Game theory models decision-making - Deepstash

Game theory models decision-making

Game theory analyzes strategic interactions in economics, politics, and biology, offering frameworks for optimizing outcomes in complex, competitive systems.

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Game Theory

Game Theory

Game Theory reveals profound insights about strategic interactions:

  • In zero-sum games, maximally exploitative strategies are optimal
  • In repeated interactions, cooperative strategies often outperform aggressive ones
  • The Tit for Tat strategy (cooperate fi...

Game Theory

Game Theory

  • In 1994 Nash, Selten and Harsanyi became Economics Nobel Laureates for their contributions to economic game theory.
  • Non-cooperative games are those where participants make non-binding agreements. They base their decisions on how they think the other participants will behav...

Mental Models: Examples

A mental model is an explanation of how something works. They are beliefs, worldviews or frameworks of thinking. You carry a certain kind of thinking in you to arrive at a solution to a problem.

Some examples:

  • Demand and Supply: to understand the economy
  • Game Theory: ...

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