Game Theory 2 – chap07. Nash Equilibrium & Location Game
Learn about Nash equilibrium, a third way to make predictions in normal-form games. We will also see how to find a Nash equilibrium in a Location game.
Learn about Nash equilibrium, a third way to make predictions in normal-form games. We will also see how to find a Nash equilibrium in a Location game.
Learn about rationalizability, a second way to predict in normal-form games. Examine the difference between 2-player and 3-player games in terms of ISD and BR.
Learn about strict/weak dominant/dominated strategies and see an example of an ISD, which stands for iterated strict dominance.
Of the three elements of a normal form game, we’ll look at strategy, and how to choose a strategy that maximizes the expected payoff under a given belief.
Analyze the four elements of a normal form game, consider the payoff function, and work through an example. We will also learn about mixed strategies, which represent probability distributions over the strategy space.
Learn about interactive knowledge among the classifications of game theory, and the difference between common knowledge and public knowledge.
Learn what game theory is and how to use it to make decisions based on complete/incomplete information and simultaneous/sequential players.