2min chapter

Lex Fridman Podcast cover image

Michael Kearns: Algorithmic Fairness, Bias, Privacy, and Ethics in Machine Learning

Lex Fridman Podcast

CHAPTER

What Is Game Theory and How Does It Help Us Model and Study?

Game theory is a mathematical framework for reasoning about collective outcomes in systems of interacting individuals. There's now this 20-year-old field called algorithmic game theory, which looks at settings where the number of actors is potentially extraordinarily large. And their incentives might be quite complicated and kind of hard to model directly. But you still want ways of predicting what will happen or influencing what will happen in the design of platforms.

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