Summarizes the findings of John van Neumann and the history of Game Theory. Showed that any economic situation can be defined as ‘the outcome of a game between two or more players’. Sections of the video include:
- Intro and history of Game Theory
- Defining ‘What is a Game’?
- Limitations of von Neumann’s definition, and ‘Zero Sum Games’
- Example of the Prisoner’s Dilemma