Y2 - Strategy

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Summary

Week 2

Universiteit van Amsterdam · Economics and Business Economics

Y2 - Strategy

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Motivation: Why Mixed Strategies?
Mixed Strategy: Definition
Key Idea: Expected Payoffs (vNM Preferences)
Penalty Game Intuition
Mixed Strategy Nash Equilibrium (MSNE)
Core Principle of Mixed Equilibrium
Example: Rock–Paper–Scissors
How to Find Mixed Strategy NE (General Method)
Best Response Functions (2×2 Games)
Important Properties of Mixed Equilibria

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