3. Nash Equilibrium in Extensive Games: The Case of Entry-Deterrence Game (Game Theory Playlist 6)

In this episode we describe the famous entry-deterrence game between an incumbent firm and an entrant. We discuss the Nash equilibrium of this game and define a new concept; non-credible threat.
It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.

[@n_g8464]

Very helpful, thank you!!

[@angiea1993]

amazing amazing... thank u so much !!

[@emptyxnes]

Thank you for this playlist Dr. Ozyurt. Do you happen to have a video explaining the strategies? For example in this game, Player 1 has 2 strategies. While player 2 has 4 strategies. (In, Price war), (In, Accommodate), (Out, Price War), (Out, Accommodate). Perhaps one with multiple nodes and multiple players. Thank you

[@ivanfranco3876]

In this game, both players only have 2 strategies. The strategies for player 1 are {IN, OUT} and the strategies for player 2 are {Price war, Accommodate)

[@longname6117]

You should be able to find it in Game Theory Playlist 1 'Strategy in Games' or somewhere there