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  • Game Dominant Strategies NE Notes

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    Maddi Choudhury
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    This document summarizes several game theory models: - The Prisoner's Dilemma game has a single Nash equilibrium where both players confess. - Pure coordination, assurance, and battle of the sexes games each have two Nash equilibria depending on whether players choose the same or different options. - The stag hunt game has two Nash equilibria but one is risk dominant while the other is payoff dominant. - The chicken game also has two Nash equilibria depending on whether the players choose to swerve or go straight, with the goal of avoiding the same strategy.

    Original Description:

    Different game tables and their solution.

    Original Title

    Game Table Summarised

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    This document summarizes several game theory models: - The Prisoner's Dilemma game has a single Nash equilibrium where both players confess. - Pure coordination, assurance, and battle of the sexes games each have two Nash equilibria depending on whether players choose the same or different options. - The stag hunt game has two Nash equilibria but one is risk dominant while the other is payoff dominant. - The chicken game also has two Nash equilibria depending on whether the players choose to swerve or go straight, with the goal of avoiding the same strategy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views2 pages

    Game Dominant Strategies NE Notes

    Uploaded by

    Maddi Choudhury
    This document summarizes several game theory models: - The Prisoner's Dilemma game has a single Nash equilibrium where both players confess. - Pure coordination, assurance, and battle of the sexes games each have two Nash equilibria depending on whether players choose the same or different options. - The stag hunt game has two Nash equilibria but one is risk dominant while the other is payoff dominant. - The chicken game also has two Nash equilibria depending on whether the players choose to swerve or go straight, with the goal of avoiding the same strategy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Game

    Dominant
    Strategies
    2 dominant
    strategies
    A Confess
    B - Confess

    NE

    Pure Coordination

    None.

    2NEs
    Starbucks,
    Starbucks
    Costa, Costa

    Assurance

    None.

    2NEs
    Starbucks,
    Starbucks
    Costa, Costa

    Stag Hunt

    None.

    2NEs
    Stag, Stag
    Hare, Hare

    Battle of the Sexes

    None.

    2NEs
    Starbucks,
    Starbucks
    Costa, Costa

    Prisoners Dilemma

    Notes

    1NE
    Confess,
    Confess.

    Sally and
    Harry prefer
    either
    Starbucks or
    Costa.
    Both yield 0,0
    if Starbucks,
    Costa as the
    objective is
    to both meet
    at one place.
    Sally and
    Harry both
    prefer the
    higher NE:
    Starbucks,
    Starbucks
    Only payoff
    dominant. No
    risk
    dominance.
    Similar to
    Assurance
    game.
    Except this
    game has:
    Risk
    Dominant NE:
    Hare, Hare.
    Payoff
    Dominant NE:
    Stag, Stag.
    Sally and
    Harry each
    refer a
    different NE.

    The Chicken Game

    None.

    2NEs
    Straight,
    Swerve
    Swerve,
    Straight

    Both players
    want to avoid
    the same
    strategies.

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