It can see that this would be a very large topic and will continue through the academic life.
Later, We will dive into the course I study in University of Macau. ECON4001 Game Theory
Basic Concepts
All Game Theory contains 3 concepts:
- Participants;
- Strategies;
- Payoffs.
Different Kinds of Games
Pure-Strategy Nash Equilibrium
Mixed-Strategy Nash Equilibrium
Some Knowledge Points
What is Extensive Form for a Game
Iterated Dominance
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Although Iterated Dominance is very useful, but in the most of the time it doesn’t work very well. The we have to introduce the Nash Equilibrium.
One-Third of the Average Example