Game and Decision Theory
Explore strategic models; randomization and sequential games; uncertainty and collective decisions. Concepts and connections are available independently of video coverage.
FOLLOW AN IDEA
Dominant strategies
A dominant strategy is at least as good against every opponent choice, with strength depending on the definition.
Explore concept graph · Explore connected videos
Different ways to understand it
No reviewed video yet. Explore the concept in a map or suggest a resource. Suggest a video
More concepts to explore
Best responses
A best response maximizes a player's payoff given opponents' strategies.
Normal-form games
Players, strategies and payoff functions define a normal-form game.
Backward induction
Reasoning backward from terminal choices solves finite perfect-information games under appropriate preferences.
Bayesian games
Players' private types and beliefs extend strategic analysis to incomplete information.
Expected utility
Expected utility evaluates uncertain outcomes using probabilities and a utility function.
Knowledge connections
- Normal-form games · Related · Map context
- Best responses · Related · Map context