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Poker is perfect for learning game theory, but what does that have to do with real life?

Are there applications of game theory to real life, and if so, what are they?

And the conclusion that I reached is the best application of game theory to real life,

or among the best, is competitive negotiations. Because we are involved in competitive

negotiations constantly, but we rarely think about them as competitive or

analyzable with game theory. In fact, it used to be commonplace that human beings would

haggle with each other on a daily basis, at least in the US, and it's true in a lot of

highly developed countries. Essentially, we've eliminated haggling from most transactions,

almost all. People don't really haggle with their electric company very often.

Welcome to Home Me Back. And I think for the first time we have an episode where I couldn't

let's tell you what the topic was. Well, we sort of started in one place and ended up in a

different place, right? Yes, and let me give you some context here. So initially, we were going to

have a three-part series with the three big vices, drinking gambling and sex. And this was supposed

to be our episode on gambling. Actually, this was supposed to be our episode on sex, but every time

...