Game Theory: The Science of Decision-Making

Game Theory: The Science of Decision-Making

Assessment

Interactive Video

Science, Business

11th Grade - University

Hard

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The video introduces game theory, a mathematical framework for analyzing social interactions. It covers both competitive and cooperative game theory, explaining key concepts like the Prisoner's Dilemma and Nash equilibrium. The video also delves into the Shapley value, a method for fairly dividing resources in cooperative games, using examples to illustrate its application.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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