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What will happen if everybody follows their best choices?

In this video we will try to see whether we can use simple diagrams to predict what will happen if everybody follows their best choices.

In this video we will try to see whether we can use simple diagrams to predict what will happen if everybody follows their best choices. We will see that this depends on what people know about each others’ preferences.

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Understanding Human Behaviour: Introduction to Game Theory and Shared Resources

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