The First Rule of Game Theory (ft. Thomas Frank)

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This episode of Up and Atom is brought to you by SkillShare. Have you ever been in this situation? Where you've been staring at the options of a multiple-choice question for so long they kind of all blur into one? You probably just make a wild guess like B or C, but definitely not A that would just be crazy. But there is a better way and it involves game theory. If you've never heard of game theory before it's basically the study of how to get the best outcome in situations which involve other people. It focuses mainly on strategies, cooperation, and conflict. As you can imagine there are quite a lot of situations which involve these things, so game theory has become an entire field of study on its own, and it's so fascinating and deep that there's no way we're gonna cover it all in this one video. But we will cover the very first rule which is: anticipate the other player. This might seem obvious but there are a lot of scenarios where it may not occur to you like a multiple-choice test. We're going to answer two questions from the math section of the SAT s using only this one rule and by the end of the video you should have a pretty good idea of the power of game theory. You've just sat down to take a test and you get stumped by the very first question. Don't panic. In fact let's do this without even reading the question. These are your options: So in order to anticipate the other player the first step would be to figure out who the other player is. Any guesses? Well the person who wrote the test! What's their primary objective? What do they want? It's usually pretty simple, they want students who understand the problem to get it right and those who don't to get it wrong. So you just need to choose the option which best fits their objective. e) is the odd one out being the only non fraction so let's start there. The test maker wants those who understand the problem to get it right and those who don't you get it wrong, so wrong answers can't be too obviously wrong because then it would be too easy. For example if camel or juice were options alongside all the other answers it it'd be pretty obvious they were wrong, so if the right answer were a whole number like two it doesn't make it very challenging if all the other options are fractions. So we can rule out e). Now if we look at D and B both of them can be further reduced. I don't know many test makers that would reward bad math etiquette like that, do you? So we can rule them out too. Now there's just a) and C) left. Both these options make good answers but I'd put my money on a) five over three. Why? Two reasons. The first is that D) 75 over 45 is just the unsimplified version of a) five over three, so if the question we're asking you to solve a fraction students who forget to simplify would choose D) getting it wrong. So if the test maker want students who remember to simplify to get it right and students who forget to get it wrong, a) is the perfect answer. The second reason is that all of the other options are top-heavy fractions, meaning that the numerator is larger than the denominator. Even two is a top-heavy fraction if you think about it. So if 7 over 15 is the correct answer it doesn't really match the test makers objective because all the other answers are so different that none of them make good competitors. So we'll choose a) five over three, and yes, that was the right answer. Moving on. You get stumped by the next question - it's just not your day. Again we're going to figure this out without looking at the question. These are your options. Feel free to pause the screen and try for yourself. Now having tried a number of these questions something I noticed is that the answer usually isn't the biggest or the smallest number. This makes sense if you imagine it were you writing the test. If the answer is 10 you usually wouldn't make 10 the biggest or smallest option. You're much more likely to try and muddle it up somewhere in the middle to make it harder and not so obvious. This isn't always the case of course. Some test makers are aware of this skew to the middle and may intentionally make the answer an extreme, so there is that to look out for, but in most of the questions I tried it was somewhere in the middle. So immediately we can rule out a) and B). Now let's take a look at C). What do you think? I don't think it's the answer. Why? Well apart from the fact the majority of the options are greater than 100%, most percentages you're exposed to in school and in life are between one and a hundred, so it's pretty unlikely that you would make the mistake of thinking a percentage was over a hundred unless you had a pretty good reason. So we can rule out C) 75%. Now both D) and E) would make good answers but if I had to choose I'd go with E) a hundred and forty percent. Why I lean that way is because of option A) forty percent. If one hundred and forty percent is the right answer forty percent makes a perfect wrong answer as people who aren't confident with percentages might hesitate to go for the hundred and forty and play it safe with forty getting it wrong. So we are pretty certain the answer is e) one hundred and forty percent, and yes, it was. So there you have it, how game theory can help you fraud your way through school. Did that sentence make sense? What's interesting about this strategy is that when you look at a test you think that the only information that can help you is in your brain or in the test, but it's not! Where there are other people involved there are incentives, objectives, and ways to interpret them in your favor. Obviously I'm not suggesting that you rely on this technique for your next test! You should still like learn the things. But just see this is the kind of last resort. Something to try when you feel like you're already screwed. Speaking of learning things! This episode of Up and Atom was made possible by SkillShare. SkillShare is an online learning community with a lot of different classes for different things, and here are just a few that I think you guys might be interested in. There are classes on decision science: how to make good decisions, machine learning, computer science, the science of happiness. There's also a lot more than just science stuff and actually one of the ones I'm most excited about is this one on how to draw cute animals. So you might be seeing a lot of cute animals in my future videos. So you can see there's a wide variety of topics to help you with things like work - hobbies - guilty pleasures. So Skillshare is offering a special offer to my viewers which is you guys where you can try it out for two months totally free! To sign up go to sk l dot s h slash up and atom it's a pretty awkward URL so i'm just gonna leave a link in the description. So you just need to click that link to sign up and then you can start learning how to be happy. Oh and a huge thank you to thomas frankly for appearing in my youtube video you play a confused student very well and just one last message for my regular viewers where the hell have I been right so a few months ago I announced that I wanted to attend a filmmaking course in New York so I could learn how to make better videos and thanks to my patrons Here I am I've been here for six weeks hence the absence of making videos I'm gonna be back making videos regularly at the beginning of July I miss you guys a lot like seriously so much thanks to everyone who's been emailing me and commenting I promise I will get back to you all don't forget about me so yeah I haven't left I'm just taking a break so I can be better when I return say I feel like I've been choking for a billion years I'm just gonna summarize this episode now game theory is awesome skills share awesome Thomas frankly is awesome and you guys are awesome by
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Channel: Up and Atom
Views: 211,633
Rating: undefined out of 5
Keywords: game theory, thomas frank, matpat, game theorists, nintendo switch, up and atom, multiple choice test, The First Rule of GAME THEORY, nintendo, how to think like sherlock holmes
Id: t-D5yoknywM
Channel Id: undefined
Length: 8min 42sec (522 seconds)
Published: Thu May 17 2018
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