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7

A Random Walk—Dealing with Chance Events

Lecture no. 7 from the course: Games People Play: Game Theory in Life, Business, and Beyond

A Random Walk—Dealing with Chance Events

Taught by Professor Scott P. Stevens | 30 min | Categories: The Great Courses Plus Online Economics & Finance Courses

Many games include aspects that depend on random chance. Probability theory addresses such uncertainties. Using a simultaneous, two-player game, Professor Stevens shows you how to use probability to define the expected (or average) value of a payoff in an uncertain situation.

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i********m
July 2, 2017

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p********m
September 13, 2016
Love It! Exciting Subject!. :)

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