Game Theory is Broken
This video critiques the Prisoner's Dilemma, a foundational game theory model often used to argue for inherent human selfishness. It explains the game's setup and its typical "Nash equilibrium" outcome where both players betray each other, leading to a suboptimal result. The video then challenges this conclusion by highlighting the model's implicit assumption of pure self-interest, arguing that real-world behaviour often incorporates trust and loyalty, leading to more cooperative and beneficial outcomes.