The Maths of Game Theory

When we buy, sell, bargain, barter, bid at auctions, and compete for resources, we want to be sure that we are using the best strategies. Game theory can help us understand precisely these kinds of situations. That’s why in 1994, the Nobel Prize for Economics was won by a mathematician – John Nash.Using games like the Prisoner’s dilemma, this lecture explains the work of game theorists such as Nash, David Blackwell and John von Neumann.A lecture by Sarah HartThe transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/watch-now/game-theoryGresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://gresham.ac.uk/support/Website:  https://gresham.ac.ukTwitter:  https://twitter.com/greshamcollegeFacebook: https://facebook.com/greshamcollegeInstagram: https://instagram.com/greshamcollegeSupport the show