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SUMMARY:Game theory: What really happens - Harry Collard\, Sidney Sussex C
 ollege
DTSTART:20150211T194000Z
DTEND:20150211T203000Z
UID:TALK57639@talks.cam.ac.uk
CONTACT:Jasper Lee
DESCRIPTION:Nash's Existence theorem proves that every game with a finite 
 number of players has a Nash equilibrium\, if we allow for mixed strategie
 s. In this talk we shall explore different types of games and their Nash e
 quilibria\, and how they relate to the optimal strategies for rational pla
 yers in a game against others. Humans\, however\, are not always rational.
 \n \nBecause of this\, in some games\, the optimal strategy can no longer 
 be based upon the assumptions of rational players. We shall then look at s
 ome real world scenarios where this has occurred and what this tells us ab
 out the 'average' player in a game. We shall finally see how human biases 
 can interfere with our decision making and how Chimpanzees might actually 
 be better at making decisions than us.
LOCATION:Wolfson Hall\, Churchill College
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