Game Theory 101 (#7): Mixed Strategy Nash Equilibrium and Matching Pennies
Game Theory 101: The Complete Textbook on Amazon: https://www.amazon.com/Game-Theory-10... http://gametheory101.com/courses/game... What happens when a game has no pure strategy Nash equilibria? We must turn our attention to mixed strategy Nash equilibria, in which players randomize between two or more strategies. We use matching pennies--the classic game of two diametrically opposed players--to illustrate the concept.
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