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How Game Theory Can Be Used To Explain Human Behavior | Erez Yoeli

Behavioral Grooves Podcast

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Hidden Games, the Surprising Power of Game Theory

Game theory is a math toolkit designed to model strategic interactions. In the Prisoners Dilemma, for instance, this would be I can choose to either cooperate with my partner or defect in cooperation. The payoffs have a feature that they depend not only on what I choose, whether I cooperate, but also on what the other person does. It's actually very, very straightforward to just see the simplest kinds of games.

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