Behavioral Grooves Podcast

We know human behavior isn’t rational. But this episode illustrates behavior using a surprising concept - game theory. This eye opening conversation with Erez Yoeli delves into what game theory is and the remarkable way it can be used to explain the things we think, feel and do. Our guest, Erez Yoeli has co-authored a new book, alongside Moshe Hoffman, called “Hidden Games: The Surprising Power of Game Theory to Explain Irrational Human Behavior”. Erez is a research scientist at the MIT Sloan School of Management and he teaches the undergraduate Game Theory course at Harvard. His research focuses on altruism: understanding how it works and how to promote it.  To explain what exactly game theory is, we have turned to Britannica’s user-friendly definition;“economics is much like a game, wherein players anticipate each other's moves, and therefore, it requires a new kind of mathematics, which they called game theory.” This explanation opens the door to exploring how our behavior is influenced by our anticipation