Game Theory Explained in One Minute
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- Опубліковано 3 жов 2024
- You can't be good at economics if you aren't capable of putting yourself in the position of other people and seeing things from their perspective, you just can't.
Game theory helps you do just that.
Whenever you're involved in situations in which the outcome depends not only on your actions but on the actions of other participants as well, game theory is all about helping you figure out what the best approach is based on what the other (presumed to be rational) actors are more likely to do.
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This video doesnt explain game theory whatsoever...just says where it applies
true
As I just typed, the first 15 secs are worthless.
Yes Game Theory. Those guys ruining our childhood since 2011 XD
This video is for people who do not want to watch a long video.
I was going to write the same thing. It is a description, not an explanation.
The first guy is called Matt and this video is about game theory... I get it....
Just a coincidence, I've randomly chosen to call him Matt. Scout's honor.
That is quite spooky holy
But that's just a Theory...
A GAME THEORY!! Thanks For Watching
:D
@@OneMinuteEconomics And you :D's you small D?. Stop supporting shit, Not subscribed
Very short , comprehensive and vivid approach for such hard and boring topics is a stunning work, bundle of thanks
Fighting the good fight, or so I hope haha... thatnks a ton for the kind words Salma!
Except, it doesn't explain what game theory is
.....at all
I know you used vyond
Tells you nothing about game theory
Read some chapters in a book then? A one minute video cannot possiblyvexplain game theory in it’s entirety.
@@Roserytemptationr/woosh
Seriously I love your videos, and they are so helpful, I do not doubt the fact that in a little amount of time you will get the big 10,000 than 100,000, thank you for your videos and keep up the good work, I would like to know more about derivatives even though you already made a video on it, thankyou
Thanks a lot for the words of encouragement Jared, it means a lot to me that people are letting me know they appreciate my work. Seriously, thanks a LOT :)
I'll publish some videos about specific derivatives-related issues later on, still thinking about what the best approach would be. I'm sure other viewers also want to know more about derivatives, especially about their role in the Great Recession and things like that. Will do my best to help.
Stop looking at 1 minute vids and assume you'll learn everything about the topic and then get mad when you don't understand it and attack the publisher.
Take what he says and then GOOGLE it and RESEARCH.
Before that, actually appreciate the publisher for doing the work and even taking the time. If you want to go more in depth, RESEARCH.
Fair point, thanks! Also, I frequently follow up with videos through which I focus on just one topic that has been mentioned in a broader previous video, with the intention of creating a comprehensive playlist which teaches viewers everything that need to know... one minute at a time :)
The Game Theory is definitely an interesting theory that can be applied in computer science such as in Artificial Intelligence- Big Data!
Um, how? I don’t see it.
I have a playlist of videos on Game Theory. Many of them give examples taken from Computer Science. You can see that in this URL: ua-cam.com/play/PLm_COkBtXzFo2EszhrgtNPBbhD4RO372n.html
Thank you for the concise explanation.
Thank YOU for the kind words :)
The inventer of game theory had schizophrenia and his life was illustrated in beautiful mind
This video makes game theory feel like an inside joke that you refuse to explain to anyone out of the loop
All it remains is killer haunted animaltronics.
:D
This capture the breadth of the topic without getting bogged down in details right away. Perfect for sharing with a friend that hasn't heard of it before. Kinda whet the appetite to dive in!
Appreciate the kind words and concept validation, thanks a lot :)
One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): ua-cam.com/video/io04ckq1X1M/v-deo.html
But hey thats just a theory A GAAAME THEORY
Thanks for watching 😢
Bon, many people are leaving bad comments. As far as I know, I understand he didn't explain the _techniques_ behind Game Theory but no matter how deep you learn GTheory that's just that.. predicting what people will do given circumstances. Were you expecting something else??
Appreciate the comment and, indeed, I have an entire playlist dedicated to various game theory-related topics: ua-cam.com/play/PLhICud5IUwVhtKugvPZBVrVKFemeyWag4.html
you used vyond software
About MatPat!
This is the exact same art style for HEB training videos
I thought this was the matpat game theory
What I don't understand about Game Theory is why it is considered an application of mathematics?!? From this definition given here (which is congruent with how I had presumed the theory was applied) it appears to have more akin to philosophy and / or psychology than it does math!
I'd say there are two dimensions: the fundamental one and the technical one.
Fundamentally/qualitatively speaking, I do agree with you that game theory seems more in the realm of psychology than math. Technically/quantitatively speaking however, math enables you to create models, formulas and so on.
For example, you might want to find out how big of a price decrease a newly released Product 2 should come at to convince consumers to abandon Product 1, which they've used for years. That's when the math dimension comes in. You could limit yourself to just making a qualitative observation such as "People have developed the habit of using Product 1, so it would take something disruptive such as innovation or a significant price decrease to get them to switch" but math help you be more specific by answering questions such as "how big of a discount?" :)
One Minute Economics t
This literally doesn't explain game theory at all.
Wait there's no FNAF reference? Reported.
So what's game theory?
this has nothing to do with game theory...
I believe that "game theory" doesn't mean much if that's all it is. It's going to deep for simple reasoning imo. What I took away from it is there are strategies in games, business, and even war/combat/fighting. You have to take into account what the opposing position is doing. The outcome can have varied results depending on many factors. But that's just stating the obvious
turns out matt didnt get that hundo yet
:P
So informative short and right to the point! I could use more stuff like this in my life! Thanks subbed for more mate! :D
Thanks a lot for the kind words, really happy you've enjoyed the video :)
I'll be publishing another very interesting video about game theory in a few minutes, it's about the Prisoner's Dilemma. Fascinating stuff!
Ohhh I have to see it than! :D
Do you have a video about decision theory please ?
Nope, not yet, but I'll keep your request in mind and do my best to publish one soon :)
i literally googled "when was the last good game theory video?" and this came up
This is what’s going on now with the cvirus and nwo - battle between light and dark
Some guy got a Nobel prize for this
Plural, not singular, as in not just one guy :D
So fluent strategy is the most beneficial..larger target audience..
okay so what is game theory????
Major problem with your short description... Game theory does not use the word rational in the same way as the general public.
I'm amazed by the quality of this. I had the privilege of reading something similar, and it was a true revelation. "Game Theory and the Pursuit of Algorithmic Fairness" by Jack Frostwell
Its just a theory. A gaaame theory
Where in the video does it explain - at all - what "Game Theory" is?
"...Get his A hundred..." yepp. NEXT!~!!!
It’s always been game theory I’m losing my mind
I’m losing my mind it’s always been game theory
But hey it's just a theory, A GAME THEORY!
It took me several years to have my AHA moment and get why people keep saying this when commenting on my video :)
This content is a gem. The book will be the crown jewel for enthusiasts. "Game Theory and the Pursuit of Algorithmic Fairness" by Jack Frostwell
interesting concepts of AI and stats and medical rights of people... cascades and beyond... it's beyond medicine.. but consider snap shots... games... reimbursement... economics of control and pleiotropicity... ego... group dynamics of markets and beyond... the needs of authentic community connections are very real... health, climate and tools.
WHAT IS GAME THEORY???
Quite suspicious that the guy's name is Matt almost like mattPAT
You lost it at :46. Nice try.
First of all, thanks for dropping by! If possible, please elaborate :)
good information!
Thanks a lot :)
Not an explanation of game theory.
For me, most of the chinese flagships are not worth more than Rs. 55,000... However, these companies are playing the game theory (called the nash equilabrium) that the indian customers do not have any option but to buy them at a hefty price for chinese branded flagship phones...
This can be solved by other multinational companies from the Indian subcontinent and asean countries, but as we all know, these countries don't have the technical knowhow or capital formation for such a huge scale industry....
So, mind you, esp. utubers, we don't appreciate your efforts for justifying their pricing when they are prices higher as compared to china...
I actually have an animation about the Nash Equilibrium:
ua-cam.com/video/MSxgzaeKCJ0/v-deo.html
how is it a theory?
Under the assumption people behave rationally it _predicts_ what they are going to do. A theory is an explanation of facts that has predictive power
Or it could call a child a dead skeleton.
Who is this narrator? I know his voice from a lot of different things.
Hey Adam, shoot me a DM and I'd gladly put you in touch with him.
It's Frank Grimes.
I got an intro for my presentation 👌
Hope you'll do well Jagdeep, good luck! :)
So what happens to game theory when you have a group of irrational?
Your social media feed is full of answers to that question :)
The video is longer than a minute and doesn't explain Game Theory. Aside from that though, well done.
Presumed all participants are rational is the keyword
Famous last words, heh :)
So game theory is the study of competitions?
Pretty Bad Explanation
In the last part only people who are airhead will be able to win against Game theorists
Can I integrate game theory on my study on disaster management?
What did you have in mind with respect to said study?
This vedio is help me to understnd the game theory
Happy to hear that :)
oh ok
so what is it
What is what? :D
for 1 minute pretty good
Thank you! :)
Good explanation.
GT assumes everyone is rational? Completely useless then.
So... No one is going to point out this was made in GoAnimate?
But hey that's just a theory, a game theory
Made me chuckle :)
So..... it's a video that gives a few examples on what Game Theory is not?
Would recommend checking out the following playlist when you get a chance to: ua-cam.com/play/PLhICud5IUwVhtKugvPZBVrVKFemeyWag4.html
So... social calculus?
:)
No, that's psychohistory
I thought it was about matpat
yes
Useless
Couldn't the 15 seconds been edited out? Or am I missing the joke? 🙃
:P
this was over a minute
why did you lie to me, I though we had something
It was just this one time Kevin and I promise, it didn't mean anything!
This has to be one of the most horrible voices and explanations I have seen ever on UA-cam.
1:09 I think Hawking's " The grand design " would have something to say about that.
:D
I thought this was about Mattpat ftom Game theory
Almost made a unwarranted comment there
Sorry!
Why are you against mat pat? You are basically as far as him then in this vid, also ITS JUST A THEORY!
Yep, I agree 100% that game theory should be treated as just that, game *theory* rather than the Holy Grail of economics :)
lol why is he fat in the vid then?
Just a coincidence, you have my word :)
Lol ok.
Matt pat or nah
network oligopoly collusion
Wut?
Hai
Emily
Running a mile in under 7 minutes is easy lol
Nice not nice video, I dislike it to motivate you to do better next time.
Will do my best, heh :)
how do you run 27 meters per second? You'd have to more than double the world speed record
Its just an example
Sarah is cute....
That explanation sucked.
Sorry you feel that way Thomas, feel free to share some feedback if you'd like to and I'll do my best to address those topics and/or keep your tips in mind for future vids :)
فديو رائع
F
Cool
Glad you like it Winston :)
The first 20 seconds of this video is useless. Awful
literally nothing. even less than nothing bcs it also wastes your time that could be filled with something.
I really dont know that but thats a theory a game ttheeoorryy
Your voice gave me a headache..yowzaz....
Sorry 'bout that. My back pain gave me a headache yesterday, so I guess we're even :)
Not helpful at all. Smh
Sorry to hear that Arnold, hopefully you'll check out some of my other vids and some of them will make up for it :)
Click bait. Your video is 1.27 minutes.
Expooooooosed :( On a serious note, it's all good format-wise as far as I'm concerned if you start by saying "one minute" when reading the length out loud, so anything from 60 seconds (one minute) to 119 seconds (one minute and fifty-nine seconds)
Q sent me
Welcome aboard :)