Game theory 101
game theory made easy
game theory made easy
The Mixed Strategy Nash Equilibrium Algorithm
This lesson shows the algorithm we use to solve for mixed strategy Nash equilibrium in simple 2x2 games.
Takeaway points:
Next lesson: How NOT to Write a Mixed Strategy Nash Equilibrium.
Back to all lectures.
Takeaway points:
- If there is a mixed strategy Nash equilibrium, it usually is not immediately obvious. (So do not let matching pennies lull you into believing this is easy!)
- However, there is a straightforward algorithm that lets you calculate mixed strategy Nash equilibria. We will employ it frequently.
Next lesson: How NOT to Write a Mixed Strategy Nash Equilibrium.
Back to all lectures.