When two people are trying to make a deal -- whether they’re competing or cooperating -- what’s really going on inside their brains? Behavioral economist Colin Camerer shows research that reveals how badly we predict what others are...

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.

Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.

Fixing traffic seems easy—just add more roads, right? Turns out that this is a problem studied by physicists and psychologists alike, with no easy answers.

Given a range of integers from 0 to 100, what would the whole number closest to 2/3 of the average of all numbers guessed be? For example, if the average of all guesses is 60, the correct guess will be 40. The game is played under...

Two perfectly rational gingerbread men, Crispy and Chewy, are out strolling when they're caught by a fox. Instead of simply eating them, he decides to put their friendship to the test with a cruel dilemma. He'll ask each gingerbread man...

Should two suspects, held in separate cells, accuse the other of the crime to secure their own freedom? And why a similar situation led to a vital equilibrium in the Cold War nuclear arms race. Maths - Statistics And Probability A Twig...

Simulating the Evolution of Teamwork

Researchers at Carnegie Mellon developed an AI bot with superhuman AI skills. Will they release it to the public? Alternatively, watch me slowly get blinded by the rising sun.

The video explains the economic applications of game theory and how it can help us understand the interactions between economic agents such as countries, firms, and producers. The concepts of game theory, players, rules, outcomes, and...

In this video I reviews all of MICROeconomics in 19 minutes. (Note- I used the same intro from the macro video since Unit 1 is the same, but this definitely covers MICRO).

The video describes the basic concepts of game theory and uses the example of the prisoner's dilemma game to explain the Nash equilibrium. The video also discusses the use of the payoff matrix as a tool for analyzing outcomes within a...

Start exploring the evolution of behavior by seeing what happens when creatures can be either nice or mean.

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,...

The (strange) Mathematics of Game Theory - Are optimal decisions also the most logical?