Lecture 19 - Subgame Perfect Equilibrium: Ma...

We discuss auctions. We first distinguish two extremes: common values and private values. We hold a common value auction in class and discover the winner’s curse, the winner tends to overpay. We discuss why this occurs and how to avoid it: you should bid as if you knew that your ...  Show more

We look at two settings with asymmetric information; one side of a game knows something that the other side does not. We should always interpret attempts to communicate or signal such information taking into account the incentives of the person doing the signaling. In the first s ...  Show more

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"But I tend to do that with things I really wanna do anyway, but there's a strong fear. Like I'm afraid to do this or I'm kind of anxious about doing this, so I'll tell people and th ...

#259: What’s the best way to prevent distractions? Are prevention techniques — like website blockers — effective? In this episode, we discuss different strategies aimed at behavior change. We argue that the source of the most sustainable behavior change is to build self-mastery t ...  Show more

Practical Psychology for navigating life's challenges and cultivating joy. Sam Webster Harris explores the concept of life as a series of games, blending psychological insights with practical wisdom. He discusses how every aspect of life involves some form of gameplay, from profe ...  Show more

John Horn, professor of economics at Washington University's Olin Business School and former McKinsey strategist, shares a disciplined framework for understanding competitive behavior by applying game theory and structured simulations. In this episode, he explains ho ...