There is also a very cool online game that helps to understand prisoner's dilemma. ncase.me/trust/
@pratikjain90186 жыл бұрын
Nicky case I have played that
@rebecaa2925 жыл бұрын
Really nice game. Thank you!
@Tharlesyoutub6 жыл бұрын
This Channel is so good!!!! Thank you so much for the content, love, from Brazil.
@EconClips6 жыл бұрын
Thank you! :)
@marunio4352 жыл бұрын
Cooperation is always the best thing people can do. Your video shows that perfectly.
@bobbyrayofthefamilysmith242 жыл бұрын
Only if you know the other will cooperate.
@marunio4352 жыл бұрын
@@bobbyrayofthefamilysmith24 If the orher won't cooperate this wouldn't be cooperation.
@mohamedaymanerrahmouni4 жыл бұрын
this chanel is soooo underrated !
@rohit53666 жыл бұрын
Just the type of channel I was looking for😃
@gabrielpalacio67104 жыл бұрын
Awesome vids, I'm learning so much! Regards from Honduras.
@samuelcaron81216 жыл бұрын
Roadside sellers always jack up their prices when tourists are around(especially in developing countries).
@1865Highst4 жыл бұрын
There is a circumstance here that is not discussed. What about when the customer’s demands increase beyond what is efficient for the business to provide, and because they do not provide that, customers feel empowered to punish them? The example here is Yelp and the reviewers that tarnish a restaurant’s reputation because of impossible expectations. They can feel free to leave a bad review, there is no incentive to tell the truth, especially when there is a perceived abundance (in the case of franchised small businesses).
@MrDanielfff7773 жыл бұрын
Cool vid
@FaceTank7026 жыл бұрын
Interesting video
@stroxgottittv27775 жыл бұрын
That cattle industry has to stop
@ScRaS1816 жыл бұрын
Another great video. These concise videos are a great way to disseminate Austrian ideas. You should do a video on Austrian Capital Theory. You could use your video to recreate Robert P Murphy's Sushi Analogy mises.org/library/importance-capital-theory or a similar scenario. You could then relate this theory to modern western economies to try and explain why our current standard of living is unsustainable. Let me know what you think.