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Once you understand game theory, you understand the world.

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Caption notes

The repeated prisoner’s dilemma makes one round of retaliation visibly different from refusing to cooperate ever again. Knowledge of the last round and a possible misread defection change the situation in which a strategy is evaluated.

Archived captions (transcription method unspecified) ↗
Original passages · 2
A forgiving strategy is one that can retaliate but it doesn't hold a grudge.
Once you understand game theory, you understand the world. · ▶ 10:50–10:54
when the last round is, then there's no reason to cooperate in that round.
Once you understand game theory, you understand the world. · ▶ 12:34–12:39

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