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Understanding Economics
- Game Theory
- Narrated by: Jay R. Corrigan
- Length: 5 hrs and 39 mins
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Publisher's summary
Game theory is the study of strategic decision-making in politics, sports, diplomacy, and a host of other areas, but especially in economics, where game theory flourishes. Understanding Economics: Game Theory introduces you to this fascinating field, which combines the fun and challenge of games with the logic of brain teasers. In 12 engaging half-hour lessons, Professor Jay R. Corrigan of Kenyon College analyzes such classic games as the prisoner’s dilemma and the hawk-dove game. While these particular games involve lawbreakers and animal rivalries, they have applications to many situations.
Each lesson is devoted to a handful of examples, which you investigate in detail, working out the possible strategies for the different competitors and their expected payoffs. Along the way, you discover why it’s hard to buy a good used car, why people confess to crimes they didn’t commit, why athletes ignore the risks and use performance-enhancing drugs, and how to bid in different kinds of auctions to increase your payoff—and also why you might regret winning one special type of auction.
Professor Corrigan covers fundamental concepts, such as dominant strategy and Nash equilibrium, the latter named for the reclusive genius who was profiled in the movie A Beautiful Mind. He teaches you how to diagram a game with a payoff matrix, which is a table that shows every player’s payoff based on the chosen strategies. You also practice backward induction, where you start at the game’s last round and work your way back to the beginning to determine your best opening move. These are all powerful tools for seeing the game from opposing points of view and uncovering an optimum strategy. After taking this course, you’ll know what to do the next time you bargain for a used car or get caught in the frenzy of an auction.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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10 Rules for the Perfect Murder
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After the killing of a prominent mob lawyer, NYPD homicide detectives Jacob Jackson and Caitlin Grimes start receive chilling, written “rules” for how to commit the perfect murder. "Rule number one for the perfect murder: Evidence is your enemy. Leave none behind." Jackson (Reid Scott) and Grimes (Cobie Smulders) race to find the killer, setting them on a collision course with the city’s crime underbelly, and a perpetrator who seems happy to toy with them. “Rule number two. No crimes of passion. The perfect murder is always business, never pleasure.”
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The ending
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Women can be heroes. When twenty-year-old nursing student Frances “Frankie” McGrath hears these words, it is a revelation. Raised in the sun-drenched, idyllic world of Southern California and sheltered by her conservative parents, she has always prided herself on doing the right thing. But in 1965, the world is changing, and she suddenly dares to imagine a different future for herself. When her brother ships out to serve in Vietnam, she joins the Army Nurse Corps and follows his path.
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Great story
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Celebrating her forty-fifth birthday at her local pub, popular podcaster Alix Summer crosses paths with an unassuming woman called Josie Fair. Josie, it turns out, is also celebrating her forty-fifth birthday. They are, in fact, birthday twins. A few days later, Alix and Josie bump into each other again, this time outside Alix’s children’s school. Josie has been listening to Alix’s podcasts and thinks she might be an interesting subject for her series. She is, she tells Alix, on the cusp of great changes in her life.
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Victim shaming a teen girl?
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Tom Lake
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In the spring of 2020, Lara’s three daughters return to the family's orchard in Northern Michigan. While picking cherries, they beg their mother to tell them the story of Peter Duke, a famous actor with whom she shared both a stage and a romance years before at a theater company called Tom Lake. As Lara recalls the past, her daughters examine their own lives and relationship with their mother, and are forced to reconsider the world and everything they thought they knew.
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So incredibly boring
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The Subtle Art of Not Giving a F*ck
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For decades we've been told that positive thinking is the key to a happy, rich life. "F*ck positivity," Mark Manson says. "Let's be honest, shit is f*cked, and we have to live with it." In his wildly popular Internet blog, Manson doesn't sugarcoat or equivocate. He tells it like it is - a dose of raw, refreshing, honest truth that is sorely lacking today. The Subtle Art of Not Giving a F*ck is his antidote to the coddling, let's-all-feel-good mind-set that has infected modern society and spoiled a generation, rewarding them with gold medals just for showing up.
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A book for 20-somethings, but not me
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What listeners say about Understanding Economics
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Giulio
- 02-10-24
excellent contennt and presenter
game theory is a very fascinaring subject. it can explain a lot tha goes on on this crazy plannet. and it takes a little of the crazy away.
highly reccomenfed
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- Timothy Knox
- 03-19-22
Truly fascinating
This professor is not only excited about the subject, but also excellent at explaining it. The intended audience is simply an educated layman with an interest in the subject. Only a knowledge of high school algebra is required to follow the details.
I really enjoyed his explanation of Nash equilibriae, which I had struggled to understand in the past. I will definitely be seeking out other course offerings by him.
This was an audible plus title, but I would have cheerfully paid cash for it.
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1 person found this helpful
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- Paul
- 05-17-22
Game tbeory
I consider this very Loosely connected to economics. Save your time read something else, the word "economics" is mentioned frequently but I think the tie-in is very loose.
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1 person found this helpful
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- A. Yoshida
- 07-23-23
Refer to the PDF
This audiobook comes with a PDF, which you need to refer to in order to understand the probability. This book covers different scenarios of game theory. The most famous is the prisoner's dilemma, but there are so many more situations where people are deciding what to do based on what someone else is going to do (e.g., how much to bid in an auction and how much to offer for a used car).
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- catherine w.
- 08-15-22
.
it's good. the math is hard to follow just listening to it at times.
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- K. Amberg
- 08-05-24
How entertaining it was
Very interesting but not what I expected. Not much nuts and bolts. Very little math and it centered around game theory.
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- Brannon Crawford
- 06-18-21
Should be learned by all
If you have heard people talk about game theory but didn’t understand what it meant this is the place to start
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2 people found this helpful
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- Amazon Customer
- 07-16-22
Excellent introduction to game theory
if you're driving or otherwise not reading the accompanying PDF, the examples/scenarios can be confusing, but you're still able to understand the big picture. love the topic and the lecturer was good!
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- Philo
- 04-24-21
The best entry point I've seen for game theory
As a law prof, I admire the work it takes to make something like this palatable and digestible for actual people. This is a gem.
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10 people found this helpful
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- Sheila
- 07-31-21
Good Course. The PDF Would Be Helpful.
Good Course. The PDF Would Be Helpful. I learned a bit without the PDF or tracking the details of the equations but couldn't really "learn" it that way.
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3 people found this helpful