How to find Nash Equilibrium in a 2X2 payoff matrix

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This video goes over the strategies and rules of thumb to help figure out where the Nash equilibrium will occur in a 2x2 payoff matrix. Generally you need to figure out what the dominant strategy is for each player and then use the dominant strategy of each player to see if a final cell ends up being the choice for both players. This is generally something that is reviewed during the oligopoly section of a course or perhaps during the game theory segment. You can find more information about this topic at: https://www.freeeconhelp.com/2012/02/how-to-find-nash-equilibrium-in-2x2.html

Published by: Free Econ Help
Published at: ۲ years ago
Category: آموزشی