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 stioaituns. For example, soctk traders evaluate stocks not only based on earnings reports, but also on the value that others place on those numbers. And during penalty kkcis in soccer, both the shooter and the goalie dicede whether to go right or left based on what they think the other person is thinking. Goalies often mmorizee the patterns of their opponents ahead of time, but penalty shooters know that and can plan accordingly. In each case, participants must wgieh their own understanding of the best course of action against how well they think other participants 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 __________. For example, _____ traders evaluate stocks not only based on earnings reports, but also on the value that others place on those numbers. And during penalty _____ in soccer, both the shooter and the goalie ______ whether to go right or left based on what they think the other person is thinking. Goalies often ________ the patterns of their opponents ahead of time, but penalty shooters know that and can plan accordingly. In each case, participants must _____ their own understanding of the best course of action against how well they think other participants understand the situation.

Solution

  1. kicks
  2. stock
  3. decide
  4. situations
  5. memorize
  6. weigh

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

collocation frequency
correct guess 2
game theorists 2

Important Words

  1. action
  2. based
  3. case
  4. decide
  5. earnings
  6. evaluate
  7. evidence
  8. goalie
  9. goalies
  10. kicks
  11. left
  12. memorize
  13. numbers
  14. opponents
  15. participants
  16. patterns
  17. penalty
  18. people
  19. person
  20. place
  21. plan
  22. play
  23. reports
  24. shooter
  25. shooters
  26. situation
  27. situations
  28. soccer
  29. stock
  30. stocks
  31. stop
  32. suggests
  33. thinking
  34. time
  35. traders
  36. understand
  37. understanding
  38. weigh