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What Basic Game Theory Teaches Us About Startups

What Basic Game Theory Teaches Us About Startups

11 segments available

Dalton Caldwell and Michael Seibel discuss the problems with zero sum games within tech culture. Is your startup making a positive impact on the world or are your business practices a net negative in society? Apply to Y Combinator: https://yc.link/DandM-apply Work at a Startup: https://yc.link/DandM-jobs Chapters (Powered by https://bit.ly/chapterme-yc) - 00:00 - Introduction 00:29 - Zero sum definition 02:09 - Gambling 04:08 - Fooling other people 05:12 - Extreme zero sum 07:53 - Positive sum game 08:48 - FOMO economy 10:00 - Losing lessons 11:03 - Build enduring value 14:22 - Your legacy 17:09 - Support positivity #startups #gametheory #tech

Segments Timeline

1
0:00 - 0:30
0:30 duration78 words

Introduction

"they never get the lessons in little dabs along the way like you know as kids we're used to getting these little lessons along the way for these zero-sum games often the lesson just comes fast and har..."

2
0:30 - 2:10
1:40 duration307 words

Zero sum definition

"of in our lifetimes it seems like it's something that comes and goes pretty pretty often why don't we start with kind of the first time you've encountered a zero-sum game and almost like how you got t..."

3
2:10 - 4:08
1:58 duration320 words

Gambling

"literally gambling is like the textbook zero-sum game if we play poker the money that you win came out of someone else's pocket right if you any kind of sport unless you're the house which that's the ..."

4
4:08 - 5:13
1:04 duration175 words

Fooling other people

"quote-unquote gambling out there well think about it okay so poker is a game i played a lot um i'm sure you have two and in poker the rules are it's okay to bluff and you're rewarded like the game is ..."

5
5:13 - 7:54
2:41 duration419 words

Extreme zero sum

"you know back in the day in the u.s i was reading this biography of morgan stanley and like one of the things that happened in the early night in the in the early 1900s before a lot of the financial r..."

6
7:54 - 8:49
0:55 duration150 words

Positive sum game

"that like it's so obvious the society we lived in we live in today was built by people who were playing positive some games so what it's really is is like those people created like a little bit of exc..."

7
8:49 - 10:01
1:12 duration204 words

FOMO economy

"people are getting rich out there and i'm missing out like i think that we've been in the last four or five years in a zone where like people are kind of seeing people out there getting rich with game..."

8
10:01 - 11:03
1:01 duration193 words

Losing lessons

"failed to do positive some games they almost always learned something or advanced in some way like they almost always took something from that game with them that made them better off even if they did..."

9
11:03 - 14:22
3:19 duration602 words

Build enduring value

"positive so again like we're seeing all the what is right side what's the what's the advice like how can you make sure what you're doing is positive some and like how can you build enduring value and ..."

10
14:22 - 17:09
2:46 duration489 words

Your legacy

"legacy you know we were joking we know a lot of rich and unhappy people and i think the reason the core reason why those people are unhappy is because they're cons concerned about their legacy like th..."

11
17:09 - 19:00
1:50 duration274 words

Support positivity

"other message is if you've got a friend who's doing the positive sum game give him a pat on the back give her a pat on the back like they're probably taking it on the chin right now but like man at le..."