.
is it per chance not an accident that the insurance building has a slight phallic appearance ?
A good artist would say that nothing is coincidence.
you 100% earned a sub. the way youd fix this situation to is to make each dominant strategy a bad thing for both parties. so the insurant needs to lack an incentive to overblow the value (thatd usually be a hard limit on how much the insurance would pay back) and the insurance company needs to lack an incentive to deny the claim (by making them lose out on the max value if they fail to honor the claim) thereby no longer giving any real choice since the insurance company loses the same amount of money whether they do or do not honor the claim and the insurant gets the same amount of money whether or not they overblow the value. meaning theres no good reason to try and screw each other over so they will both come to the favorable outcome giving the best value to both parties
Yes, exactly. We can shift the payoff via subsidies, regulations, or fines. Another way is to build trust and get the two parties to cooperate.
Here before it blows up
Interesting. But they would not be called Padawans. Only force sensitives are padawan learners, which is a Jedi term. Sith students were Acolytes or Apprentices. And, storm troopers were not force sensitive.
Good explanation, but I think the Imperial government would have more control over the insurance company. So if they did not pay, there would be ... consequences. Unpleasant consequences.
Thanks for pointing it out. There might be some Padawans in the RUclips audience though.
And yes, there could be unpleasant consequences. But the Empire still needs the insurance...
i thought "imperial padawans" was intentional: the video creator's sense of humor.
I learned so much today 😂
You still have a lot to learn, young padawan. So don't forget to subscribe.