Home / Series / Understanding Economics: Game Theory / Aired Order / Season 1 / Episode 9

Divide and Conquer: Separating Equilibrium

Ever wonder why coach seats are so cramped? The airlines’ challenge is to make the first-class and coach experiences different enough to lure free-spending passengers to first class without making economy travelers so miserable they won’t fly. See how game theory explains this practice. Then discover that dueling may have evolved to correct the problem of asymmetric information in loaning money.

English
  • Runtime 30 minutes
  • Production Company The Great Courses
  • Created March 13, 2023 by
    Mandarin7584
  • Modified March 13, 2023 by
    Mandarin7584