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What is Game Theory?
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Elements of a Game
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Normal Form Game
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Nash Equilibrium Definition
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Nash Equilibrium Example
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Dominant Strategy
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Coordination Game
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Introduction and Definition
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Example
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Discussion
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Brief Historical Interlude
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Cournot Competition
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Bayesian Games Overview
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Example
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Mixed Strategy Equilibrium in Cyber Security
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Overfishing and Regulation
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What We've Learned and What's to Come
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5.3 Discussion » Quiz Solution
Question: Let p be the probability that player 2 chooses C in the game below. What is the value of p such
that player 1 is indierent between choosing C and choosing S?
Answer: (d)
Explanation: Player 1's utility from playing C is . Player 1's utility from playing S is
. Setting them equal gives
.