Dominant Strategy, Nash Equilibrium & Dominant Strategy Equilibrium in Simultaneous Move Games
econhelp econhelp
10K subscribers
128,513 views
0

 Published On Jan 14, 2021

Hi Everyone, this video is intended as an introductory video to Simultaneous Move Games in Game Theory. I review the set-up of a game, Nash Equilibrium, Dominant Strategies and Dominant Strategy Equilibrium.

See here for a video showing three other examples of simultaneous move games, including some without dominant strategies:    • Game Theory: Three Examples of Simult...  

Here is one example without a Nash equilibrium:    • A Simultaneous Move game with no Nash...  

Introduction 0:00
Set-up of Simultaneous Move Games 0:27
Nash Equilibrium - Finding Best Responses 1:47
Mary's Dominant Strategy 3:25
Harley's Dominant Strategy 4:34
Finding Nash equilibrium from Best Responses 5:00
Dominant Strategy Equilibrium 6:28
Review 6:47

Thanks to all my subscribers xoxo

show more

Share/Embed