With up to ten years in prison at stake, will Wanda rat Fred out? Game theory is looking at human interactions through the lens of mathematics.
Hosted by: Hank Green
Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow
Dooblydoo thanks go to the following Patreon supporters -- we couldn't make SciShow without them! Shout out to Kevin Bealer, Justin Lentz, Mark Terrio-Cameron, Patrick Merrithew, Accalia Elementia, Fatima Iqbal, Benny, Kyle Anderson, Mike Frayn, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Chris Peters, Kathy Philip, Patrick D. Ashmore, Thomas J., charles george, and Bader AlGhamdi.
Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow
Looking for SciShow elsewhere on the internet?
I have a question. Say there are two basketball teams and they play against each other, Team A and Team B. The relationship between Team A and Team B is Non-Cooperative. Now would the relationship within Team A be a cooperative game as everyone in Team A is aiming towards the goal of winning?
So then game theory isn't the science of decision making, as it's prescriptive rather than empirical, it's the logic behind decision strategy. It's only predictive to the extent players are good strategists, aka share the same values, act rationally, and have the same information.
I've studied a lot of game theory and this is one of the best introductions I've seen to these game types. One small thing, a Nash Equilibrium is achieved when no player can improve their result by changing strategy. As the brief annotation mentioned, you described a Dominant strategy. Curious viewers should look into optimal strategy for Prisoner's Dilemma in an iterated game (ie. multiple rounds of the same decision). It may be the best mathematical model available for the axiom "It doesn't matter if you win or lose, it's how you play the game."
Ron Sutton climate changes with or without humans. Antarctic ice core samples prove this. While yes, we do pollute the planet which is a problem, humans are not the sole reason for "climate change". Those in power(elitist) know this, and what solution do they offer? Carbon TAXING the world, which they say is for "$topping" "¢limat€ ¢hang€" lmao. The only "$topping" that will be done will be "$topping" by the bank to deposit all that cash from feeble minded fools.
Well that's why you try to avoid getting yourself in a bad situation in the first place. In mean the jail thing they were both stealing and damaging someone else's wellbeing in the security of their life they deserve each other.
I wan't to make this one clear for me... If i make 10 and my friend makes 20 our total production value seperatly is 30. So shloud'nt the 10 additional ones that we made while working together be devided by 3, since in my friends favor, since his production value is higher?
8:45 - this is flawed if he worked on his own he made 30 cookies in the same about of working with someone he made 40 cookies. So two of them working alone could of made 60 cookies, but together they made 40. So what would of been better is if he taught his friend how to make cookies, then they split the profit from working together. See how that works better. If instead of trying to keep control of the recipe he trusts his friend. Then he has a chance of greater profit. Being smart is not trying to hold the other person back in order to keep an advantage. If you're constantly worried about someone screwing you over or doing better than you, then that shows a horrible flaw in the education system, because working together and trusting people is always better. Not everyone can do one job that is also how this is flawed. On large scale it's always better to not try get an advantage over other people.
This is a bad strategy. This implies doing something wrong is right. The best solution is to work out a way in which both parties win. By confession they are making a correct decision and so should be rewarded for doing that. Because if one loses out and gets ten years, he probably will cut your life short when he gets out. Giving you a total of 10 years or so to live or being in a constant state of fear. The best solution is to workout how to get along. It's not how to screw each other over. If your solution is to screw someone over, than they don't grow as a person and so they could do something like build the internet and make life better for all. If you keep people stupid, and give yourself the advantage you run the risk of losing out massively. The best solution is always to work out how everyone in the situation can gain. So instead of turning them against each other you say. Will both give you less time if you both confess. But if only one confesses then you both get a longer life sentence. In which both now want to confess, because nothing bad happens to the other person. No one is screwed over.
Game theory began with Von Neumann not Nash. And please desist from inserting hippy politics into mathematics. That there may be reasons for paying non performers isn't a core idea of GT, your emphases here reflects your personal political preference. Otherwise you should also mention that it may also be a very bad idea as it incentivizes non-performance and can lead to mooching.
Hi, I'm a researcher in Human-computer Interaction, and I'm currently working on an online educational video platform project. I'm wondering whether I could use your videos in my lab experiments, and whether it is possible for you as the content creator to summarize your video content into a list of topics covered in the video? Thanks a lot in advance. You can contact me by email: [email protected]
Cookies riddle has actually not sufficient incomng data. We know what my and my friend's separate productivity is, but our productivity in a streamline model is not given. We can solve it the way shown in the video only if we cook separately
@8:55 Game theory doesn't tell you how to be fair. I assume an economist wrote a line that absurd. Fairness is a perception (about which there are decades of research), and this approach barely skims the surface of only one facet of perceptions of fairness.
Actually cooperative games exist when there is an authority that can enforce contracts effectively, thus enforcing cooperative strategies. In non cooperative games there is no effective authority that enforces contracts, thus coalitions exist only as far as they are convenient or enforcible by the players themselves. You are confusing concepts of cooperative games with zero sum games. In zero sum games what you win was lost by another player. In non zero sum games you have to consider the creation and destruction of value within tne game. Different concepts.
By that logic, you cannot play a game by yourself. But there are tons of games that make you play against a "system". Most computer games are, for starters, and most cooperative games can be played by yourself
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.