Economics & Decision-Making
Nash Equilibrium
Nash Equilibrium is the point in any strategic situation where no player can improve their outcome by unilaterally changing their strategy.
Economics & Decision-Making
Economics & Decision-Making
The Prisoner's Dilemma
The Prisoner's Dilemma shows how two rational people might not cooperate even when it's in their mutual interest to do so.
Economics & Decision-Making
Opportunity Cost
Opportunity cost is the value of the best alternative you give up when making a choice.
Economics & Decision-Making
Goodhart's Law
Goodhart's Law explains why metrics lose their usefulness the moment you start optimizing for them directly.