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Posts tagged game theory

Joyner Lucas, "Snitch"

Useful for prisoner's dilemma.

MicroeconomicsWayne GeerlingNovember 25, 2020prisoner’s dilemma, game theory, nash equilibrium, dominant strategy, confess, cooperation

Kenny Rogers, "The Gambler"

Useful for entry and exit decisions.

Microeconomics, AP ECON / FoundationsWayne GeerlingJanuary 15, 2020break even, costs, game theory, loss aversion, music for econ, property rights, risk, shut down, the firm, zero sum, Kenny Rogers