What's the Difference Between Game Theory and Exploitative Play?

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To be successful, do you have to construct a solid model of all the players in the game? Or can you ignore them? I think it's really important. So that's like sort of the big debate in poker. We call it for short, GTO, game theory optimal versus exploitative play.

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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(06:43) – Poker hands
(14:39) – Poker ranges
(20:10) – Game theory optimal
(36:25) – Winning
(42:57) – Losing
(48:58) – Mental game
(53:17) – Day in the life
(1:02:20) – History of poker
(1:06:10) – Poker solvers
(1:12:46) – Online poker
(1:20:49) – Greatest poker player of all time
(1:40:43) – Main Event of the WSOP
(1:49:14) – Advice for beginners
(1:54:44) – Cheating
(2:04:43) – Movies
(2:10:10) – Advice for young people
(2:19:29) – Love
(2:24:43) – The Gambler