Lectures: Game Theory

You learn about and the "Grim Trigger" strategy. The math shows that if you are going to interact with someone forever (your neighbor, your boss, your spouse), cooperation is actually the rational choice.

That lecture is a humbling lesson for every control freak in the room. Sometimes, the best strategy is not having a fixed strategy at all. Yes, we have to talk about the classic. But in a good lecture, you move beyond the meme. Game Theory Lectures

This is where the professor tells you that to play optimally in a game like Rock-Paper-Scissors (or soccer penalty kicks), you have to randomize. You have to calculate the exact probability (p) that makes your opponent indifferent between their options. You learn about and the "Grim Trigger" strategy

You look up from your notes. You realize your friend just bluffed you in a negotiation yesterday. Your brain tingles. That’s the dopamine hit of a good lecture. Everyone loves the Pure Strategy lectures. They are clean. "If they go left, I go right." But then comes Lecture 7: Mixed Strategies . Sometimes, the best strategy is not having a

It is a difficult class. It is a math-heavy class. But if you stick with it through the lecture on Bayesian Games, you will realize you aren't just learning economics. You are learning the operating system of human strategy.