David John Munro’s Post

One of the best vids I have seen on Game Theory till date!! This video explains how mathematical systems form morals and values in evolutionary game theory based environments (aka WarGames). The values which form the best strategies are: 1. Be nice: Always cooperate first regardless of the higher individual payoff of not cooperating 2. But don’t be a pushover: Retaliate when others are not nice to you 3. Be forgiving: Retaliate but don’t hold grudges 4. Be clear: Don’t have complicated rules and strategies which are not clear to others https://lnkd.in/e5BTwV_h

https://lnkd.in/eXkjkJs8 'Watch the video, it's worth the wait👍' Game Theory: Decoding the Science of Strategic Play. This is a classic example of a prisoner's dilemma, a situation where cooperation seems rational, but self-interest can lead to a worse outcome for everyone Game theory uses mathematical models and frameworks to analyze these interactions. These models represent the players, their possible choices (strategies), and the rewards or outcomes (payoffs) they receive based on their decisions and the decisions of others. This is just a brief introduction to the fascinating world of game theory. Whether you're interested in understanding human behavior, designing better systems, or simply enjoying a mental challenge, game theory offers a powerful lens to analyze the strategic interactions that play out in everyday life and beyond.

Game Theory, The Prisoners Dilemma, & Cooperation As many look to enact their 2024 strategies I found a video which might be useful as it relates to your relationships. This is an in-depth look at the prisoners dilemma and game theory. It is a wonderful deep dive which goes over the math/science behind winning and makes it extremely digestible. The big takeaways were the characteristics that all the “winning strategies” shared: 1.      Be Nice – Don’t be the first to attack 2.      Be Forgiving – Don’t hold a grudge 3.      Be Retaliatory – Don’t be a pushover 4.      Be Clear – Make sure people know what to expect from you and your actions If you have a minute, watch the video and evaluate how you can incorporate the lessons into your own personal and professional strategies!

There is wisdom in mathematics. „Be nice, be forgiving, but don‘t be a pushover!“ Game theory, the prisoners dilemma and the Cold War. How different strategies lead to success. In tune with my recent 42nd birthday: What the prisoners dilemma reveals about life, the universe and everything.

Col Kunwar Varun Singh Tanwar, VSM thanks for sharing this video. I deliberately held off from commenting on it till I had seen the video in its entirety and framed my thoughts. My take on the wonderful life-lessons from Game Theory ... It definitely pays to be nice in the long run, and amongst people with whom one will repeatedly and regularly interact with, yet one should retain the ability to show people your tough side should the situation so demand. Be adaptive and calibrate your responses and actions to the need of the hour! Also, once you've shown your claws and achieved the desired results, be gracious enough to sheath them once again and give people a second chance, for you might have made a difference in changing a person...positively speaking! Find people who think and act similarly, increase your interaction with them and make lasting partnerships if you want to win against the "defectors" and self-centred, selfish entities that you will face throughout your life. As you form these partnerships you will attract even more similar-minded people who will facilitate and complement you in your endeavours. You might start off small, but with the right kind of people by your side, you will eventually win over the world! 🙂

Contrary to what the world makes you believe, being just nasty doesn't help. i) Be nice ii) Be cooperative iii) But don't be a pushover. This game theory presentation illustrates it so well :)

Veritasium : Game Theory This mind blowing analysis of Game Theory by Veritasium, shows how the theory applies to -everything- around us. When you reflect on it, its almost philosophical. A few take aways: 1. Don't be short sighted The Prisoner's Dilemma plays out completely differently in a single event, compared to on-going. Decisions are seldom made isolation, they are highly contextual on what has happened before. Consider the longer term game 2. Stronger together (through cooperation) Applying the ruthless win | lose approach of a single game of Prisoners Dilemma creates the least rewarding outcome in the long run. Cooperation where there is ongoing interactions is always the better strategy. 3. Forgive but dont be a push over Problems and greed will happen. Don't be a push over but do forgive. When wronged swiftly rebuke (tit for tat) but then when behaviour changes, forgive and break the losing pattern. 4. Life is not zero sum Success doesn't hinge on whether someone else holds more advantage in your current circumstances. It's not merely about victory or defeat. If we adopt the perspective that we're all evolving and progressing, then we can all achieve success. How does Game Theory play out in your world? Thanks Mike for sharing the video! Vivek, I cant talk about GT without flashbacks to your classes :)

I have shared many explainers on "Game Theory" in the past. But this video takes to the very latest of its understanding as of today. If you were already aware of this idea, then this video will surely deepen and sharpen your understanding on Game Theory. To spark some interest in this topic for others who are hearing about this for the #first time, here is what game theory is all about... Imagine you and a friend have a big box of chocolates, but you both want the most Chocolates for yourselves. Game theory is like figuring out the best way to play a game where you have to decide how to share the Chocolate with your friend so that you get as much as possible without making them mad. It's like thinking really hard about what your friend might do and how you can make the best choice for yourself too. So in a general sense, its about how #Cooperation and #Trust works between rational human beings. Always inspired by content of Veritasium, thanks to Prof. Robert Axelrod & Prof. Steven Strogatz and Derek Muller for the compilation of this knowledge. The video description has all the references if anyone wishes to dive deeper. #GameTheory #Cooperation #Trust https://lnkd.in/gvXRYXFA

I've always enjoyed the concept of game theory. What I really like about this particular explanation from Veritasium are two main things - Firstly, over the long term (i.e. many games), the dominant strategy is to be collaborative. Secondly, the primary qualities of these dominant strategies are: 1) assuming the best in people, but... 2) not being taken for granted and applying suitable retribution 3) being forgiving (something I could do better at) 4) being clear and minimising miscommunications (another thing I could be better at) Personally, while I've been working along these kinds of lines for a while now and found that it's been quite effective, it's great to have a foundational scientific basis for it. It's also in keeping with the great work that Simon Sinek does and in particular his book Infinite Games, which has been hugely influential on me. I'm not usually much for posting more philosophical things like this (there are people much better at it than me), but this one really resonated personally and I was compelled to share. 😊 Keen to hear about your experiences in the chat! https://lnkd.in/g-PHnnpQ

Primacy of the Free Market System is Scientifically Validated: Game theory provides objective proof that a free market system provides the greatest benefit to society. Using computer simulation of a population of "players", the best overall outcome is achieved when each player seeks his/her own self-interest, which guided by Adam Smith's "Invisible Hand" is directed towards the benefit of others. In addition to this theoretical proof, history empirically proves no other system has lifted more people out of poverty and benefited humanity than the natural law of the free market system. Free minds and free markets for a better world. #freemarkets #entreprenuer #engineering https://lnkd.in/gFsNkVu2