Game Theory | Prisoner's Dilemma | Nash Equilibrium | by Vidhi Kalra

The video talks about one of the most interesting topics under the study of Economics which is 'Game Theory'. I shall explain you in brief what exactly is the concept of Game Theory and its very famous example 'Prisoner's Dilemma' as well and a little about the 'Nash Equilibrium' too. So, Good luck!
.
.
Follow me on Instagram at : 5_Minute_Economics
.
.
#GameTheory #PrisonersDilemma #NashEquilibrium #Economics #BriefEconomics #Summary #EasyEconomics #SimpleEconomics #Class12thEconomics #GradLevelEconomics #UgcNetPrep #HelpfulEconomics #GraduationEconomics #PostGraduationEconomics #EasyEconomics #TopicsOfEconomics #ConceptsOfEconomics #NetPrep #VidhiKalra #5MinuteEconomics #5MinEconomics #5MinEco #5MinuteEconomicsByVidhiKalra #FastLearningEconomics #EasyNetPrep #Class11thEconomics #BALevelEconomics #BoardLevelEconomics #EconomicsMadeEasier #EconomicsShortVideo #NetGuidance #EasyNetPrep #EconomicsTheorem #EconomicsMadeEasier #EconomicsShortVideo #BcomLevelEconomics #BBAEconomics #UPSCPreparation #ImpEcoTopics
#NetGuidance #EasyNetPrep #EconomicsTheorem #EconomicsMadeEasier #EconomicsShortVideo #BcomLevelEconomics #BBAEconomics #UPSCPreparation #ImpEcoTopics #SetPrep #SetExamination #SetExaminationGuide #GrowthEconomis #Ecotrics #MacroEconomics #MicroEconomics

[@sharafatullah9666]

I haven’t been able to understand the topic, although, I've tried for quite some time. Such an amazingly comprehensible video with very simple language and an interesting example. Thank you for the help!

[@5MinuteEconomics]

I’m so happy to know! Keep watching ❤️

[@ronitguha1113]

Saved me ! Watched it 30 mins prior to my end term 😝

[@5MinuteEconomics]

Hahah :P That's great :D

[@rahulbhatia5642]

Are you an MBA student?

[@likithasudhir5576]

I was doing same😅😅

[@AbhishekKumar50]

Nhi degi

[@raghavvijjan7078]

Same bhai

[@parth4975]

This is extremely helpful ....im glad i stumbled upon this video....

[@abcd51849]

Excellent explanation...I am also working in the area of Game Theory Application in Pricing

[@Vicky-bz1kf]

I came in search of Prisoners Dilemma but ended up finding a diamond 😭🫶🏻

[@madihasayed4978]

My concept is clear now. Thanks!

[@williamjayaraj9257]

Thanks for explaining this theory by John Nash. Easy to understand this new theory in Economics without studying that subject.

[@BSwaminathan]

When drug selling is considered a minor crime, then that's not a game theory anymore. But wrapping PD within 5 mins is a tough job that only a few can master it so eloquently. Brings me back the memories of my college days where we didn't play even one PD game.

[@enlightedraps3237]

A beautiful mind - John Nash .. one of my favourite movie.

[@Mubashirhassan-mf3qk]

John deserve ❤

[@deeptidangat]

Watched it a night before my exam, and I can definitely write a 7.5 marks answer now. Thanks!

[@5MinuteEconomics]

So happy to know! :)

[@dizeedee123]

Really enjoyed your illustration of the prisoners dilemma using the pay off matrix. Very helpful too that you emphasized that the participants/players are considered rational

[@5MinuteEconomics]

Thank you so much for your feedback ☺️

[@GodGurdjieff]

Wooooah so nice finally something worth investing time in, somethingwhich will help me in real life

[@nehalpandit]

Wow , fantastic explanation for someone not having a background in economics.

[@mmmmm15753]

Just wowwwww!!! Thank you so much

[@aponmodekabirat1910]

Thanks so much for ma'am. Please is there difference between best strategy and dominant equilibrium?

[@raghavpratapsingh8477]

i understood it very clearly i love you

[@chaudharychaudhary6485]

Well, I didn't think that It was an economics topic. I am working on an artificial intelligence research model where I will be generating human faces that don't exist in this world. To improve the accuracy I have to use this nash equilibria strategy. I didn't know about this, so to come here. Thank you @Vidhi Kalra for making this wonderful video

[@5MinuteEconomics]

I’m glad it was useful to you 😊

[@Vladimir-ph8jk]

Derivatives is a mathematical concept but is used in a wide variety of subjects, Game Theory is an economic concept but can be used to help with AI research models.

[@karanc360]

Simple and concise explanation, thanks! 👌

[@5MinuteEconomics]

You’re welcome 😊☺️

[@krishpatel4694]

itna acha explain kiya ki , me appke pyaar me gir gaya😍😜

[@shashikumartotad6208]

Good morning it is nice class for understanding very easily

[@user-yz1zr8wp6i]

It is very helpful thank you very much sister 😃❤

[@geethasaranya2404]

Eye opener

[@Lpf-oz9sj]

شکریہ آپ کا بہت بہت 🦋✨

[@ShreyasMore-cu2fz]

vidhi ma'am is the best ❤

[@deveshagrawal5766]

Very fluently and simplistic way of explaining. Keep doing.

[@5MinuteEconomics]

So nice of you!

[@bhavyakumar4887]

Thats easy, thanks G

[@khangembamkumar7274]

I am greatest fan of you, Ma'am 🙏

[@ipranavprashant]

I am loving these videos, being an engineering student never thought I would've enjoyed econ so much😌

[@5MinuteEconomics]

Thank you so much :)

[@AmitKumar-pt7hb]

Ur beauty is overshadowing ur teaching skills...I tried very hard to notice that 😀btw nice lecture

[@5MinuteEconomics]

Hahaha 😝 Depends on how your pursue it! I try and keep a balance of both 😊

[@charithmarambage6343]

සිරාවටම තේරුණා ඈ.තෑම්ස් කෙම්ලේ.❤️😍

[@ShubhamSingh-ry1ck]

amazing!!!! really clear explanations!!!!!

[@5MinuteEconomics]

I’m glad to know! Thank you 😊 Keep watching!

[@unexpectedcrossover2430]

5 minutes of ths enlightened longevity of economics!!

[@5MinuteEconomics]

Haha! Thank you for your sweet words! :D

[@amruutapawar5855]

Very well explained! Thank you :)

[@5MinuteEconomics]

I’m glad you liked it ☺️

[@AppleOceanus]

Terrific exposition! If you're yearning for more, a book covering similar themes awaits. "Game Theory and the Pursuit of Algorithmic Fairness" by Jack Frostwell

[@E4ECO]

Loved this😘

[@varnikaagarwal6067]

Your way of teaching is great👍🏻🔥

[@5MinuteEconomics]

Thank you so much ❤️

[@miss_bhoi_1448]

Thank u so much mam😇... Best explanation in 5 minutes... 👍

[@5MinuteEconomics]

I’m glad to know that! ❤️

[@mohannad-tq7xq]

this vid is so underrated. honestly thank u soo much

[@5MinuteEconomics]

Thank you so much for your kind words! ☺️

[@sreegangagoring7061]

Thanks sissy...you did a great work for us thank you once again...

[@5MinuteEconomics]

You’re welcome 😊

[@bhnuc]

Frustrated by the boring lectures of my economic professor, i was here. And now i m thanking him for those boring lectures! 😇 Jokes apart, big respect for sharing your knowledge here. 👍

[@5MinuteEconomics]

Thank you so much for your sweet words! ❤️

[@hareeshahl7894]

How it is related to economics maam ?

[@rajasgupta6803]

It’s my 3rd attempt to understand. But still can’t take my eyes off you. You are a true beauty. I swear

[@5MinuteEconomics]

Hahaha! Good luck!

[@janvigambhir5285]

Thank you so much !!!! For explaining.

[@5MinuteEconomics]

Happy to help :D

[@verunpawase3601]

Learnt a new concept!! Would like to know your views on yield curve due to covid

[@5MinuteEconomics]

Oh that's great!! Surely I can make a video on it as well.

[@samy3674]

Great way to solve my dilemma in understanding basic economics is to watch your KZbin videos. Thank you!🙏🏼

[@5MinuteEconomics]

Arjun Sundar Haha that is so sweet of you ☺️ Thank you so much 😘

[@anilchougule7339]

Excellent

[@user-ce8xu1bs2j]

I slept watching your video...Thank you means alot

[@aseemtribhuvan]

Well explained .. not a economics student but could understand it !

[@5MinuteEconomics]

Glad to know! Thank you 😊

[@_anjali_prajapati_]

Better explanation in comparison to other channels 👍

[@5MinuteEconomics]

Thank you 😊

[@gyanendrasagar1571]

Wow ,such a lucid explanation .👌

[@5MinuteEconomics]

Thanks a lot 😊 Keep watching!

[@manvendrasinghkhanna.8507]

Beautifully explained by a beautiful teacher

[@5MinuteEconomics]

Thank you! 🙂

[@AbhinavRoy1]

Your decision should give you a better outcome than the other players, no matter what the other players choose.

[@sonujain1239]

Thanku so much for clearing my concept for this

[@5MinuteEconomics]

Glad it helped! :)

[@hsd287]

Ur explanation skills are incredible Vidhi 😊❤

[@5MinuteEconomics]

Glad you think so!

[@rahultomar6478]

Nice video for law and economic……….explained game theory so well🧠❤️‍🔥

[@5MinuteEconomics]

Thank you so much :)

[@vlalremruata8948]

Nice teaching. Great job. Please teach us any international trade theory🙏

[@5MinuteEconomics]

Thank you so much! Have already uploaded few videos on my channel. Do check them out! :)

[@devendrakhanolkar423]

Explained brilliantly 👍

[@5MinuteEconomics]

Thank you so much 😊

[@krishnasaketh9971]

Helped a lot for our semester exam. Thank you 💝

[@5MinuteEconomics]

Glad to know this :)

[@anujyakumari9604]

it helps me a lot ...thankuh so much for this information

[@5MinuteEconomics]

Glad to hear that! Keep watching! :)

[@karanjeet12344]

Helpful for me in my entrance! Thankyou ma'am

[@5MinuteEconomics]

You’re welcome 😊

[@digvijaysingh8297]

Osm 👌🏻

[@aryaaparida2540]

It was quite helpful...thank you

[@5MinuteEconomics]

Glad to hear that :)

[@jorrpatel238]

I had to watch this like 10 times, no explanation was good but I couldn't take my eyes off from teacher! ;)

[@5MinuteEconomics]

Hahaha!!!

[@tapandey6220]

Mam i have a question.which do you think is more interesting microeconomics or macroeconomics?

[@5MinuteEconomics]

It depends on your liking! For me it’s macroeconomics 🙈

[@vishalgaud8854]

Thanks Sister

[@sawanrai2061]

Which author's book do you recommend for Macro as well as Micro?

[@5MinuteEconomics]

HL Ahuja and ML Jhingan.

[@kartikeyabagla3570]

very well explained ...thank you

[@5MinuteEconomics]

Thank you so much :D

[@sajalmaji3944]

Thanks Ma'am it helped me in my Philosophy project

[@5MinuteEconomics]

Happy to know 😊

[@sauravbehl4429]

Thanks now I understand this concept.

[@5MinuteEconomics]

Glad to know! You’re welcome 😊

[@kunalrajput7395]

Thankyou mam ❤❤❤

[@bhuvneshwardwivedi3129]

Prisoners: thank you for the explanation . Now we will always deny no matter what.

[@5MinuteEconomics]

Haha well! Thank you 😊

[@pranjalshinde7805]

Can you make more video on game theory ?

[@gouravtiwari2848]

Thanks for your great explanation..🙏🏻🤍

[@5MinuteEconomics]

You’re welcome 😊

[@ashish835]

understood! thanks di

[@5MinuteEconomics]

Glad to know :D

[@mrdinesh6340]

Game theory is interesting but with you its extremely interesting 👌👌 Thx for nice explanation 🙏

[@5MinuteEconomics]

Hahaha 🙈 I’m glad I could help 😊

[@mrdinesh6340]

@@5MinuteEconomics keep going with high josh👍👍

[@5MinuteEconomics]

@@mrdinesh6340 Yes ☺️

[@adnanbhatti9191]

Beauty attracts eyes but personality & honesty captured hearts 💙....🌹

[@5MinuteEconomics]

Haha thank you 😊

[@Economist276]

Explain the free riding and repeated interactions?,mam can you pls give answer

[@rishabhjha5225]

You teach really good 🔥

[@5MinuteEconomics]

Thanks a lot 😊

[@navyapriya470]

Thank u sis Cn u prepare video explaining dominat startegy also

[@5MinuteEconomics]

You’re welcome 😊 Will surely try doing so!

[@rishabhgupta5334]

Thanks mam for this precious information

[@5MinuteEconomics]

You're welcome :D

[@kashif7677]

I'm failing tomorrow but at least I found the love of my life

[@ashirbadbehera1236]

Thanks mam for clear my doubt

[@5MinuteEconomics]

Anytime :)

[@shashankchy124]

SUPERB EXPERIENCE....THANKS A LOT....AND FULL SUPPORT TO YOUR CHANNEL 🥰🥰

[@5MinuteEconomics]

Thank you so much :)

[@shashankchy124]

@@5MinuteEconomics wlcm ❤

[@DARSHUFF]

Lovely mam ❤

[@Bunny0337]

Do you teach for ignou courses?

[@bijaysahoo7486]

Good !

[@5MinuteEconomics]

Thank you :)

[@uttkarsh_sanjay]

i am a cfa candidate and was stuck with oligopoly since four hours and your vedio acted like a miracle

[@5MinuteEconomics]

So happy to know :D

[@simranranga6340]

Thank you so much 😇

[@5MinuteEconomics]

You’re welcome 😊

[@KalyanKariniPandey]

Thanks Di 😃👍

[@5MinuteEconomics]

You're welcome :)

[@sushmanaresh9633]

Small, comprehensive and meaningful

[@5MinuteEconomics]

Thank you so much ❤️

[@pallabidash6469]

Thank you so much ma'am 🤗🤗🤗🤗

[@5MinuteEconomics]

You're welcome :D

[@dayasagarbehara3801]

Thank you so much 😀😀😀

[@5MinuteEconomics]

My pleasure :)

[@satyammandloi4040]

Beautiful explanation 😍

[@5MinuteEconomics]

Thanks a lot 😊

[@captainyt1177]

Economic by Samuelson in one of best in economics book

[@vishwanathshetiya3095]

Thank you it was easy after this

[@5MinuteEconomics]

Glad to know! :)

[@qasimkhokhar5265]

Game theory with payoff matrix?

[@rjbeatsofficial1158]

Thank you❤ maam I'm gonna score out of out marks in this question

[@RahulKumar-pw5pn]

Very good explained, ma'am

[@5MinuteEconomics]

Thank you :)

[@ujjwalkumar2468]

really nice video !

[@5MinuteEconomics]

Thank you so much :)

[@TheVagheesan]

Saved lot of time 😃. You explanation of prisoners dilemma concept is crisp All the best

[@5MinuteEconomics]

Glad to know! Thank you so much 😊