Game Theory II Definition of Nash Equilibrium A game has n players. Each player i has a strategy set Si This is his possible actions Each player has a payoff function pI:…
Slide 1 Game Theory II Slide 2 Definition of Nash Equilibrium A game has n players. Each player i has a strategy set S i –This is his possible actions Each player has a…
Micro Review Game Theory and Taxation Dominant Strategy One strategy is better for a given player, regardless of what his/her opponent chooses to do Uptown: Dominant Strategy…