Game theory 101
game theory made easy
Bargaining and More
Expected Utility Theory
How NOT to Write a Mixed Strategy Nash Equilibrium
This lesson shows why you should not use decimals to express mixed strategy Nash equilibria. Use fractions instead!
Fractions are more precise than decimals. For example, 1/3 is not equal to .33.
Even slight differences like 1/3 versus .33 mean that a player has a profitable deviation, and thus the "equilibrium" you have is not an equilibrium at all.
Be safe and express everything as a fraction.
Battle of the Sexes