Think Like An Economist

S E46: Game Theory - Thinking Strategically

Sep 7, 2021

22:40

Highlights

AI Chapters

Episode notes

What's the Best Outcome for Bonny and Clyde?

01:50

The Prisoner's Dilemma

01:39

The Prisoner's Dilemma

01:49

Introduction

2min

Think Like an Economist - Game Theory

2min

Strategic Interactions in Business

2min

The Prisoner's Dilemma

3min

I'm Better Off Confessioning

3min

What's the Best Outcome for Bonny and Clyde?

2min

The Prisoner's Dilemma

2min

The Prisoner's Dilemma

2min

The Phone Is Just a Metaphor for the Difficulties of Coordinating

2min

10.

What if Betsy's Businesses Produce and Hire a Lot?

2min

11.

The Prisoner's Dilemma and Coordination Games

3min

In business, as in life, we often have to make decisions based on what others choose. But how do we make the right strategic decisions? Betsey Stevenson and Justin Wolfers unpick the problems of strategic cooperation and coordination, and show you the four steps for making good strategic decisions. You now have two choices - to listen to this episode, or not!

Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.

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