Behavioral economics and Game theory with Robert Aumann

This episode is with Robert Aumann (94 years old now).He is widely regarded as one of the most influential thinkers in game theory and decision theory. His exceptional work has not only reshaped the way we understand strategic decision-making and cooperation but has also garnered him numerous accolades. In 2005, he was awarded the Nobel Prize in Economic Sciences for his pioneering work in game theory and its applications. His groundbreaking insights have not only advanced our theoretical understanding of strategic decision-making but also have practical implications in various fields, such as negotiations, conflict resolution, and the design of market mechanisms. In this conversation we talk about the topics related to his scientific journey including game theory to study the conflict and cooperation, Nash equilibrium, Aumann Agreement Theorem, Knot theory, rationality, and future directions of game theory.      

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00:00:00 Introduction 

00:01:07 Interest in mathematics and economics 

00:12:34 What is game theory? 

00:16:35 War is an example of a game 

00:17:30 Zero sum game 

00:18:33 Politics is also a game

00:19:05 Contributions of John Nash to game theory 

00:28:35 Examples of game theory regarding economics 

00:47:00 Concept of common knowledge 

00:58:30 Agreement theorem 

01:04:25 Bayesianism and agreement theorem 

01:05:42 Importance of education 

01:13:48 Rationality 

01:22:55 Kahneman and Tversky's work 

01:25:30 Wars are rational 

01:43:40 Life at the age of 93! 

01:44:30 Thank you    

Music by: Ahmed Hassan (