Saturday, September 11, 2010

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.

Posted via email from Troy's posterous

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