Documents Game Theory II

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:…

Documents Game Theory II. Definition of Nash Equilibrium A game has n players. Each player i has a strategy...

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…

Documents Micro Review Game Theory and Taxation Dominant Strategy One strategy is better for a given player,.....

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…