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Game Theory 101 MOOC (#7): Mixed Strategy Nash Equilibrium and Matching Pennies

Game Theory 101: The Complete Textbook on Amazon: http://www.amazon.com/gp/product/B005L7ANWC/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=B005L7ANWC&linkCode=as2&tag=gamthe101-20 What happens when a game has no pure strategy Nash equilibria? We must turn our attention to mixed strategy Nash equilibria, in which players randomize between two or more strategies. We… Continue Reading

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Game Theory 101 MOOC (#4): Pure Strategy Nash Equilibrium and the Stag Hunt

Game Theory 101: The Complete Textbook on Amazon: http://www.amazon.com/gp/product/B005L7ANWC/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=B005L7ANWC&linkCode=as2&tag=gamthe101-20 What happens when we have a game that doesn’t have any strictly dominated strategies? This video introduces the concept of Nash equilibrium. A Nash equilibrium is a set of strategies, one… Continue Reading