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Intro to Game Theory and the Dominant Strategy Equilibrium
3:59
YouTubeThe Economics Detective
Intro to Game Theory and the Dominant Strategy Equilibrium
http://economicsdetective.com/ Game theory is the study of human behaviour in strategic settings. It is used to solve some of the harder problems in economics. So what is a game? To have a game, you need at least two players, sometimes called agents, or, if you want to be really crazy, people. And you need payoffs for the players, you need to ...
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