Name: Games People Play: Game Theory in Life, Business, and Beyond
Released: 2023-11-01T00:00:00.000Z

Games People Play: Game Theory in Life, Business, and Beyond

TV Show · Special Interest

In Games People Play: Game Theory in Life, Business, and Beyond, you explore the fundamentals of game theory in an engaging, comprehensible manner. You investigate the field's classic games, encounter its greatest minds, and discover its real world applications in arenas including corporate negotiations, foreign policy-and your everyday life.

2023 · 32m

EPISODE 1

The World of Game Theory

"Games" apply to all aspects of life. You're introduced to the subject with a perplexing dilemma, a brief history of the field, and some of its applications, and the three fundamental components of any game: players, strategies, and payoffs.

32m
EPISODE 2

The Nature of the Game

You gain a deeper insight into the essential building blocks of players, strategies, and payoffs—most of them more complex and subtle than they might appear—along with two new concepts, rationality and common sense.

30m
EPISODE 3

The Real Life Chessboard-Sequential Games

In seeking the optimal strategies for games in which players take turns and where the full history of the game is known to all, you learn how to construct a "game tree" and are introduced to one of game theory's key concepts: the Nash equilibrium.

30m
EPISODE 4

Life's Little Games-The 2 x 2 Classic Games

You examine four classic two-player games, with each player considering his or her own two choices. Simple though they may be, these games appear at the heart of larger, more complicated games and provide important insights into dealing effectively with others.

31m
EPISODE 5

Guessing Right-Simultaneous Move Games

You learn a general way of representing simultaneous-move games—where players make decisions without knowing those of others—and acquire valuable tools to solve them. Military and business examples are used to introduce the minimax approach, the iterated elimination of dominated strategies, and the best response method.

30m
EPISODE 6

Practical Applications of Game Theory

Applying what you've learned, you see how a stock bid of $98 can beat one of $102; how insisting you lose a competition can be a winning strategy; and why being blackmailed can be in your best interest.

30m

Season 1

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Games People Play: Game Theory in Life, Business, and Beyond

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