Ted Lasso – Common Knowledge

Warning: this scene does contain explicit language

In this scene, Beard and Roy are trying to decide how to use their new star player in a match against a former coach from their team, who is familiar with their tactics and players. This creates a common knowledge problem because both Beard and Roy need to make a decision based on what they think the other person knows, what they think the other person thinks they know, and so on.

The problem is that neither Beard nor Roy can be certain about what Nate is thinking or planning, and this uncertainty can make it difficult to make the best decision for the team. In other words, they need to have common knowledge of each other’s intentions and strategies in order to make an informed decision. This common knowledge problem is an example of how information asymmetry can create challenges in decision-making.

Rod Wave – Fight The Feeling

This song is about a girl in emotional pain following a breakup. Rod Wave watches her dancing and pretending she’s fine, but he can see she’s hurt behind her makeup, her look, and her attitude. He recognizes someone hiding their feelings because he’s one of them: he had a story of pain as well, and hiding feelings is something he knows very well.

The video can be a good segue into a conversation about sunk costs. The time we spend thinking about past romances doesn’t allow us to move on to better things. The past is sunk and can’t be recovered, so it shouldn’t be factored into how we make decisions. Unfortunately, that’s easier said than done.

Thanks to Brad Scott for the recommendation!

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