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MrWhy.com » Videos » Lecture 4 - Best Responses in Soccer and Business Partnerships, Game Theory |
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Lecture 4 - Best Responses in Soccer and Business Partnerships, Game Theory
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Lecture 4 - Best Responses in Soccer and Business Partnerships, Game Theory
We continue the idea (from last time) of playing a best response to what we believe others will do. More particularly, we develop the idea that you should not play a strategy that is not a best response for any belief about others' choices. We use this idea to analyze taking a penalty kick in soccer. Then we use it to analyze a profit-sharing partnership. Toward the end, we introduce a new notion: Nash Equilibrium.
Video Length: 0
Date Found: April 18, 2009
Date Produced:
View Count: 80
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