Types of Games

[@chriscockrell9495]

Interdependence - agent interactions. That would imply that solitary is not a game. Games - interdependence between agents, how you want to spend time (choose to - like play), have rules Decision Theory - Laying bricks Game Theory - Agents, with purpose, conflict, cooperation Players, strategies, payoffs Games have decisions Games represented by matrix (normal form representation- same time decisions) or tree graph (extensive form - time series, sequential decisions) Prisoner Dilemma games Complete (perfect) and incomplete information Symmetrical games - role reversal doesn’t change how you’d play (vs asymmetrical) Constant sum games - my lose is your gain (special scenario) Zero sum games - winner takes all (paper, rock, scissors or sports) Negative independences. Competition is encouraged. Negative (agent) interdependence. Feedback mechanism. Cooperative games. Positive (agent) interdependence. Cooperative is encouraged. Peer to peer interaction encouraged. Summary: Decision Sequencing, Information Availability, Agent Objectives (coop vs competitive)

[@yos2413]

Great Job, I have been studying a lot from your videos. At minute 4:48 you are comparing Complete vs Incomplete Information but at the summary you mentioned Perfect vs Imperfect which are different concepts.

[@HannesRadke]

I hope you get to the topic of Competetive Exclusion, because it's absolutely essential to understand the feedback loop of increasing economic inequality.

[@linguistengineer588]

real life is a bit more complex than one simple model

[@wannaplaytwister]

Great video!

[@ioankatalin3965]

good job 👍. keep going. thanks

[@tristramburden7543]

These are great videos - massive thanks, really helpful. But the example of the brick-layer' at 0:34 is very restrictive. While the 'bricks and mortar may not fight back', there is an environment to consider, an ecology - it is far from a 'neutral environment'. This may include the displacement of native species or gentrification in a neighbourhood. Economics education needs to start recognizing and including the multiple nuances implicit in all decisions - an 'isolated rational actor' is impossible. We are always interdependent on each other, and the environment and eco-system we subsist or thrive within.

[@nivinkayouf3926]

ARE YOU PROFESSIONAL ON THIS TOPIC?

[@SystemsInnovationNetwork]

Maybe you should be the judge of that by what you heard in the video.

[@GowdiVi]

@@SystemsInnovationNetwork damnnn son

[@SeleckPlays]

@@SystemsInnovationNetwork Haha, great response!