-
-
What is Game Theory?
-
-
-
Elements of a Game
-
Normal Form Game
-
-
-
Nash Equilibrium Definition
-
Nash Equilibrium Example
-
-
-
Dominant Strategy
-
Coordination Game
-
-
-
Introduction and Definition
-
Example
-
Discussion
-
-
-
Brief Historical Interlude
-
-
-
Cournot Competition
-
-
-
Bayesian Games Overview
-
Example
-
-
-
Mixed Strategy Equilibrium in Cyber Security
-
-
-
Overfishing and Regulation
-
-
-
What We've Learned and What's to Come
-
8.2 Example » Quiz Solution
Question: Suppose there is a Bayesian game where player 1 can be one of 3 types and for each type, has 4 possible actions. How many strategies are there for player 1?
Answer: (e) 64
Explanation: Remember, that a strategy species an action for each type. That means
one strategy species an action for each of the four possible types. So one strategy might be
something like \If type A, take action 1, If type B, take action 1, if type C, take action 2."
Taking into account all possible combinations gives 64 total strategies.