Can you think of an application of game theory, too? Please share an article, movie or TV video clip, or an original example of your own and be sure to fully explain how game theory can be applied, if there is a dominant strategy, and if there is a Nash equilibrium.

Sure, I can provide an example of game theory application in the popular TV show "Friends". In the episode "The One with Five Steaks and an Eggplant", the group receives a phone call intended for someone else. They decide to play along, which is a classic example of game theory.

Here's how game theory applies:

1. The decision to play along or not: Each character has two options - to reveal their true identity or to play along. This is the 'game' - a situation where the outcome depends on the decisions of others.

2. The dominant strategy: In this case, the dominant strategy for each character is to play along. This is because the potential benefit (having fun at the expense of the caller) outweighs the potential cost (the caller getting angry).

3. The Nash Equilibrium: This is a state of the game where no player can benefit from changing their strategy, assuming the other players keep theirs unchanged. In this case, the Nash Equilibrium is for all characters to play along. If any character deviates (i.e., reveals their true identity), the 'game' ends, and no one has fun.

Here's the clip from the episode: https://www.youtube.com/watch?v=3QGMCSCFoKA

In this clip, you can see how the characters' decision to play along or not creates a humorous situation, which is a direct result of their individual strategies and the resulting equilibrium.