3 game theory tactics, explained

By Big Think

Community Score: 50% | 2.0M views | 3y

0 community ratings: null thumbs up, null thumbs down

Become a Big Think member to unlock expert classes, premium print issues, exclusive events and more: https://bigthink.com/membership/?utm_source=youtube&utm_medium=social&utm_campaign=yt_desc How to maximize wins and minimize losses, explained by four experts on game theory. Subscribe to Big Think on YouTube ► https://www.youtube.com/channel/UCvQECJukTDE2i6aCoMnS-Vg?sub_confirmation=1 Up next, Harvard negotiator explains how to argue ► https://youtu.be/IDj1OBG5Tpw Game theory is a useful tool for decision-making in situations where the outcome depends on multiple parties. It provides a systematic way to analyze the interdependence of individuals or organizations and their potential strategies. Not only does game theory help you identify the optimal strategy for achieving your goals, it can also help you avoid the sunk-cost fallacy — the tendency to persist in an endeavor because of the resources you've already invested. By taking into account the potential actions and responses o

Tags: Education, Educational Videos, Videos, Faster smarter, big think, bigthink

Communities

  • Gaming — 0 upvotes, 0 comments

More from Big Think

  • We are on the verge of becoming a spacefaring civilization | Brian Cox — Score: 50%
  • Why we aren't going out anymore | Derek Thompson — Score: 50%
  • Quantum entanglement and the illusion of time, in 79 minutes | Jim Al-Khalili: Full Interview — Score: 50%
  • The difference between stress and trauma | Rachel Yehuda — Score: 50%
  • The planet in our solar system that’s hiding a weird secret | Sara Seager — Score: 50%
  • The idea so strange Einstein thought it broke quantum physics | Jim Al-Khalili — Score: 50%