Chapter
Optimal Strategy in Two-Player Zero-Sum Games
07:33 - 12:14 (04:40)
There exists an optimal strategy in any finite two-player zero-sum game, where players are guaranteed not to lose an expectation regardless of their opponent's moves. This applies to games like chess, poker, and even rock-paper-scissors if players randomly choose between throwing rock-paper-scissors with equal probability.
Clips
The higher the stakes, the more risk-averse our behavior becomes due to the material impact it can have on our lives.
07:33 - 09:21 (01:48)
Summary
The higher the stakes, the more risk-averse our behavior becomes due to the material impact it can have on our lives. Making a crazy or huge bet is a tactic used to throw off others and prevent them from reasoning optimally.
ChapterOptimal Strategy in Two-Player Zero-Sum Games
Episode#344 – Noam Brown: AI vs Humans in Poker and Games of Strategic Negotiation
PodcastLex Fridman Podcast
Maria Konnikova discusses the finite, two-player, zero-sum game of poker, the concept of 'solving' the game, and the idea of there being an objectively correct way of playing poker to make unlimited money.
09:21 - 11:03 (01:42)
Summary
Maria Konnikova discusses the finite, two-player, zero-sum game of poker, the concept of 'solving' the game, and the idea of there being an objectively correct way of playing poker to make unlimited money.
ChapterOptimal Strategy in Two-Player Zero-Sum Games
Episode#344 – Noam Brown: AI vs Humans in Poker and Games of Strategic Negotiation
PodcastLex Fridman Podcast
A strategy exists in rock-paper-scissors that guarantees not losing money in the long run if you randomly choose between the three options with equal probability.
11:03 - 12:14 (01:10)
Summary
A strategy exists in rock-paper-scissors that guarantees not losing money in the long run if you randomly choose between the three options with equal probability.