Are equilibria a good predictor for real-life behaviour? with Colin Camerer

In this episode we explore the most classical topic from Game Theory – equilibrium analysis. Our guest Colin Camerer shares insights on the game LUPI ('lowest unique positive integer'). We first discuss the actual mathematical equilibrium analysis and then dive into real life: results from a Swedish game show in which the game was played in a lottery format. Colin also compares the results from the game show with a study of the same game in a controlled lab environment. We finish the episode by deep-diving into level-k reasoning and Colin shares an example based on the role of published movie reviews. Colin Camerer is the Robert Kirby Professor of Behavioral Economics at Caltech. His research interests include decisions, games, and markets .

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Are equilibria a good predictor for real-life behaviour? with Colin Camerer is an episode from Game Changer - the game theory podcast by TWS Partners.

This episode is 28:30 long.

This episode was published on Nov 12, 2025.

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