Game Theory Lectures Page
You learn to solve this via Backward Induction . You start at the end of the game and rewind. Suddenly, you realize the Monopolist is bluffing. A price war hurts them more than you. Therefore, the Entrant should always enter.
But they also gave me a superpower. I now see the invisible architecture of conflict and cooperation everywhere. I understand why voting feels pointless (Median Voter Theorem). I understand why you tip at a diner you'll never visit again (Subgame Perfect Equilibrium). Game Theory Lectures
Here is why you should stop scrolling and actually attend (or rewatch) that lecture recording. Most economics lectures feel like history. Game theory feels like a chess match against the future. You learn to solve this via Backward Induction
But then, around the third lecture, something clicked. Suddenly, I wasn't just solving equations. I was realizing why traffic jams happen, why companies lower prices until no one makes a profit, and why my roommate never washes the dishes. Game Theory lectures don't just teach you math—they teach you how to read the room of reality . A price war hurts them more than you