Game Theory in the Real World

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Transcript

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eyelash month with her funny at

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eyelash month with her funny at times<00:00:08.800> in<00:00:09.120> life<00:00:09.269> only<00:00:09.570> 10

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times in life only 10

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times in life only 10 when<00:00:10.790> pro<00:00:13.160> and<00:00:13.290> not<00:00:13.460> just<00:00:13.639> one<00:00:13.809> or

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when pro and not just one or

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when pro and not just one or until<00:00:14.200> a<00:00:14.320> heated<00:00:14.730> game

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until a heated game

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until a heated game Dungeons<00:00:15.599> and<00:00:15.700> Dragons<00:00:16.270> in<00:00:16.780> theory

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Dungeons and Dragons in theory

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Dungeons and Dragons in theory takes<00:00:17.360> a<00:00:17.430> minute<00:00:17.720> topper<00:00:18.040> more

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takes a minute topper more

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takes a minute topper more complicated<00:00:18.960> decisions<00:00:19.520> in<00:00:19.650> this

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complicated decisions in this

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complicated decisions in this world<00:00:20.170> and<00:00:20.250> takes<00:00:20.700> the

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world and takes the

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world and takes the of<00:00:21.280> Fatima<00:00:21.850> OKC<00:00:24.180> run<00:00:24.460> a<00:00:24.490> shop<00:00:24.930> where

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of Fatima OKC run a shop where

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of Fatima OKC run a shop where you<00:00:25.130> sell

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you sell

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you sell mmm<00:00:26.460> tongue<00:00:26.680> depressors<00:00:27.600> you<00:00:28.500> decide

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mmm tongue depressors you decide

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mmm tongue depressors you decide to<00:00:28.830> go<00:00:28.860> with<00:00:29.150> a<00:00:29.210> really<00:00:29.510> big<00:00:29.680> money

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to go with a really big money

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to go with a really big money but<00:00:30.770> I'll<00:00:31.210> guy<00:00:31.530> across<00:00:31.770> the<00:00:32.080> street

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but I'll guy across the street

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but I'll guy across the street has<00:00:32.610> opened<00:00:32.930> another<00:00:33.120> tongue

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has opened another tongue

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has opened another tongue depressor<00:00:34.110> shop

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depressor shop

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depressor shop you're<00:00:35.030> happy<00:00:35.470> outselling<00:00:36.240> know

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you're happy outselling know

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you're happy outselling know like<00:00:36.950> you<00:00:37.270> really<00:00:37.510> wanna<00:00:37.750> bury<00:00:38.170> this

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like you really wanna bury this

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like you really wanna bury this guy

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guy

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guy how<00:00:39.840> will<00:00:40.270> enter<00:00:40.510> game<00:00:40.770> theory<00:00:41.230> if<00:00:41.670> we

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how will enter game theory if we

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how will enter game theory if we suppose<00:00:42.230> bow<00:00:42.390> shop<00:00:42.790> for<00:00:42.910> selling

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suppose bow shop for selling

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suppose bow shop for selling their<00:00:43.380> wares<00:00:43.580> for

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their wares for

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their wares for equal<00:00:44.380> prices<00:00:45.210> there<00:00:46.570> are<00:00:46.650> a<00:00:46.710> few

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equal prices there are a few

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equal prices there are a few ways

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ways

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ways this<00:00:47.840> game<00:00:48.110> could<00:00:48.250> go<00:00:48.800> possibility

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this game could go possibility

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this game could go possibility number<00:00:49.990> one

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number one

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number one use<00:00:51.480> grease<00:00:51.770> your<00:00:51.900> price<00:00:52.329> in<00:00:52.480> the

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use grease your price in the

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use grease your price in the other<00:00:52.720> guy<00:00:53.090> also<00:00:53.480> increases<00:00:54.140> his

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other guy also increases his

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other guy also increases his price<00:00:54.739> and<00:00:54.860> while<00:00:55.180> that's<00:00:55.390> a<00:00:55.420> las<00:00:55.760> not

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price and while that's a las not

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price and while that's a las not change<00:00:56.390> in<00:00:56.570> market<00:00:56.900> share

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change in market share

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change in market share possibility<00:00:58.239> number<00:00:58.380> two<00:00:59.000> you

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possibility number two you

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possibility number two you increase<00:00:59.800> your<00:00:59.970> price<00:01:00.510> and<00:01:00.750> the

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increase your price and the

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increase your price and the other<00:01:00.970> guy<00:01:01.100> decreases<00:01:02.070> his<00:01:02.250> price

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other guy decreases his price

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other guy decreases his price now<00:01:03.030> customers<00:01:03.520> get<00:01:03.829> the<00:01:03.920> same<00:01:04.250> thing

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now customers get the same thing

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now customers get the same thing for<00:01:04.839> cheaper<00:01:05.220> across<00:01:05.590> the<00:01:05.729> street

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for cheaper across the street

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for cheaper across the street value

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value

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value I<00:01:07.260> Cup

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I Cup

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I Cup possibility<00:01:10.690> number<00:01:10.820> three<00:01:11.420> you

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possibility number three you

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possibility number three you decrease<00:01:12.350> your<00:01:12.580> price:

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decrease your price:

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decrease your price: and<00:01:13.450> the<00:01:13.520> other<00:01:13.780> guy<00:01:14.240> increases<00:01:14.960> his

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and the other guy increases his

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and the other guy increases his price<00:01:15.490> in<00:01:15.650> while<00:01:15.860> the<00:01:15.960> exact

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price in while the exact

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price in while the exact opposite

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opposite

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opposite now<00:01:17.310> you're<00:01:17.600> gonna<00:01:17.830> clean<00:01:18.170> up<00:01:18.530> last

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now you're gonna clean up last

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now you're gonna clean up last possibility

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possibility

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possibility often<00:01:20.820> you<00:01:20.970> decrease<00:01:21.460> your<00:01:21.700> prices

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often you decrease your prices

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often you decrease your prices another<00:01:23.409> lot<00:01:23.950> the<00:01:24.610> using<00:01:25.030> game

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another lot the using game

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another lot the using game theory

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theory

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theory and<00:01:26.080> is<00:01:26.159> simplified<00:01:26.720> example<00:01:27.290> maybe

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and is simplified example maybe

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and is simplified example maybe a<00:01:27.750> little<00:01:27.940> common<00:01:28.370> sense

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a little common sense

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a little common sense you<00:01:29.140> determine<00:01:29.710> that<00:01:29.909> if<00:01:30.049> your

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you determine that if your

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you determine that if your competitor<00:01:30.820> raises<00:01:31.460> his<00:01:31.619> prices<00:01:31.680> in

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competitor raises his prices in

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competitor raises his prices in you<00:01:32.420> lower<00:01:32.830> your<00:01:33.180> risk

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you lower your risk

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you lower your risk will<00:01:33.920> be<00:01:34.049> done<00:01:34.350> and<00:01:34.479> dusted

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will be done and dusted

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will be done and dusted more<00:01:35.520> emails<00:01:35.820> with<00:01:35.990> him<00:01:36.380> okay<00:01:39.189> art<00:01:39.530> it

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more emails with him okay art it

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more emails with him okay art it works<00:01:40.250> in<00:01:40.350> economics<00:01:40.969> there<00:01:41.030> what

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works in economics there what

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works in economics there what about<00:01:41.399> robotics

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about robotics

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about robotics oh<00:01:42.729> yeah<00:01:43.140> well<00:01:43.539> won't<00:01:43.759> be<00:01:43.890> long

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oh yeah well won't be long

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oh yeah well won't be long before<00:01:44.210> the<00:01:44.520> uprising<00:01:45.250> wilshire

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before the uprising wilshire

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before the uprising wilshire robot<00:01:46.470> to<00:01:46.570> get<00:01:46.759> more<00:01:47.000> and<00:01:47.060> more

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robot to get more and more

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robot to get more and more lifelike<00:01:47.890> how's<00:01:48.220> your<00:01:48.439> reading<00:01:48.810> I'm

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lifelike how's your reading I'm

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lifelike how's your reading I'm currently

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currently

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currently it's<00:01:51.060> because<00:01:51.390> engineered<00:01:51.899> for

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it's because engineered for

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it's because engineered for programming<00:01:52.549> done<00:01:52.829> with<00:01:52.990> game

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programming done with game

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programming done with game theory<00:01:53.549> so<00:01:53.799> when<00:01:53.979> the<00:01:54.049> robots<00:01:54.500> common

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theory so when the robots common

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theory so when the robots common good<00:01:55.179> luck<00:01:55.369> to<00:01:55.490> you

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good luck to you

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good luck to you in<00:01:56.439> theory<00:01:56.689> is<00:01:56.789> using<00:01:57.310> philosophy<00:01:57.860> to

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in theory is using philosophy to

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in theory is using philosophy to help<00:01:58.259> explain<00:01:58.530> why<00:01:58.770> people<00:01:59.060> act<00:01:59.450> the

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help explain why people act the

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help explain why people act the way<00:01:59.610> they<00:01:59.789> do

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way they do

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way they do in<00:02:02.450> biology<00:02:02.980> to<00:02:03.130> get<00:02:03.290> a<00:02:03.330> handle<00:02:03.680> on

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in biology to get a handle on

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in biology to get a handle on where<00:02:04.050> the<00:02:04.190> eight<00:02:04.360> went<00:02:04.660> wrong<00:02:04.960> and

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where the eight went wrong and

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where the eight went wrong and evolved<00:02:05.550> into

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evolved into

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evolved into us<00:02:06.760> but<00:02:07.250> and<00:02:09.450> an<00:02:09.540> israeli<00:02:09.960> in<00:02:10.060> other

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us but and an israeli in other

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us but and an israeli in other fields

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fields

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fields now<00:02:11.940> so<00:02:12.090> we<00:02:12.220> welcome<00:02:12.570> game<00:02:12.800> theory

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now so we welcome game theory

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now so we welcome game theory with<00:02:13.660> open<00:02:13.960> arms

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with open arms

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with open arms just<00:02:14.990> don't<00:02:15.080> do<00:02:15.220> the<00:02:15.360> same<00:02:15.590> for<00:02:15.800> the

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just don't do the same for the

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just don't do the same for the robots

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robots

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robots wanted<00:02:24.130> the<00:02:24.240> ball<00:02:24.370> flow<00:02:24.680> sale<00:02:25.060> was

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wanted the ball flow sale was

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wanted the ball flow sale was son<00:02:25.730> as<00:02:25.880> he<00:02:26.000> left<00:02:26.280> for<00:02:26.520> school

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son as he left for school

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son as he left for school by<00:02:28.000> Sun<00:02:28.880> a<00:02:30.140> bad<00:02:30.560> job<00:02:30.850> but<00:02:30.970> if<00:02:31.040> you

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by Sun a bad job but if you

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by Sun a bad job but if you survived<00:02:31.670> how<00:02:31.890> bout<00:02:32.110> clicking<00:02:32.500> the

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survived how bout clicking the

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survived how bout clicking the subscribe<00:02:32.890> button<00:02:33.460> below

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subscribe button below

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subscribe button below and<00:02:34.760> if<00:02:34.830> you're<00:02:34.930> looking<00:02:35.250> for<00:02:35.340> more

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and if you're looking for more

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and if you're looking for more jobs<00:02:35.710> from<00:02:35.960> yours<00:02:36.420> truly<00:02:36.540> why<00:02:36.950> not

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jobs from yours truly why not

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jobs from yours truly why not check<00:02:37.340> out<00:02:37.600> our<00:02:37.700> website<00:02:38.000> at<00:02:38.290> every

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check out our website at every

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check out our website at every day<00:02:38.670> baby<00:02:39.000> shmup<00:02:39.460> dot<00:02:39.720> com

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day baby shmup dot com

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day baby shmup dot com if<00:02:40.580> you<00:02:40.660> want<00:02:40.830> to<00:02:40.890> get<00:02:40.950> updates<00:02:41.440> on

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if you want to get updates on

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if you want to get updates on what's<00:02:41.820> new<00:02:42.050> well<00:02:42.280> check<00:02:42.600> us<00:02:42.710> out<00:02:42.950> on

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what's new well check us out on

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what's new well check us out on Facebook<00:02:43.530> and<00:02:43.660> Twitter<00:02:43.910> to

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Facebook and Twitter to

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Facebook and Twitter to ok

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ok

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ok home

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home

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home please<00:02:50.120> check<00:02:50.350> our<00:02:50.480> facebook<00:02:52.030> the