
Understanding Economics
Game Theory
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Narrated by:
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Jay R. Corrigan
About this listen
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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Ryland Grace is the sole survivor on a desperate, last-chance mission - and if he fails, humanity and the Earth itself will perish. Except that right now, he doesn't know that. He can't even remember his own name, let alone the nature of his assignment or how to complete it. All he knows is that he's been asleep for a very, very long time. And he's just been awakened to find himself millions of miles from home, with nothing but two corpses for company.
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Bazinga
- By Davidgonzalezsr on 05-04-21
By: Andy Weir
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Not a Very Good Murderer
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- Length: 4 hrs and 17 mins
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In this wild, genre-bending audio documentary, New York Times best-selling author and Pulitzer Prize-winning investigative reporter Ronan Farrow dives deep into the strange and storied life of high-society socialite and former Miss Arizona Celia (Cece) Doane.
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Definitely a Very Good Listen
- By Amazon Customer on 03-24-25
By: Ronan Farrow
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The Next Conversation
- Argue Less, Talk More
- By: Jefferson Fisher
- Narrated by: Jefferson Fisher
- Length: 6 hrs and 35 mins
- Unabridged
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No matter who you’re talking to, The Next Conversation gives you immediately actionable strategies and phrases that will forever change how you communicate. Jefferson Fisher, trial lawyer and one of the leading voices on real-world communication, offers a tried-and-true framework that will show you how to transform your life and your relationships by improving your next conversation.
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Exceeded all expectations
- By Anonymous User on 03-19-25
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The Wedding People
- A Novel
- By: Alison Espach
- Narrated by: Helen Laser
- Length: 11 hrs and 37 mins
- Unabridged
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It’s a beautiful day in Newport, Rhode Island, when Phoebe Stone arrives at the grand Cornwall Inn wearing a green dress and gold heels, not a bag in sight, alone. She's immediately mistaken by everyone in the lobby for one of the wedding people, but she’s actually the only guest at the Cornwall who isn’t here for the big event. Phoebe is here because she’s dreamed of coming for years—she hoped to shuck oysters and take sunset sails with her husband, only now she’s here without him, at rock bottom, and determined to have one last decadent splurge on herself.
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What a beautiful book
- By Brooke Baker on 08-15-24
By: Alison Espach
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The Locked Door
- By: Freida McFadden
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While eleven-year-old Nora Davis was up in her bedroom doing homework, she had no idea her father was killing women in the basement. Until the day the police arrived at their front door. Decades later, Nora's father is spending his life behind bars, and Nora is a successful surgeon with a quiet, solitary existence. Nobody knows her father was a notorious serial killer. And she intends to keep it that way. `Then Nora discovers one of her young female patients has been murdered. In the same unique and horrific manner that her father used to kill his victims.
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This is a Re-release from 2021!
- By Itwasntme on 12-19-24
By: Freida McFadden
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Abundance
- By: Ezra Klein, Derek Thompson
- Narrated by: Ezra Klein, Derek Thompson
- Length: 7 hrs and 14 mins
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To trace the history of the twenty-first century so far is to trace a history of unaffordability and shortage. After years of refusing to build sufficient housing, America has a national housing crisis. After years of limiting immigration, we don’t have enough workers. Despite decades of being warned about the consequences of climate change, we haven’t built anything close to the clean-energy infrastructure we need. Ambitious public projects are finished late and over budget—if they are ever finished at all.
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Ambitious, provocative, and optimistic
- By Anonymous User on 03-22-25
By: Ezra Klein, and others
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This is excellent
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No pdf supplementary materials
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Very Good Content, Very Advanced Math
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One of my top 3 favorite courses!
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No skill is more important in today's world than being able to think about, understand, and act on information in an effective and responsible way. What's more, at no point in human history have we had access to so much information, with such relative ease, as we do in the 21st century. But because misinformation out there has increased as well, critical thinking is more important than ever. These 24 rewarding lectures equip you with the knowledge and techniques you need to become a savvier, sharper critical thinker in your professional and personal life.
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Same Material Different Title
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What listeners say about Understanding Economics
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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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Overall
- 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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2 people found this helpful
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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