Game Theory pt2
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I like that Nash says "humans" instead of "people" lol.......I guess he is trying to be as objective as possible.
modernmarvel 2 months ago
Game theory is a way of understanding those around you by constructing their relationships between each other. All based on self-interest.
It's genius.
John Nash isn't an idiot, those who think so have issues.
SixFootTallMidget 2 months ago
@flyattic
I'd say the applicability of game theory is limited in scope; rather than outright 'bullshit'.
WSWarthog 3 months ago
@piedpiperz80 That would be a sequential game.
ICarnag3I 4 months ago
Governing Dynamics
ICarnag3I 4 months ago
It doesnt take reactions into account just because he only explained single simultaneus move games, more recent game theory have new equilibriums for diferents type of games incluiding cooperation between the players. Its kinda san this video trys to make game theory look like a "dont trust anyone" concept instead of the "if u want to play fair only get involved in games with fair rules" it actually is.
adriank2011 7 months ago
Doesnt seem to take in account the reaction to your actions. If you screw over your fellow man they wont want to play with you anymore. That is why most humans will trust.
piedpiperz80 9 months ago
@flyattic lordy .. can u not see that is exactly how the world economy works? nobody trusts anybody..PERIOD.. this is why his theory is essential. those of us who do trust, and try to be true.. are screwed.. and the fact that beg business KNOWS that most normal folks do TRUST and play FAIR.. they are able to keep the working people in check by giving them a bone.. there was a book written in the early 60s by one of kennedys cronies called "give the dog a bone" and it taught how to cheat the US
kingslegion1 9 months ago
Nash's theory is such rubbish. It only works once for a one time gain. You can't have a business relationship or a personal relationship without trust. If it's a one time deal then yes it is best to cheat and be ruthless, but life continue's after the game and as such we have to build relationships of trust. His theory is pretty sloppy, most of us learn this "theory" through monopoly or some other such game, but it is just that, a game. Trust is imperative to move forwards as a species.
flyattic 9 months ago
in Latin America john nash is a man respected not wise
As discussed, I am an economist and I'm disappointed by john
nash, I WANT MORE!!
john nash, deserves the Nobel Prize or not, explain why ..
wilindoro45 10 months ago