• Behavioral economics and Game theory | Robert Aumann | Reason with Science | Nobel Laureate | Psychology

  • Jun 4 2023
  • Length: 1 hr and 45 mins
  • Podcast

Behavioral economics and Game theory | Robert Aumann | Reason with Science | Nobel Laureate | Psychology

  • Summary

  • This episode is with Robert Aumann (94 years old now).

    He is widely regarded as one of the most influential thinkers in game theory and decision theory. His exceptional work has not only reshaped the way we understand strategic decision-making and cooperation but has also garnered him numerous accolades. In 2005, Aumann was awarded the Nobel Prize in Economic Sciences for his pioneering work in game theory and its applications. His groundbreaking insights have not only advanced our theoretical understanding of strategic decision-making but also have practical implications in various fields, such as negotiations, conflict resolution, and the design of market mechanisms.

    In this conversation we talk about the topics related to his scientific journey including game theory to study the conflict and cooperation, Nash equilibrium, Aumann Agreement Theorem, Knot theory, rationality, and future directions of game theory.


    Guest info:

    Website: https://mathematics.huji.ac.il/people/robert-j-aumann


    Episode links: Website: https://www.reasonwithscience.com/home/behavioral-economics-and-game-theory-with-robert-aumann Youtube: https://youtu.be/l6AK1RlNPSo Spotify: https://open.spotify.com/episode/6hKAlf7GqPwhtkrNLaPU9I?si=55G-9LCwS-qn5ecZvPQ6DQ Apple podcast: https://podcastsconnect.apple.com/my-podcasts/show/reason-with-science/407cd478-4271-4319-8318-fc378d4e7ccb/episode/behavioral-economics-and-game-theory-|-robert-aumann-|-reason-with-science-|-nobel-laureate-|-psychology/b975ea0c-2501-448a-8bd3-ea58628da534 Google podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9iMjMyNDZlOC9wb2RjYXN0L3Jzcw/episode/NjRmN2RlMTEtYWY1NS00ZGNmLTkwNzgtMGE3ZmJkMDY3YzZl?sa=X&ved=0CAUQkfYCahcKEwiQ5IGWuKn_AhUAAAAAHQAAAAAQLA



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    Timestamps:

    00:00:00 Introduction

    00:01:07 Interest in mathematics and economics

    00:12:34 What is game theory?

    00:16:35 War is an example of a game

    00:17:30 Zero sum game

    00:18:33 Politics is also a game

    00:19:05 Contributions of John Nash to game theory

    00:28:35 Examples of game theory regarding economics

    00:47:00 Concept of common knowledge

    00:58:30 Agreement theorem

    01:04:25 Bayesianism and agreement theorem

    01:05:42 Importance of education

    01:13:48 Rationality

    01:22:55 Kahneman and Tversky's work

    01:25:30 Wars are rational

    01:43:40 Life at the age of 93!

    01:44:30 Thank you



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