
We finish off our brief introduction to the element of surprise via mixed strategies by showing how mixed strategy Nash Equilibria can be found in in other 2x2 games. Then we start a new topic : games of imperfect and asymmetric information. Here, uncertainty remains a key feature, but different agent's have different uncertainties, or put another way, different agent's have different bits of private information that might be relevant to the game. We set up a venture capitalist example from Kreps'
Microeconomics for Managers in the latter half of this lecture (for this and the next lecture)