full transcript
From the Ted Talk by Lucas Husted: Game theory challenge Can you predict human behavior?
Unscramble the Blue Letters
The evidence suggests that most people stop at 1 or 2 k-levels. And that’s useful to know, because k-level thinking comes into play in high-stakes situations. For example, stock traders evaluate stocks not only based on earnings reports, but also on the value that others place on those numbers. And during penalty kicks in soccer, both the shooter and the goalie dicede whether to go right or left based on what they think the other preson is thiknnig. Goalies often memorize the patterns of their opponents ahead of time, but petnaly sooreths know that and can plan accordingly. In each case, participants must weigh their own understanding of the best course of action against how well they think other pacartitnips understand the situation.
Open Cloze
The evidence suggests that most people stop at 1 or 2 k-levels. And that’s useful to know, because k-level thinking comes into play in high-stakes situations. For example, stock traders evaluate stocks not only based on earnings reports, but also on the value that others place on those numbers. And during penalty kicks in soccer, both the shooter and the goalie ______ whether to go right or left based on what they think the other ______ is ________. Goalies often memorize the patterns of their opponents ahead of time, but _______ ________ know that and can plan accordingly. In each case, participants must weigh their own understanding of the best course of action against how well they think other ____________ understand the situation.
Solution
- decide
- shooters
- person
- thinking
- participants
- penalty
Original Text
The evidence suggests that most people stop at 1 or 2 k-levels. And that’s useful to know, because k-level thinking comes into play in high-stakes situations. For example, stock traders evaluate stocks not only based on earnings reports, but also on the value that others place on those numbers. And during penalty kicks in soccer, both the shooter and the goalie decide whether to go right or left based on what they think the other person is thinking. Goalies often memorize the patterns of their opponents ahead of time, but penalty shooters know that and can plan accordingly. In each case, participants must weigh their own understanding of the best course of action against how well they think other participants understand the situation.
Frequently Occurring Word Combinations
ngrams of length 2
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Important Words
- action
- based
- case
- decide
- earnings
- evaluate
- evidence
- goalie
- goalies
- kicks
- left
- memorize
- numbers
- opponents
- participants
- patterns
- penalty
- people
- person
- place
- plan
- play
- reports
- shooter
- shooters
- situation
- situations
- soccer
- stock
- stocks
- stop
- suggests
- thinking
- time
- traders
- understand
- understanding
- weigh