Game theory 101
game theory made easy
Bargaining and More
Expected Utility Theory
Mixing among Three Strategies
We finally solve for the mixed strategy Nash equilibrium of the modified rock paper scissors game.
Solving for equilibria involving three strategies is just a generalization for the mixed strategy algorithm for two strategies.
The logic is not particularly daunting, but the number of equations is. Be careful with each step, as a single mistake will ruin the solution.
Next lesson: You are all done! Time to
apply what you learned