[Thread] What are some of your favourite learnings from Game Theory?

I will continue with this series for people who like this kind of content, drop "+1" in the chat and I will tag you the next time I post content. Imagine you have a very complex situation with varying degrees of randomness. How do you evaluate the probability of certain outcomes? One way is a deterministic way which is to sit down and try to compute probabilities of events. Another way is to simulate these interactions with various seed values and see how these outcomes vary. This is called a Monte Carlo simulation, where we use random sampling to model and analyze complex systems that involve uncertainty. Let's set up a game and apply a Monte Carlo simulation to it. You(Hero) and Me(Villain) engage in a strategic coin flipping competition over a series of rounds. Before each round, both of us independently decide whether to flip a coin or pass the turn to the opponent. The outcomes are as follows: 1. If both players decide to flip, a fair coin is tossed, and the player who called it correctly gains a point. 2. If one player decides to flip and the other passes, the flipping player gains a point without the need for a coin toss. 3. If both players pass, no points are gained or lost. We can simulate it by making each decision random: 1. Hero and Villain both independently choose between 0 and 1 for deciding whether to toss or pass. We use 0 as Pass and 1 as Toss. 2. If both pass then we let the scores as is. 3. If one passes and not the other, then we add +1 to whoever decided to toss. 4. If both decide to toss then, we do a random coin flip where 0 = Heads and 1 = Tails. Hero can randomly choose between Heads or Tails. The Villain takes the opposite position. First is the Monte Carlo Simulation and the difference between potential outcomes for 1000 rounds and 20 simulations, which is the graph shared.

What's the reason? Modi loving Meloni is bs, there is more to this PR stunt

I’ll start first: “The greats never sacrifice the important for the urgent. They handle the immediate problem and still make sure to secure the future.”

This question is posed to you by Peter Thiel in his book "Zero to One" My answer to this is: We are in a big cycle where India will become everything great. Last 8 years have taught me that we are in the greatest momentum bet of this country's life time. So, don't rule out India. Build in India. Invest in India. Believe in India. There are many in this community that are complete nihilists and supremely bearish towards India's prospects. And let me tell you, for once in this country's history, being a complete maximalist on India is a bet that you will not regret. There will be a new generation of millionaires and billionaires that will be minted on new industries. So keep hustling and this country will unleash great dividends for you and your legacy.

Hey! A bit background about me, 2023 grad, cs @ tier 1 university, currently at SDE role earning ~1.5L. I do have a decent network, good communication skills (sab to bolte hai), good drive ig. I’m also good at CS and probably can get good offers and good growth (high rating on codeforces). I was always aligned with entrepreneurship and I definitely don’t see myself working at a job after ~7-8yrs My father wants me to join the family business in the next year, I can prolly make 10x within months and will be having full ownership later, might be able to grow much more later. Simply it seems like joining is the obvious choice, but that means sacrificing my whole career that could have been different, smart friend group, and other pros. Honestly passion is not an issue, I think earning money is my only life goal :p