Lecture 1: Introduction to Individual Decision-Making @mitocw
Lecture 1: Introduction to Individual Decision-Making  @mitocw
Uploaded May 2026 | Updated September 2026, 3 weeks ago
MIT 14.12 Economic Applications of Game Theory, Fall 2025
Instructor: Ian Ball
View the complete course: https://ocw.mit.edu/courses/14-12-economic-applications-of-game-theory-fall-2025/
YouTube Playlist: youtube.com/playlist?list=PLUl4u3cNGP63quuKvMHCt3cmTmt0O2qpv

In this first lecture of the course, Ian Ball explains the basics of game theory, which is a mathematical framework to analyze decision-making when the outcome depends on the actions of other people. In simpler terms, it's interactive decision-making.

License: Creative Commons BY-NC-SA
More information at https://ocw.mit.edu/terms
More courses at https://ocw.mit.edu
Support OCW at ow.ly/a1If50zVRlQ

We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.
Lecture 1: Introduction to Individual Decision-MakingOff White Noise - Moo’s so Great she could Probably be Science FictionLecture 1: Fluid DynamicsPool Testing Video 5 (No Audio)MIT Economist Jon Gruber responds to YouTube commentsColor Organ Video 3Lecture 12: Introduction to Radiation RiskLecture 25: Common KnowledgePerspective on What It Takes to Be Successful as an EntrepreneurNormal Operation (no audio)Session 5, Part 2: Financial ProjectionsA Critical Lens on Science Images
MIT OpenCourseWare |

Lecture 1: Introduction to Individual Decision-Making

SHARE TO X SHARE TO REDDIT SHARE TO FACEBOOK WALLPAPER