A game's got three parts. It's got players, they choose between different actions, and they ey also will get pay offs. And in order to make this game theory, there are two key things we have to add to that. Number one is those pay offs will depend not just on the actions that they choose, but also on what other people are doing. That's really what makes game theory a good for studying social situations. Game theory assumes that when players choose theiract, they do so optimately, in some sense.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode