A look at various games, the logic behind game theory, why and how it is used, and what we can learn from it.
What economists call game theory psychologists call the theory of social situations, which is an accurate description of what game theory is about. Although game theory is relevant to parlor games such as poker or bridge, most research in game theory focuses on how groups of people interact.Edit Remove Move
Game Theory 101: The Complete Textbook on Amazon: http://amzn.to/1SlRTtg http://gametheory101.com/courses/game-theory-101/ This lecture explains how to find the equilibrium solution to a prisoner's dilemma using the strict dominance solution concept. Just because an outcome is good for everyone involved does not mean that rational players will reach it!Edit Remove Move
Game Theory 101: Bargaining on Amazon: http://amzn.to/1Ug4ahs http://gametheory101.com/courses/bargaining-101/ Tommy and Angelica have to divide a dozen cookies between themselves. Tommy's parents have given Angelica the responsibility of choosing how to split them. The catch: if Tommy doesn't like the offer, he can reject it and leave both children with nothing.Edit Remove Move
http://economicsdetective.com/ Game theory is the study of human behaviour in strategic settings. It is used to solve some of the harder problems in economics. So what is a game? To have a game, you need at least two players, sometimes called agents, or, if you want to be really crazy, people.Edit Remove Move
Let me start at the end, the puppy story is very interesting. But not really economics. but how to read the charts is, and how it could be used to price items is. Mr. Clifford's app is now available at the App Store and Google play. His mobile app is perfect for students in AP microeconomics or college introductory micro courses. It is designed to help you ace the exam, final, or AP test. The app includes over 60 new economics videos that are not available on YouTube.Edit Remove Move
This talk was given at a local TEDx event, produced independently of the TED Conferences. Litan's talk explores the surprising role economists have played in the development of the internet economy -- and quite possibly your love life.Edit Remove Move