Chapter
Understanding Information Sets in Game Theory
19:23 - 23:25 (04:01)
The concept of information sets in game theory allows for uncertainty in decision making, specifically when one player is unaware of the moves made by another player in the game. These information sets represent a range of potential states within the game, allowing for more nuanced strategies to be developed.
Clips
The starting beliefs in game theory are based on the rules of the game and are the output of the analysis.
19:23 - 20:38 (01:14)
Summary
The starting beliefs in game theory are based on the rules of the game and are the output of the analysis. The process of adjusting these beliefs depends on Nash equilibrium and rational play.
ChapterUnderstanding Information Sets in Game Theory
EpisodeTuomas Sandholm: Poker and Game Theory
PodcastLex Fridman Podcast
An introduction to game theory and information sets, explaining how players make decisions without knowledge of the other player's move by using beliefs based on game rules.
20:39 - 22:11 (01:31)
Summary
An introduction to game theory and information sets, explaining how players make decisions without knowledge of the other player's move by using beliefs based on game rules.
ChapterUnderstanding Information Sets in Game Theory
EpisodeTuomas Sandholm: Poker and Game Theory
PodcastLex Fridman Podcast
The idea of game theory is to think about what a rational opponent would do and what you would do if you were rational, without needing any data or history of past interactions.
22:11 - 23:25 (01:14)
Summary
The idea of game theory is to think about what a rational opponent would do and what you would do if you were rational, without needing any data or history of past interactions. It's a data-free, opponent-free approach that comes from the design of the game itself, as opposed to the design of the player.