What is the concept of Game Theory you think its too powerful in real life and why?
Hi Community!
After posting "What are the limits of Game Theory?" I started to convince myself that there is still a lot of work to do in the field. We still have too "unrealistic" ( hard to model ) assumptions that are hard to apply in a extreme chaotic world.
Everyday, I've been keep learning new games and concepts. The one that capted my attention is called "bounded rationality" wich kinda explains why nash equilibrium not often happen.
So, I want to call the experts!!!
How far and deep have you reached in trying to apply Game Theory in real life to obtain some kinda of edge among others? Did you had theoricaly advantage at least?
I love you all, my dear community!
From: A noobie in Game Theory