Material Detail

Lecture 9 -  Mixed strategies in theory and tennis

Lecture 9 - Mixed strategies in theory and tennis

This video was recorded at ECON 159 - Game Theory. We continue our discussion of mixed strategies. First we discuss the payoff to a mixed strategy, pointing out that it must be a weighed average of the payoffs to the pure strategies used in the mix. We note a consequence of this: if a mixed strategy is a best response, then all the pure strategies in the mix must themselves be best responses and hence indifferent. We use this idea to find mixed-strategy Nash equilibria in a game within a game of tennis. Reading assignment: Strategies and Games: Theory And Practice. (Dutta): Chapters 8-9 Strategy: An Introduction to Game Theory. (Watson): Chapter 11 Thinking Strategically. (Dixit and Nalebuff): Chapter 7 Resources: Problem Set 4 [PDF] Handout on Mixed Strategies [PDF] Blackboard Notes Lecture 9 [PDF]

Quality

  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.