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9. Mixed strategies in theory and tennis

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Game Theory (ECON 159)Uploaded 25-11-08We continue our discussion of mixed strategies. First we discuss the payoff to a mixed strategy, pointing out that it must be a weighed average of the payoffs to the pure strategies used in the mix. We note a consequence of this: if a mixed strategy is a best response, then all the pure strategies in the mix must themselves be best responses and hence indifferent. We use this idea to find mixed-strategy Nash equilibria in a game within a game of tennis.00:00 - Chapter 1. Mixed Strategies: Definition06:02 - Chapter 2. Mixed Strategies: Examples22:20 - Chapter 3. Mixed Strategies: Direct and Indirect Effects on the Nash Equilibrium27:05 - Chapter 4. Mixed Strategies and the Nash Equilibrium: ExampleComplete course materials are available at the Yale Online website: online.yale.eduThis course was recorded in Fall 2007. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

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