Game Theory: Payoff Matrix, Best Response, Dominant Strategy,

Game Theory: Payoff Matrix, Best Response, Dominant Strategy, and Nash Equilibrium

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This video summarizes how we can look at a payoff matrix for a game such as the Prisoner's Dilemma. The video covers basic game theory techniques how to read a payoff matrix, how to compute a best response, how to compute a dominant strategy and how to determine a Nash Equilibrium from a payoff payoff matrix.
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