What is Game Theory? | Chicken Game & Prisnors' Dilemma Explained! | Free PSIR Lecture for UPSC 2024

We delve into the fascinating world of Game Theory and its intricate connection with International Relations. Explore the strategic interactions between nations, as we decipher the underlying principles of Game Theory, its applications, and its impact on global diplomacy. Whether you're a student of political science, a curious mind, or simply interested in understanding the dynamics of international politics, this lecture offers valuable insights. Join us for an engaging exploration of this critical field in a concise yet comprehensive presentation. Don't forget to like, share, and subscribe for more educational content!

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00:00 PSIR Resources for UPSC 2024
02:18 What Is Game Theory?
08:56 Two Main Types of Game Theories
16:26 Chicken Game: 2 Person, Non-Zero-Sum Game
24:46 Prisoners' Dilemma: 2 Person, Non-Zero-Sum Game
26:02 Choices for Actors in Prisnors' Dilemma
27:35 Success of Cooperation in Prisnors' Dilemma Depends on
33:29 Multiparty Prisnors' Dilemma (n person, NZ Sum)
35:42 Putnam's Two-Level Game