Тёмный

6. Calculating Mixed Strategy Nash Equilibrium of a 3 x 3 Game: An Example (Game Theory Playlist 4) 

selcuk ozyurt
Подписаться 22 тыс.
Просмотров 44 тыс.
50% 1

In this episode I calculate the pure and then mixed strategy Nash equilibria of a 3 x 3 game. After Iterated elimination of strictly dominated strategies, the game is reduced to a 3 x 2, and then I show how we conduct a full analysis to find all mixed Nash equilibria.
It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.

Опубликовано:

 

8 сен 2024

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 17   
@mauriciolagosrogers3498
@mauriciolagosrogers3498 2 года назад
you have a superpower: the ability of taking difficult things and explain them in an easy way.
@TheDiscountedKnowledge
@TheDiscountedKnowledge 4 месяца назад
Your explanation is absolutely amazing. I took MIT's Game Theory course on Coursera, and unfortunately they cannot explain some of the basic concepts. Knowing something is different from being able to teach what you know.
@nickli7517
@nickli7517 2 года назад
Saved my life :D
@kpoper2000
@kpoper2000 2 года назад
Thank you!! This was so useful
@e-k4110
@e-k4110 2 года назад
hocam supersiniz
@PankajKumar-ot3mg
@PankajKumar-ot3mg 2 года назад
great lecture
@gabrielesacchitella9548
@gabrielesacchitella9548 2 года назад
incredible
@evrenaydn8991
@evrenaydn8991 Год назад
hocam teşekkür ederiz bu kanal için
@hiddecroes8053
@hiddecroes8053 11 месяцев назад
how are you so quick to remove strategy L, but need to take the time to calculate probabilities for strategy D. Player 2 will never choose L because there is always a better outcome from switching to M, but the same can be said for player 1 and D right. If player 2 chooses M, player 1 can choose C and if player 2 chooses R, player 1 can choose U. why can't you remove D as an option?
@anthonylewallen9335
@anthonylewallen9335 3 месяца назад
Because the definition of dominance is when one strategy does at least as well as and in some cases strictly better than any other strategy no matter what the opposing player does. Taking this definition into mind then this means if we look at player 2. M dominates L because 4 > 3, 6 > 3, and 5 > 2. However for player 1 U does not dominate D because 10 > 7, 2 < 5, and 6 > 3. Here we see that while U does better than D in 2 cases (when player 2 chooses L and R) U does worse than D when player 2 chooses M. If U were 10 5 and 6 then it would dominate D because it would be 10 > 7, 5 = 5, and 6 > 3 so if that were the case then yes it would dominate D but it doesn't because 2 < 5. So considering that L is never going to be played by player 2 because it is strongly dominated by M, and no strategies for player 1 are dominant, each player is might be better off using a mixed strategy. But you'd have to calculate the expected payoffs. If we are talking about Pure Strategy then the best response is (U, M) payoff of (6,6).
@user-yd9cg9rl7s
@user-yd9cg9rl7s 11 месяцев назад
I love it!! Thank you very much😄
@mahamadykontiliguissomko3229
@mahamadykontiliguissomko3229 2 года назад
Very useful , thanks sir
@taemi5507
@taemi5507 9 месяцев назад
given that player 1 never chooses the 3rd strategy, that has to mean it is strictly dominated? There is always one strategy better for him than the third one (D), he has no reason to play it?
@Mma-vb2io
@Mma-vb2io 4 месяца назад
this is great but could you please show how to solve a 3x3 game where the NE is both players mixing between all three strategy?
@Chris-xq1xp
@Chris-xq1xp 10 месяцев назад
why do you switch the inequality sign at 7:51? Please help I have a midterm tomorrow
@SamyuktaNeeraj
@SamyuktaNeeraj 6 месяцев назад
If D is strictly dominated for a particular r, does that mean we can eliminate it from the table?
@amirreza6019
@amirreza6019 3 месяца назад
Of course, this is part of the IESDS which applies for the mixed strategies too. If the mixed strategy has a better payoff for a player than the pure strategy , therefore one can eliminate the dominated strategy.
Далее
Mixed Strategy Nash Equilibrium
11:44
Просмотров 39 тыс.
The World's Best Mathematician (*) - Numberphile
10:57
The Test That Terence Tao Aced at Age 7
11:13
Просмотров 4,3 млн
GTO-2-03: Computing Mixed-Strategy Nash Equilibria
11:46
Mixed Strategies Nash Equilibrium: Intuition
10:18
Просмотров 39 тыс.
5. Nash equilibrium: bad fashion and bank runs
1:09:14
Просмотров 143 тыс.