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40. Basics of Game Theory: Normal Form Games

In this video, I demonstrate how to solve 2x2 games for the pure strategy Nash equilibria. I give two examples: (1) The Cartel Competition game, which has the same structure as the Prisoner's Dilemma, and (2) The Battle of the Sexes, which is a coordination game. For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html This video goes along with my textbook, "Intromediate Microeconomics," which is available for purchase ($18 for an E-book with solutions) at: http://www.lulu.com/cookson
Length: 09:28

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