
In this lecture I discuss how to interpret, and how not to interpret,
payoff numbers. The discussion uses the simple 2x2 game tree we constructed to analyze sequential games, but it applies equally well to payoffs in simultaneous games. Then we begin to change the games we look at, starting with changing the order of moves in a 2x2 game. A simpler type of game tree can be used to analyze games with your future self - especially whether or not to take mind and mood altering substances, from nicotine through to LSD and cocaine.
Note, the Audio got corrupted (due to radio wave interference in a neighboring lecture theatre). It's 90% OK after editing but annoying in places