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Game Theory 101: Pure Strategy Nash Equilibrium and the Stag Hunt

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=gamthe101-20What happens when we have a game that doesn't have any strictly dominated strategies? This video introduces the concept of Nash equilibrium. A Nash equilibrium is a set of strategies, one for each player, such that no player has incentive to change his or her strategy given what the other players are doing. This video shows how to find pure strategy Nash equilibria by looking at each individual outcome and checking for profitable deviations.Nash equilibrium is the most important topic in game theory, so we will spend a lot of time further dissecting it.
Length: 08:22

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