In this episode, Xavier Bonilla has a dialogue with Moshe Hoffman and Erez Yoeli on game theory and how this can be used to understand human behavior. They define game theory, discuss how primary and secondary rewards can be used, and explain Nash equilibrium and hawk-dove theory. They discuss the importance of signals and the costly signaling model, signals with different audiences, and how evidence and persuasion are spun differently. They also discuss the prisoners dilemma, altruism, cooperation, punishment, and may other topics.
Moshe Hoffman is a research scientist at the Max Planck Institute for Evolutionary Behavior, research fellow at MIT's Sloan School of Management and lecturer in Harvard's Economics department. His work focuses on game theory used with topics on human motivation, learning and evolution, and preferences. You can find his work here. Twitter: @moshe_hoffman
Erez Yoeli is a research scientist at MIT's Sloan School of Management and Director of MIT's Applied Cooperation Team (ACT), and also a lecturer in Harvard's Economics department. His work focuses on altruism, and how using game theory can help in working with governments and products. Purchase Hidden Games. You can find his work here. Twitter: @erezyoeli
#147 - Game Theory and Human Behavior: A Dialogue with Moshe Hoffman and Erez Yoeli