This game theory video explains how to solve sequential moves games using backward induction. I use the game tree / extensive form.
Пікірлер: 84
@Dgaf00110 ай бұрын
Amazing! You just explained in less than 10 minutes what my professor could not in 1 month! Thank you!
@jasonjackson4555 Жыл бұрын
Great explanation. Game theory was one of my favorite subjects as an econ undergrad at UCLA. I wish more people had this basic understanding and saw how it drives decision-making in business, international conflicts and other areas.
@michellelim36763 ай бұрын
I watched this and the other video explaining the nash equilibrium... it was so clear and easy to understand this complicated games thing after me reading my textbooks over and over. Thank you so much!!! You are a legend
@jasminhamzic56173 жыл бұрын
Ashley. You got an extraordinary talent to explain topics from a student perspective. Last year you explained me the classical Game Theory, in a new module this semester we tackled backwards induction and I saw you again. And again great work! Thanks a lot! You are great! Best Regards from Germany. Jasmin (I'm male).
@Data_Devil_2 жыл бұрын
why ur name is jasmin it's a girl name dude
@jasminhamzic56172 жыл бұрын
@@Data_Devil_ In Bosnia, Croatia and Serbia. Jasmin is a male name and the female version is Jasmina. Like Andrea in Italy.
@josephsmyth832 Жыл бұрын
@@jasminhamzic5617LMAO. It’s ironic that the comments that were made about your name was based on the use of game theory and presumption.
@PunmasterSTP Жыл бұрын
You're a wizard Ashley!
@dbrown41264 ай бұрын
Excellent teacher, you are!!! You took a complex model, for those not used to these ideas, and explained it efficiently, simply, and expertly! Thank you.!
@maliamungubenard18962 жыл бұрын
Who else hits the like button even before watching? Your the best tutor ever
@raskand1977 Жыл бұрын
Hi Ashley, I have really appreciated your videos this weekend. I am sitting here reading all the articles out there, but you just totally nail it in eight and half minutes. Thank you so much!
@user-qt6vy7qk3v Жыл бұрын
Thank you so much Ashely. I watch too many videos in this subject, but I did not learned. After watching this video, I learned it in 5 minutes. You are awesome!
@ittisaftamim2 жыл бұрын
Finally found a video to understand Subgame perfect Nash Equilibrium. Must see for anyone who is having trouble understanding SPNE. Thanks a lot, Ashley :)
@matthewhecht65802 жыл бұрын
It hard to express my word of thanks in writing to you. You make game theory understandable.
@e021002 жыл бұрын
Hi Ashley! Thank you so much for uploading these for all of us! Im in a managerial economics course for my MBA and I have sent fellow students in the class to watch your videos (the best ones on KZbin imo). I was wondering if you happened to have or could upload a simpler one for them with two players. Some are having difficulty understanding the two player game trees and this may be a bit overwhelming even though you've color coded and explain it perfectly!! Again, tysm!!!!
@malenawong16710 ай бұрын
Love the harry potter analogy! made it way easier to relate!
@ahooramazda66272 жыл бұрын
Dead simple and practical explanations as always. Thank you!
@Alibaba4422514 күн бұрын
very good explanation and very easy to understand. thank you
@kennythemasseuse11 ай бұрын
Thanks, this really helped as its a quick and immediate dive into backward induction
@attuneflows35392 жыл бұрын
i just want to thank you so much for saving my grades, truly
@nandhitaputri70748 ай бұрын
i am preparing my exam rn and this video help a lot!! thank you, Ashley
@EdvinPalmer Жыл бұрын
Excellent explanation. Thank you so much!
@stephenponin11652 жыл бұрын
best presentation love it saved my day
@shannongovers Жыл бұрын
Great video, short to the point and explained really well!
@akankshabassi24282 жыл бұрын
Thanks by far the best video for the topic
@marioshamhon28099 ай бұрын
You are awesome thank you for helping me understand this before my final I love the harry potter example by the way
@owencaulfield Жыл бұрын
This video truly saved me
@muzombo3334 Жыл бұрын
Thank you for your video I will make my examen tomorrow I hope it's going to help me !!
@GradStudentTutorials Жыл бұрын
Amazing video! Thank you so much. Your explanations are very clear.
@a.b.c.d.e...15 күн бұрын
The second example shouldve containted a tie to express the fact that sometimes there are multiple backward induction solutions.
@SamEbby Жыл бұрын
this was JUST PERFECT! thank you I needed to know this for my final in game theory this week I was struggling but THIS video finally made sense to me the internet is wonderful thank you for making this
@shrawanipal4 ай бұрын
This is amazing, thank you!
@basicbot7349 Жыл бұрын
wow, you made this so easy
@matania21 Жыл бұрын
Very helpful ! Thanks for the very clear lecture
@Yong.q Жыл бұрын
Good explanation!
@graffitiwritersllc Жыл бұрын
thank you again Dr. Hodgson
@muhammadkhairiaimran62185 ай бұрын
great video, my only question is how it the values of the payoff being determined? Unless it's totally random for this learning video.
@TatianaJaramillo-he8nt4 ай бұрын
Great video thank you so much
@dhekrabensassi17692 жыл бұрын
Thank you for this clear explanation. Can we use backward induction to resolve Stackelberg in 3 players extensive form game?
@AshleyHodgson2 жыл бұрын
Yes. Backwards induction is the way to approach Stackleberg (Quantity Leadership) Oligopolies, no matter how many firms. kzbin.info/www/bejne/eKKkp4SNfs6fp80&ab_channel=AshleyHodgson
@dhekrabensassi17692 жыл бұрын
@Ashley Hodgson thank you. Have you an example in extensive form game with 3 players? I mean a tree like the exemple of Ginny, and Voldemet and Harry where we want to find stackelberg equilibrium. If you have an exemple I will be grateful if you share it with me.
@maliamungubenard18962 жыл бұрын
May God bless you abundantly
@SosoKoko215 ай бұрын
Thanks a lot, this is really great :)
@danielameti7221 Жыл бұрын
Brilliant explanation!
@geraudeakakpo3544 Жыл бұрын
Thank you so much for this good explanation!
@angelinelyn81622 жыл бұрын
i am so happy thank you so much...this was so easy to understand
@ahmedbassyounyshehab42582 жыл бұрын
thank you , finally understand tree game
@amalzahra57810 ай бұрын
This is so great!!!
@wiktorias58 Жыл бұрын
Great explanation, thank you!
@dumimabhena3460 Жыл бұрын
This was very helpful. Thank you!
@dfdfgdfkih Жыл бұрын
This video is really helpful. Thanks Ashley
@poladyusifli2959 Жыл бұрын
Great video! Thank u
@_hridhima2 жыл бұрын
This was so so amazing. Really helped me. Thanku!
@JonSnow-qj5pl2 жыл бұрын
Is final outcome of backward induction in Nash equilibrium . If yes , is it sub game perfect nash equilibrium too ? Ur writing is beautiful btw :))
@Audry_budo3 ай бұрын
Thank you!😭🫶🏾
@user-ry8nt3td4c2 жыл бұрын
Very well explained. Can spmeone recommend video where you have this decision tree transformed into matrix? Like big table...
@rakibulislamarafat69702 жыл бұрын
This is amazing!!!!. Thank you!
@Luckygirlintheworld Жыл бұрын
Thank you soooo much for saving my brain😂😂😂😂
@andersonanjo53882 жыл бұрын
Very very helpful. Thank you.
@akhilchanana88242 жыл бұрын
Amazing, thankyou for your help !
@MohammedAli-ue7is Жыл бұрын
Thank you
@wahyuwicaksono4730 Жыл бұрын
how we make point for every move. thanks.
@haktat2 жыл бұрын
Very helpful. thank you
@experiencelifelittleone Жыл бұрын
thank you! So helpful!
@doingmything93 Жыл бұрын
Awesome!
@muhammadnabeelrehan13247 ай бұрын
Thank youuuu
@alanl58322 жыл бұрын
Clear, thank you
@timacorn25364 ай бұрын
thank you sm
@oghenefejiroagbi14692 жыл бұрын
What happens when there is indifference between one of the two terminal histories .?
@deekshanshvardhan4976 Жыл бұрын
is this nash equilibrium we are getting?
@kirillholt23292 жыл бұрын
What if at the last fork player 2 has two equal outcomes ? Let's say (... , 0) (... , 5) and (... , 5) you would crosso out one with 0 but then what ?
@NILESHKUMAR-vg6gl2 жыл бұрын
What if ? The end node player is indifferent between two strategies..
@julianauribecarmona3078 Жыл бұрын
Señora la amo
@GauravDattJoshi9 ай бұрын
life saver
@sanjushrestha13462 жыл бұрын
Thank you!
@user-th4hf5fz3z9 ай бұрын
Please I need books about sequential game please
@shlomozerbib3883 жыл бұрын
I m wondering if the results would be the same if the game order between the players is changed...
@AshleyHodgson3 жыл бұрын
No, it would not necessarily be the same.
@marodimbawala47232 ай бұрын
Thanks I get u madam Love youuu
@Grey_mind2 жыл бұрын
I love you
@josephsmyth832 Жыл бұрын
So essentially game theory has nothing to do with right conduct since it’s used as progressive discipline at work and therefore it lacks any truth and justification as it’s not based on material facts and direct evidence, correct? This also is used in law.
@AshleyHodgson Жыл бұрын
Game theory is a theoretical framework, but tons of evidence points to the fact that it works well to explain many biological and economic phenomena. That is not to say that it "always" applies. But in cases where empirical evidence points to game theory, it performs well at predicting a variety of things.
@hyuming25778 ай бұрын
One more note from this video guys -- > she loves Harry Potter.😝😝