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Once you understand game theory, you understand the world.

by Veritasium

Game theory is something I find very fascinating in general, but seeing such a simple concept and a game apply so incredibly well to both macro- and micro-behaviors of…

My take on this video

Game theory is something I find very fascinating in general, but seeing such a simple concept and a game apply so incredibly well to both macro- and micro-behaviors of humanity is just..? fascinating?

This video really puts into perspective how simple, but still how complex creatures we are, seemingly.

And more importantly, it's like a tiny guide about the "best" strategy for "life".

Interestingly tho, it shows a major distinction about how people perceive winning. To me, it looked like some participants went for maximizing the floor, ie the worst case scenario. Some went for maximizing the ceiling - the best case scenario. Some, on the other hand, maximized the median - average case scenario. I'm not gonna spoil you about which one won, but it really outlines a relatively big "issue" when trying to optimize your strategy - you don't know which part the other party is maximizing for.

The video also quickly mentions the zero-sum topic, as a throwaway thing, which I believe is a very nice topic to know consciously, not just subconsciously. Worth looking up.

- aleksi

Published by Veritasium on YouTube.

Watch it on YouTube

Nothing AI-generated in this one.