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Oct
15
2007
coordinationgame theorybest responsech2nash equilibriumsimultaneous game Posted by John, 15-10-07 8:23pm
Lecture 9, 2007
johnhappySimultaneous games, cont'd. We introduce "best response" type reasoning in simultaneous games, compare it with "dominance" reasoning, then use it to introduce the key idea of Nash Equilibrium. Then we use it to examine an important strategic tension in coordination games, starting with simple 2x2 coordination games: pure coordination, assurance, battle of the sexes, chicken. The class ends introducing the minimum effort coordination game.

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