When you're making a deal, what's going on in your brain? | Colin Camerer
When two people are trying to make a deal -- whether they're competing or cooperating -- what's really going on inside their brains? Behavioral economist Colin Camerer shows research that reveals...
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Translator: Joseph Geni Reviewer: Thu-Huong Ha I'm going to talk about the strategizing brain. We're going to use an unusual combination of tools from game theory and neuroscience to understand how people interact socially when value is on the line. So game theory is a branch of, originally, applied mathematics, used mostly in economics and political science, a little bit in biology, that gives us a mathematical taxonomy of social life and it predicts what people are likely to do and believe others will do in cases where everyone's actions affect everyone else. That's a lot of things: competition, cooperation, bargaining, games like hide-and-seek, and poker. Here's a simple game to get us started. Everyone chooses a number from...
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Translator: Joseph Geni Reviewer: Thu-Huong Ha I'm going to talk about the strategizing brain. We're going to use an unusual combination of tools from game theory and neuroscience to understand how people interact socially when value is on the line. So game theory is a branch of, originally, applied mathematics, used mostly in economics and political science, a little bit in biology, that gives us a mathematical taxonomy of social life and it predicts what people are likely to do and believe others will do in cases where everyone's actions affect everyone else. That's a lot of things: competition, cooperation, bargaining, games like hide-and-seek, and poker. Here's a simple game to get us started. Everyone chooses a number from...
