Game Theory

Sep 11 2024 120 ep. 52 mins 83
Game Theory Podcast artwork

Speakeasy conversation about strategy, competition, economics, history, and policy from two non-experts. The episodes include some actual economic Game Theory such as the Prisoner's Dilemma, the Traveler's Dilemma, and the Public Good game. Episodes also include conversations on dilemmas in TV/Movies, sports, and board/card games, as well as the history of military, intelligence (spies), politics, and economics. The objective is simply to think critically about how people make strategic choices regarding the world around them and most importantly, about the people around them.

  Science
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119. Is Being Too Efficient At Your Job Bad? And How to Have Health Work Habits

Sep 11 2024 55 mins  
Summary In this episode, Nick and Chris discuss the efficiency paradox, where being good at your job can actually hinder your chances of getting promoted. They share examples from various industries, including eye surgery and software engineering, where employees who excel at their work are often rewarded with more work instead of promotions or recognition. They emphasize the impo

118. Shrinkflation; Skimpflation & The Downfall of Subway

Aug 29 2024 54 mins  
At a glance: Takeaways Shrinkflation is the process of products decreasing in size or quality while maintaining the same price. Examples of shrinkflation include smaller food packages and thinner burger patties. Ben and Jerry's faced tax issues in Canada due to downsizing their ice cream pints. Skimpflation refers to a decrease in product quality for the same price. Shrinkflati

117. Black Swans - What Are They? What Do They Mean? Can You Prepare for Them?

Aug 01 2024 55 mins  
In this episode, Nick and Chris discuss black swan events, which are rare and unpredictable events with significant consequences. They explore the criteria for a black swan event and provide examples such as the 2008 financial crisis and the 9/11 terrorist attacks. They also discuss the predictability of these events and the impact they have on society and the global order. The c

116. Short Selling & Squeezing - Billionaire Feuds; Meme Stocks & Movies

Jul 25 2024 50 mins  
In this episode, the hosts discuss short selling and short squeezes in the stock market. They provide examples from movies like 'The Big Short' and 'Casino Royale' to explain the concept of short selling. They also explain the mechanics of short selling, including opening a brokerage account, borrowing stocks, and monitoring account equity. The hosts mention the G

115. Catching Up & The State of Podcasts - Why Your Favorite Podcast MAY Be In Trouble

Jul 17 2024 43 mins  
We're back. Sorry - We y'all too.

114. Why You Can't Get a Restaurant Reservation - Bots May Have Something to Do With It

Jun 27 2024 53 mins  
Summary In this episode, the hosts discuss various topics including Chris' recent wedding, changes in Adobe's terms and conditions, and the practice of scalping restaurant reservations. They explore the implications of Adobe's attempt to own the intellectual property of content created on their software and the backlash they faced. They also delve into the phenomenon of scalping r

113. The Texas Sharpshooter Fallacy & Confirmation Bias - Facts to Suit Theories Instead of Theories to Suit Facts

May 22 2024 53 mins  
In this episode, the hosts discuss the Texas Sharpshooter Fallacy, which is when outcomes are analyzed out of context, giving the illusion of causation rather than attributing the outcome to chance. They provide examples of this fallacy, such as the alcohol industry pushing back on labels that state alcohol causes cancer. They also touch on the narcissist's prayer, which is a

112. Sell in May & Go Away -- Chicken or the Egg?

May 10 2024 52 mins  
In this episode, the hosts discuss the adage 'sell in May and go away' and its implications for the stock market. They explore the historical underperformance of the stock market during the summer months and the potential reasons behind it. They also touch on the impact of the presidential election cycle on stock market performance. The hosts caution that they are not offe

111. Recruiting Games: Companies Are Recruiting Earlier; Why Game Play Can Help Find Talent

May 02 2024 54 mins  
In this episode, the guys talk about how early major firms are beginning their recruiting process and whether it's possible for game theory to apply to the hiring process.

110. Pizza Meter - How Pizza Orders Predict War & Waffle House Index - They Unofficial FEMA Designation

Apr 26 2024 47 mins  
Summary The conversation discusses the concept of the pizza meter, which suggests that an increase in pizza orders from government buildings can be indicative of important political or military events. The pizza meter has been observed to predict events such as the invasion of Grenada and Panama. The Pentagon has attempted to combat the pizza meter by sending aides out to physical