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Game Theory 101: Probability Distributions

Game Theory 101: The Complete Textbook on Amazon: http://www.amazon.com/gp/product/B005L7ANWC/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=B005L7ANWC&linkCode=as2&tag=gamthe101-20Making slight changes to a player's payoff changes the game's mixed strategy Nash equilibrium. Rather than solve all of these minor changes individually, it would be nice if we had a general formula which could solve all versions of a game at once. We will work toward that in this unit.However, to ensure that the results of the generalized game actually make sense, we must be able to correctly identify valid probability distributions. This lecture is the first step in that direction.
Length: 09:24

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