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Game Theory 101 (#13): Weak Dominance

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21.10.2023 22:07
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00:05:49
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Обучение

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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/

A weakly dominated strategy is a strategy that is never better than another strategy and sometimes worse. Would a player ever want to play a weakly dominated strategy? That answer may not be so obvious. Sometimes, a player earns more in a Nash equilibrium by playing a weakly dominated strategy than he earns in any other Nash equilibria. As a result, we cannot easily dismiss weakly dominated strategies as inherently foolish.

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