Game Theory Lectures -

You learn to solve this via Backward Induction . You start at the end of the game and rewind. Suddenly, you realize the Monopolist is bluffing. A price war hurts them more than you. Therefore, the Entrant should always enter.

You look up from your notes. You realize your friend just bluffed you in a negotiation yesterday. Your brain tingles. That’s the dopamine hit of a good lecture. Everyone loves the Pure Strategy lectures. They are clean. "If they go left, I go right." But then comes Lecture 7: Mixed Strategies . Game Theory Lectures

Let me be honest with you. I walked into my first Game Theory lecture expecting a semester of The Dark Knight . I thought I’d spend fifteen weeks watching clips of the Joker blowing up ferries and nodding wisely about "rational actors." You learn to solve this via Backward Induction