Game Theory Explained

Prof. Aumann recalls his cited works in The '05 Economics Nobel Prize, and sings us a song describing the future of the field.

Prof. Aumann shares his take on Israeli Military Strategy, the study of knots and his simple philosophy in life: "If I want to do something, I do it."

Professor Maitreesh Ghatak shares his views on Incentives in Bribery and corruption.

Professor Maitreesh Ghatak shares his insights on Joint Liability in microcredit and microfinance, and gives a basic introduction to the problem of bribery.

Dr. Robert Simon shares his take on Game Theory behind politics, social institutions, dictatorships and God.

Dr. Robert Simon shares his views on the Banach-Tarski Paradox, Myopic Equilibria and Computational applications of Game Theory.

Dr. Robert Simon discusses his three favourite types of non-zero sum games - Stochastic Games, Repeated Games and Bayesian Games.

Prof. Ratul Lahkar talks about Social Equilibrium Problem and significance of social elements in evolutionary game theory.

Professor Ratul Lahkar shares his insights on a particular evolutionary Game Theory game known as War of Attrition.

Prof. Ratul Lahkar talks about the differences between classical and evolutionary Game Theory.

Professor Debasis Mishra talks about ascending and descending price auctions along with vickrey auctions.

Professor Debasis Mishra gives us greater insight into matching theory by describing the two facets- Gale-Shapley and TTC.

Professor Debasis Mishra talks about the Gale-Shapley Deferred Acceptance Algorithm and Matching Theory.

In this episode, professor parikshit Ghosh talks about auction theory, its types and advantages.

Professor Parikshit Ghosh talks about cheap talk games, signalling games and moral limits of markets.

Professor Parikshit Ghosh gives an insight into behavioural economics, oligopolies and the Nash Bargaining Concept.

This week we conclude the discussion with professor Arunava Sen and talk about voting design, social choice theory and division of inheritance.

In this week’s episode, we continue the discussion with professor Arunava Sen on Auction Theory, The judgment of King Solomon, and games with private information.

Professor Arunava Sen joins us and talks about the history of Game Theory, an introduction to its application in voting and his area of expertise - mechanism design.

We introduce extensive form games and discuss how to play a game where the strength of other players is uncertain.

We talk about maxmin and minmax strategies, zero sum games, intuition and a correlated equilibrium system.

Here, we talk about iterative removal of dominated strategies to help us predict possible outcomes of games.

This weeks episode applies theoretical concepts into an actual sport, and tries to analyse the best strategies from the perspectives of goalies and kickers during penalty kicks.

In this episode we explore Pareto optimality, how to bet on outcomes and when is having no strategy, the best strategy.

In this episode we explore the traditional Keynes Beauty Contest Game and the presence of strictly and weakly dominant and dominated strategies.

This episode talks about the basic building block of game theory- Nash Equilibrium, and it’s application in the stock market.

In this episode, I go over the basics of Game Theory and apply these principles to a game known as ‘The Prisoners Dilemma’.