Uploaded May 2026 | Updated September 2026, 2 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 lecture, Ian Ball explains Nash equilibrium, a game theory idea that describes a situation where each person is choosing the best response to everyone else, so no one gains by changing alone. Using examples like two friends choosing between a Celtics game and a Red Sox game and a hide-and-seek game, the lesson also shows why people sometimes need to randomize their choices to avoid being predictable.
License: Creative Commons BY-NC-SA
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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.
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 lecture, Ian Ball explains Nash equilibrium, a game theory idea that describes a situation where each person is choosing the best response to everyone else, so no one gains by changing alone. Using examples like two friends choosing between a Celtics game and a Red Sox game and a hide-and-seek game, the lesson also shows why people sometimes need to randomize their choices to avoid being predictable.
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.
