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: @Rerazer

Bob on X: @BobMurphyEcon

The Bob Murphy Show:

Adam’s other podcast: Natural Order Podcast