STEM

# Game Theory 101

151 CQ
36 Lessons
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3 CQ
21. Commitment Problems
A lesson with William Spaniel

Commitment problems getting you down? Follow along with this game theory lesson to see how commitment problems can explain inefficient outcomes in real life.

Commitment problems getting you down? Follow along with this game theory lesson to see how commitment problems can explain inefficient outcomes in real life.

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3 CQ
22. Centipede Game
A lesson with William Spaniel

Discover the Centipede Game, a game theory conundrum where the inability of players to credibly commit prevents a high payoff ... in theory. But in practice?

Discover the Centipede Game, a game theory conundrum where the inability of players to credibly commit prevents a high payoff ... in theory. But in practice?

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Free
6 CQ
23. Problems with Backward Induction
A lesson with William Spaniel

Learn about the mathematical modeling of game theory scenarios, and see why real players don't always follow the solution suggested by backward induction.

Learn about the mathematical modeling of game theory scenarios, and see why real players don't always follow the solution suggested by backward induction.

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4 CQ
24. Forward Induction
A lesson with William Spaniel

You know about backward induction in game theory, which assumes that all future play will be rational. But what about the opposite technique? Learn it here!

You know about backward induction in game theory, which assumes that all future play will be rational. But what about the opposite technique? Learn it here!

• Playing
Free
5 CQ
25. Probability Distributions
A lesson with William Spaniel

Learn how probability distributions affect advanced strategic form game theory puzzles, and how to solve the mixed strategy algorithm using variables.

Learn how probability distributions affect advanced strategic form game theory puzzles, and how to solve the mixed strategy algorithm using variables.

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