Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Wednesday, October 14, 2015

The Art of Strategy

Uploaded on Dec 20, 2010

Game theory is the art of anticipating your opponent's next moves, knowing full well that your rival is trying to do the same thing to you. Using a diverse array of rich case studies—from pop culture, TV, movies, sports, politics, and history—this lecture will examine how nearly every business and personal interaction has a game-theory component to it.

Avinash K. Dixit, Ph.D. (NAS) is John J.F. Sherrerd University Professor of Economics at Princeton University. Among the world's leading economists, he is the author of many books, including Thinking Strategically (Norton, 1991), Investment Under Uncertainty (Princeton UP, 1994), and The Art of Strategy (Norton, 2009).



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