The first 5 lessons from Yale Open Course - Game Theory

Lesson 1:

You should never play a strictly dominated strategy.

Lesson 2:

Rational play by rational players can lead to bad outcomes.

Lesson 3:

To figure out what actions you should choose in a game, a good first step is to figure out what are you payoffs ( what do you care about) and what other players' payoffs.

Lesson 4:

If you do not have a dominate strategy, put yourself in your opponents' shoes to try to predict what they will do. For example, in their shoes, you would not choose a dominated strategy.

Lesson 5: 

Yale students are evil.

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