Game Theory Definitions
Game Theory and its Applications (FEM11056)
Erasmus Universiteit Rotterdam
Aanbevolen voor jou
Reacties
Gerelateerde documenten
- Parts 2-3 definitions
- Week1 solutions
- Compulsory declarations Game Theory and Its Applications Exercises Week 1 - Normal Forms, Actions and Strategies, Dominant and Dominated Strategies, SD, NE
- Practical Game Theory and its applications Exercises Week 1RN
- Lecture notes Game Theory and Its Applications Introduction
- Lecture notes Game Theory and Its Applications, Part 1-5
Preview tekst
Game Theory Definitions dominant strategy: Strategy 6 Si is a strictly dominant strategy for player i if is strictly better than any other strategy 5,3 irrespective of the strategy of the other players, i., if. 0 e and E 5.) 14(53, s_i) dominated strategy. Strategy si e is a strictly dominated strategy for player i if there is another strategy 5 which is better than 5: irrespective of the strategy of the other players, i., if 0 6 Si: V54 6 WW Strategysi 6 Si isaweaklydominatedstrategyofplayeriifthere whichisnot worse than and sometimes is strictly better than si, i., if E vi(si,s) S O as! E , , , E Strategysf E isabest response to e ofotherplayers ifno otherstrategy 6 Si is better, 12a, V55 5 Si: 2 MM ngE: 0 Strategy (5:. is a NE if si for each player Strategy (Si. 54) is a NE if: 0 2 for all e and all i NEsummary: inorderto ofBRs solving them as a system of equations. We never forget to compute Never nse Rstra . Strategy E is a (NBR) strategy for player i if for any E S of the other players there is another strategy 5,5 which is strictly better than 5i, 1242., if 0 E 6 Si: S . l l . 1 Strategy 6 Si is a strictly dominated strategy for player i if there is another strategy 5 which is better than si irrespective of the strategy s_i of the other players, i., if 0 35,5 6 Si: V54 6 vi(s,3,s_i) Rati le s Strategy E is a rationalizable strategy if it survives the process of IENBR
Game Theory Definitions
Vak: Game Theory and its Applications (FEM11056)
Universiteit: Erasmus Universiteit Rotterdam
Aanbevolen voor jou
Andere studenten bekeken ook
Gerelateerde documenten
- Parts 2-3 definitions
- Week1 solutions
- Compulsory declarations Game Theory and Its Applications Exercises Week 1 - Normal Forms, Actions and Strategies, Dominant and Dominated Strategies, SD, NE
- Practical Game Theory and its applications Exercises Week 1RN
- Lecture notes Game Theory and Its Applications Introduction
- Lecture notes Game Theory and Its Applications, Part 1-5