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Game theory basics
·
Module 3
Mixed Strategies and Equilibrium Refinements
1
Mixed Strategies: Beyond Pure Nash
Explain the rationale for mixed strategies when no pure-strategy Nash Equilibrium exists.
2
Mixed-Strategy Nash Equilibria in 2x2 Games
Calculate mixed-strategy Nash equilibria in 2x2 games using the indifference principle.
3
Mixed-Strategy Equilibria: Probabilistic Actions and Beliefs
Interpret mixed-strategy equilibria as probability distributions over actions and beliefs about others' play.
Mixed Strategies in Classic Games
Apply mixed strategies to classic games like Matching Pennies and Battle of the Sexes.
Selecting Equilibria in Games
Apply equilibrium selection criteria (e.g., Pareto dominance, risk dominance) to games with multiple equilibria.
Previous module
Dominance and Nash Equilibrium
Next module
Sequential Games and Strategic Moves