In this episode we discuss the intersection between neuroscience and game theory, ask whether you are smarter than a Chimpanzee, examine how simple mental judgments can be massively wrong, explain the basics of game theory, and dig deep into strategic thinking with Dr. Colin Camerer.
Colin is the Robert Kirby Professor of Behavioral Finance and Economics at the California Institute of Technology. A former child prodigy Colin received his B.A in quantitative studies from John Hopkins University at the age of 17, followed by an M.B.A. in finance from the University of Chicago at the age of 19, and finally a Ph.D in behavioral decision theory from the University of Chicago at the age of 21. Colin research is focused on the interface between cognitive psychology and economics.
We discuss: How to out-think (and think one level ahead of) your competitionHow we make simple mental judgments that go wrongThe fundamentals of game theory and how you can practically apply it to your lifeAre you smarter than a chimpanzee? (the answer may surprise you)The psychological limits on strategic thinkingHow game theory cuts across multiple disciplines of knowledge from evolution to corporate auctionsThe concept of a nash equilibrium and why its importantThe fascinating intersections between psychology and game theoryThe game theory behind rock paper scissors (and the optimal strategy)Why people don’t think strategically (and why it matters)Discover if you re you a level zero thinker or a “Level K” thinkerWhy working memory has a strong correlation between making strategic decisions and cognitive flexibilityThe fascinating results behind the “false belief test"How to make strategic inferences from the knowledge that other minds haveAnd much more! If you want to make better decisions or have always been fascinated by game theory - listen to this episode!
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How to Out-Think Your Competition and Become a Master Strategic Thinker with Dr. Colin Camerer | The Science of Success podcast - Listen or read transcript on Metacast
