When I first learned about Game Theory I was rather confused, but the matrix really helped. What also helped was Seinfeld. In this clip George isn't sure if he's been offered a job or not because the guy offering him the job didn't finish extending the offer because he had to take a call, and to top it off he'll be on vacation for another week. George is very uncertain whether an offer was actually made, so he decides that the best strategy is to just "show up" for work. If he actually got the job, then he made the right move. If however, he was not offered the job, then he'll merely be embarrassed. Therefore, in George's position he believes the benefits of "showing up" outweigh the costs.
I design, plan, and evaluate economic development programs for Utah State University.
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