João Victor Franco Fernandes’ Post

Hi Everyone👋! I recently stumbled upon a fascinating YouTube video by Veritasium that delves deep into the intriguing world of game theory and its profound implications on life. I found it very intriguing and thought it's a must-share! 🔍 Key Takeaways: 1. Most of life is not zero-sum. 2. Cultivating kindness and forgiveness yields positive outcomes in the long run. 🎥 Video Title: "What Game Theory Reveals About Life, The Universe, and Everything" 🔗 Link: https://lnkd.in/dHJrdV9W I highly recommend giving it a view. #GameTheory #LifeStrategies #Insights #FascinatingDiscoveries

Be nice, forgiving, provocative, and clear. In the short run, environment/game dicatates the player but in the long run, player dictates the environment/game. Great insights from game theory.

Very good explanation of how game theory works and what is a winning strategy https://lnkd.in/e_E5C46s

One of the best videos on Game Theory 1. Be Nice: don't initiate wrong actions 2. Be forgiven: Break the chains of negativity 3. Don't be a pushover: let people know that offending you has consequences https://lnkd.in/dcppzEqz

Another way to look at Game Theory: "All stable processes we shall predict, All unstable processes we shall control" - John van Neumann #GameTheory #DecisionTheory #BusinessStrategy

What we can learn from game theory...

Came across this wonderful piece on Game Theory. It suggests that employing a Tit-for-Tat strategy, with some degree of forgiveness for faults, leads to the best results for oneself. But I guess this stays quite theoretical till you mix history, emotions and individual interests into the decision making. Nonetheless, we gain some high-level guidance from these theories. https://lnkd.in/gkUcpcFE

Here's an important video to watch, to understand life, strategically. You might have heard of what prisoner's dilemma is, in game theory... but life is a set of continuous, interdependent prisoner's dilemmata. The video gives you 3 basic thumbrules to build a reaction system and potentially how the world might react to each outcome... My biggest takeaways are - Simple clear communication of a simple model outpaces complex solutions - “In the short term it is often the environment that shapes the player… but in the long run it is the players that shape the environment.” Words to live by.

How can conflicts be resolved via game theory? A simple life strategy can lead to great results https://lnkd.in/df_vhUZT

What Game Theory Reveals About Life, The Universe, and Everything by Veritasium 💯 "This is a video about the most famous problem in game theory. Problems of this sort pop up everywhere, from nations locked in conflict to roommates doing the dishes. Even game shows have been based around this concept. Figuring out the best strategy can mean the difference between life and death, war and peace, flourishing and the destruction of the planet. And in the mechanics of this game, we may find the very source one of the most unexpected phenomena in nature: cooperation." https://lnkd.in/d47749ar