Econ546MCLec2

U d yes l 0 1 1 1 r 4 0 2 1 m ultiple n ash e

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Unformatted text preview: 1 3, 6 N ASH E QUILIBRIUM AND D OMINANCE Can there be a Nash Equilibrium in which some player uses a weakly dominated strategy? U D Yes! L 0, 1 1⇤ , 1⇤ R 4⇤ , 0⇤ 2, 1⇤ M ULTIPLE N ASH E QUILIBRIA In games that have multiple Nash Equilibria, can we make a finer prediction? trust mistrust trust 100, 100 0, 0 mistrust 0, 0 2, 2 trust mistrust trust 100, 100 0, 100 mistrust 100, 0 2, 2 Pareto Dominance, Risk Dominance and Coordination. Literature on Equilibrium Selection. W HY N ASH E QUILIBRIUM ? I Reasoning. Epistemic Game Theory I Learning. Theory of Learning in Games I Evolution. Evolutionary Game Theory N ASH E QUILIBRIUM AND W EAK D OMINANCE Can a unique Nash Equilibrium entail the use of weakly dominated strategies? a b c d e 9, 2 2, 3 8, 5 1, 6 f 7, 3 3, 1 7, 8 2, 4 g 1, 4 5, 2 1, 8 2, 4 h...
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This document was uploaded on 03/23/2014.

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