logo
episode-header-image
Jan 2023
13m 59s

Why Game Theory is Not About Competition

Economics Explained
About this episode
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. Learn more about your ad choices. Visit megaphone.fm/adchoices 
Up next
Today
The Iran War Looks Very Different from Europe
📫 8,500+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 
19m 42s
Sep 9
Did Pensions Destroy France?
📫 8,500+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 
24m 14s
Sep 2
What Is The Net Worth Of The World
📫 8,500+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 
30m 49s
Recommended Episodes
May 2019
How Having a Rival Improves Performance
Adam Grant, organizational psychologist at The Wharton School, argues that individuals and companies alike can benefit from having rivals. He has studied sports and business rivalries and believes they often add up to more than just zero-sum competition. Grant explains how we can ... Show More
25m 25s
Jul 2014
174. What Do King Solomon and David Lee Roth Have in Common?
<p>It isn’t easy to separate the guilty from the innocent, but a clever bit of game theory can help.</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for a ... Show More
33m 4s
May 2025
The U.S.-China trade war, according to game theory
Over the last few months U.S.-China trade relations have been pretty hard to make sense of – unless you look at what's happening through the lens of game theory. Game theory is all about how decisions are made, based not just on one side's options and payoffs, but on the choices ... Show More
28m 24s
Jun 2018
Game Theory - Infinite vs Finite Games and how it can massively TRANSFORM your business... 🔥👨🏻 THIS IS REALLY COOL! | Ep 60
“The game is to outlast. The game is to keep playing the game."Today, Alex (@AlexHormozi) discusses how game theory can fundamentally change how we see and approach business, shifting from a finite game mentality to an infinite game mentality, with the objective being to keep pla ... Show More
10m 9s
May 2012
Game Theory
Melvyn Bragg and his guests discuss game theory, the mathematical study of decision-making. First formulated in the 1940s, the discipline entails devising 'games' to simulate situations of conflict or cooperation. It allows researchers to unravel decision-making strategies, and e ... Show More
41m 51s
Jun 2018
Introduction: Five First Lessons
We introduce Game Theory by playing a game. We organize the game into players, their strategies, and their goals or payoffs; and we learn that we should decide what our goals are before we make choices. With some plausible payoffs, our game is a prisoners’ dilemma. We learn that ... Show More
1h 8m
May 2019
Play Stupid Games, Win Stupid Prizes
tail spinning
2m 39s
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
May 2019
Escape Competition Through Authenticity
tail spinning
5m 37s