Principles of Economics: Microeconomics - Office Hours: Game Theory

This video uses game theory to solve a simple problem. Bob and Al are magicians. They’ve agreed to only perform one show per week and each earn $10,000. But what if, in an attempt to earn more money, they cheat and perform more often? Are they better off? Let’s uncover the Nash equilibrium. ----------------------------------------------------------------------------------------- Principles of Microeconomics Course: http://bit.ly/2yDZaQ2 You've reached the end of Microeconomics. Test your knowledge with the exam! http://bit.ly/2hu2OrB You've completed Micro! Move on to Macro now: http://bit.ly/2xIy8ca Help translate this video: http://bit.ly/2xxM0nv