Game Theory is supposed to show how businesses (and prisoners) can outdo each other to win out over their competition. While this is great in theory Game Theory actually shows us much more about how to get along with our partners, friends, and allies.
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Mar 17
The Rise Of The Middle Powers
Europe and the United States share the largest trade relationship in the world, worth nearly 2 trillion dollars each year, but that partnership is starting to fracture. Beneath the surface, this relationship is built on deeply interconnected supply chains, financial systems, and ... Show More
33m 40s
Dec 22
Did China Just Drop The Ball On Global Dominance?
China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing on GDP, and Western tariffs are restricting exports. For decades, China produced ... Show More
16m 15s
Dec 2
A Short Story About Why You Cannot Buy A House
Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times income), Sydney (13.8 times), Vancouver, London, and San Francisco, housing prices ... Show More
12m 51s
Oct 2023
Game Theory: Winning the Game of Life
Every decision you make is a game. You just don't know the rules yet.When you negotiate a raise, you're playing a game. When you decide whether to trust someone, you're playing a game. When you choose a lane in traffic, pick a side in an argument, or figure out whether to coopera ... Show More
12m 15s
Jan 2023
Jeffrey Carpenter and Andrea Robbett, "Game Theory and Behavior" (MIT Press, 2022)
Jeffrey Carpenter and Andrea Robbett's book Game Theory and Behavior (MIT Press, 2022) is an introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations. This introductory text on ... Show More
23m 55s