In Depth Analysis Of Game Theory & Prisoner's Dilemma | Hn 182

On this crossover episode of Haman Nature, poker pro Adam Haman and economist Bob Murphy break down the pros and cons of Game Theory — including how the field relates to poker! Come on in and get schooled on this fascinating area of mathy goodness! 00:00 — Intro. Adam doesn’t trust Miss Scarlet or Colonel Mustard. Really, nobody should.01:38 — What is Game Theory, anyway? What fields is it useful for?09:21 — The history of Game Theory. Also, Game Theory is attractive because it’s rigorous. But those assumptions...23:03 — A brief discussion of Game Theory Optimal (GTO) play in poker. 28:45 — Bob teaches us some fascinating (and goofy) things about the famous Ultimatum Game.42:21 — Bob teaches us some fascinating (and goofy) things about the famous Prisoner’s Dilemma.1:05:00 — The map is not the territory. What are the obvious problems with Game Theory?1:14:24 — Closing thoughts. Blackjack, poker, chess, etc. Also, always be on the lookout for a Flatland scenario.1:22:35 — Outro. Thanks for watching Haman Nature! Sponsor mentioned: https://theswanbrothers.com/cross A fun browser game that plays with Game Theory: https://ncase.me/trust/Adam on X: @RerazerBob on X: @BobMurphyEcon The Bob Murphy Show: Adam’s other podcast: Natural Order Podcast This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hamannature.substack.com/subscribe