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Game Theory 101 (#33): A Trick with Weak Dominance
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Game Theory 101 Full Course - Game Theory 101 (#33): A Trick with Weak Dominance

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  • 13.5 hours of video
  • Certificate of completion
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Game Theory 101: The Complete Textbook on Amazon: https://www.amazon.com/Game-Theory-101-Complete-Textbook/dp/1492728152/ http://gametheory101.com/courses/game-theory-101/ Weak dominance usually causes us headaches. Here, however, is one bright spot. If your opponent is mixing among all her strategies, you cannot play a weakly dominated strategy in response in equilibrium. This lecture explains why and provides an example using the take-or-share game, which is commonly featured on the U.K. game show Golden Balls and the U.S. game show Friend or Foe.

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