Digital Players & Future Markets – Game Theory in Machine Learning & Common Ownership topics | with Martin Schmalz
Game Changer - the game theory podcast
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The Machine Learning Parts and Game They Are Connected
In a game me, then you make predictions about the other players behavior at all times. So as you make these predictions faster cheaper and better with a machine,. By replacing these functions of a human then naturally, the nature of the game that is being played changes or the outcomes anyways, change. In pricing decision, say think you have a gas station and there's a gas station on the other side of the streets. The traditional way of competition is you look over on the other gas stations price board, and, you know, adjust your prices accordingly. Now this process has been taken over by the machines so that make, uh, predictions about future demand as well as costs for the other player
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