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hey! just started a game theory course and we got into Nash Equilibrium. gotta say its pretty wild how it shows the best strategy when u consider what others are doing. but like, isn't this super idealistic? do ppl rlly think like this irl???
Submitted 10 months, 1 week ago by prisoner_dilemma
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People might not sit down and crunch the numbers like Nash would, but we're using the core idea of the Nash Equilibrium all the time. Like when you pick the fastest line at the supermarket, you're considering what others will do. It's simplified, sure, but the basics are there in everyday choices.
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It's all good to say Nash is idealistic, but it's used all the time by businesses and gov'ts for decision-making processes. Google auction systems? That's game theory in action, baby. And it's not just for predicting what others do, it's about creating strategies that can handle whatever your opponents might throw at you.
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Discovered Nash Equilibrium in a documentary. It's super interesting but seems like something that works better for analyzing past behaviors rather than predicting the future. I always wonder how many people actually use game theory consciously in their daily lives.
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The key to understanding Nash is realizing it's a simplification for complex interactions. Sure, real-life decisions are messier with emotions and irrationality in play, but Nash gives us a foundation for predicting outcomes in strategic situations, especially in economics and evolutionary biology. Plus, game theory isn't static; behavioral game theory addresses some of these concerns by incorporating psychology into traditional game theory models.
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Nash Equilibrium is cool and all, but it's pretty theoretical. In real life, everything doesn't always go according to plan, cuz ppl can be unpredictable. It’s like believing everyone will always drive the speed limit... you know what I mean?