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Game theory basics
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Module 1
Foundations of Strategic Games
1
The Three Pillars of a Game: Players, Strategies, and Payoffs
Define the key components of a game: players, strategies, and payoffs.
Payoff Matrices for Simultaneous-Move Games
Represent a simultaneous-move game using a payoff matrix.
3
The Prisoner's Dilemma: Individual vs. Collective Rationality
Analyze the Prisoner's Dilemma to understand the conflict between individual and collective rationality.
4
Classifying Games: Zero-Sum, Non-Zero-Sum, Symmetric, and Asymmetric
Classify games based on their properties: zero-sum vs. non-zero-sum, and symmetric vs. asymmetric.
Calculating Expected Payoffs in Games
Calculate the expected payoff of a player's strategy given the strategies of others.
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Dominance and Nash Equilibrium