Strict and Weak Dominance in Game Theory
Like the content? Buy me a coffee? !! Thanks so much !! https://www.buymeacoffee.com/econhelp Hi everyone in this video I discuss the difference between strictly dominant and weakly dominant strategies in game theory. 0:00 Introduction 0:25 Definitions 1:52 An example of a strictly Dominant Strategy (Down Strictly Dominates Up, Up Strictly Dominated by Down) 4:14 An Example of a Weakly Dominant Strategy (Down Weakly Dominates Up, Up Weakly Dominated by Down) 6:40 Strict Dominance Implies Weak Dominance Other Videos: See here for video introducing the concepts of Nash Equilibrium, Dominant Strategies and Dominant Strategy Equilibrium: • Nash Equilibrium, Dominant Strategies and ... • Game Theory: Three Examples of Simultaneou...
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