Game theory 101
game theory made easy
Bargaining and More
Expected Utility Theory
Iterated Elimination of Strictly Dominated Strategies
This lesson shows how to use strict dominance to simplify games.
We may remove strictly dominated strategies from a game matrix entirely.
A reduced matrix will still give us all the necessary information we need to solve a game.
We may continue eliminating strictly dominated strategies from the reduced form, even if they were not strictly dominated in the original matrix. (Note this follows directly from the second point.)
The Stag Hunt and Pure Strategy Nash Equilibrium