/biz/ - Business & Finance

[Anonymous No.11780333]

Any book recommendations about Game Theory? I want to dive in this topic and would appreciate any help.

[Anonymous No.11780449]

>>11780333
pic related get aquainted with applied probability (lot of statistics in game theory is fundamentally flawed, because they do not take into account risk of ruin or that small diverse risks acumulates) is your introuctory-to-med.advanced curriculum, theory of risk engineering (analysis of fat tail situations).

6 professors of GT are offered $1mil for playing russian roulette exactly once. Five out of six professors will tell you it is easiest money they ever made.

[Anonymous No.11780474]

>>11780449
thanks mate, I already own and read the incerto. truly insightful. I'm looking for more like these.

[Anonymous No.11781368]

Keeping tabs on this thread , maybe similar recommendations as Taleb will arise, although doubtful.

[Anonymous No.11781404]

>>11781368
I can offer you the same thread on /lit/, there are also some good recs:
>>>/lit/12094311

[Anonymous No.11782103]

>>11781404
hi again, can you specify more on what level are you currently acquainted with GT? do you want keep in advanced-popular style as taleb's incerto, or you want to delve also to actual mathematical GT (book vs textbook style)? do you have basic programming skills to do your own models and simulations based on examples from books/textbooks? what level stuff are you looking for (intro stuff, mid-level, advanced?).
please specify and lets keep this thread on

[Anonymous No.11782249]

>>11782103
same anon as prev. post, just changed to pc
I highly recommend looking into this open online course from Delft uni (The Hague Centre of Strategic Studies dept.):
Teaser interview:
https://blog.edx.org/dealing-spagetti-situations-how-solve?track=blog
Acktchual course:
https://www.edx.org/course/creative-problem-solving-and-decision-making-0
p.s. as a rule, moocs from edX have much better quality (and more interesting, but also demanding) than coursera or anything else.

[Anonymous No.11782259]

>>11782103
Hello,
I'm a software engineer and studied math+it, currently I'm into economy and try to figure out market psychology, develop simulations, experiment with neural networks and see where my way is leading. My works are completely out of couriosity.

I would appreciate mid-level and advanced stuff. But also works like the incerto which help to develop basic thoughts about an issue without much complexity.

[Anonymous No.11782329]

>>11782103
I had some social sciences in college, it was my first contact with game theory. That was really fascinating and i'd love to learn more about this.

>>11782249
Thank you! I will look into this!

[Anonymous No.11782348]

>>11780333
Kaiji: Ultimate Survivor

[Anonymous No.11782389]

>>11782348
This is pretty good. Young adults can learn a lot from this anime.

[Anonymous No.11782553]

>>11782259
>I'm into economy and try to figure out market psychology
so behavioral economy in short
these things work on emergent properties of mass of individuals influenced by basic human cognitive biases and large actors who use their understanding of cognitive biases to engineer the desired behavior of the crowd (a buy in to product you are marketing such as goods, service or political ideology) in same way as when institution needs to engineer liquidity in financial market.
Thus the first prerequisity to behavioral economics is to study and master cognitive biases, best source on this: Daniel Kahneman - Thinking Fast and Slow
then you can proceed to study behavioral economics itself, best from Dan Ariely book series - "The Irrational Bundle" (same way as taleb bundled his books into Incerto). The good thing is that from what I know, Ariely and Taleb hold each other in big mutual respect, as contrary to similar works on attempts on behavioral econ and forecasting with fancy ML/NNs - Nate Silver and his meme work Signal and the noise. According Taleb, Nate's work is shite and insignificant as he does not understand probability.