Dominant Strategy, Nash Equilibrium & Dominant Strategy Equilibrium in Simultaneous Move Games

[@ellieg5636]

I am a sophomore at UW-Madison and i have my Econ 101 final today. Thank you for this thorough description, you just saved my grade!!!

[@econhelp_official]

Ooooo goodluck! @Ellie_G!!! Big deep breaths, I hope you do really well!!

[@furumibbyong957]

This video saved me 3 hour of lecture lol. The best, thank u so much!

[@econhelp_official]

Glad it helped and thanks so much for the comment! 😊😊😊

[@VeronicaESSIEN-z5k]

I have been trying to understand this for the past three hours and you just saved me. Honestly, thank you

[@econhelp_official]

I’m so glad! Thanks for the comment and good luck with your studies xx

[@chuanmingjiang8292]

this video is so clear to understand the Nash equilibrium (rather than my lectures) !!!!!!!! love it !!!!

[@econhelp_official]

I know the books are so confusing! It took me about a year to figure out but it's actually pretty straightforward lol. Thanks for the comment good luck with your studies! :)

[@keziapappoe6821]

Thank you soooo much Been suffering to understand but you made it easy

[@InCaseofEconStruggles]

I think this is a great intro to matrix or normal form games, as well as how to find dominant strategies and Pure Strategy Nash Equilibrium. The explanation is clear, easy to follow, and very helpful! Great video! I think one thing to note is that once you realize Mary has a dominant strategy to play Up you can cross out Down because Mary will never play it so you can make the game smaller using Iterative Elimination of Dominated Strategies.

[@econhelp_official]

Thanks you so much that’s really nice of you! Good point re eliminating dominant Ed strategies!

[@elisabetta4571]

I cannot thank you enough! I was going nuts over my textbook very poor explanation. I can't attend classes, and I usually get by on most subjects, but this one, honestly, felt unsurmontable, for some reason, I just coudn't figure out the first thing about it, I was stuck. I looked up, but no one explained it as good as you did! Thank you so much, big love from Milan, Italy😊❤

[@econhelp_official]

Thank you for the kind comment! I hope you went well in all of your exams!! xox (I would love to come to Italy... one day I will make it :)...)

[@AmyGiron-x7u]

WOW, thank you so much! This was so helpful in understanding game theory!

[@econhelp_official]

You're very welcome! Glad to hear it helped!

[@janesele]

Your explanation was great ❤ I just subscribed, there is a lot to Learn here. Kudos

[@michelleh.7577]

By far the best video on this topic. Thank you so much!

[@econhelp_official]

Thankyou so much for the lovely comment! Made my day!

[@jakemarshall1571]

this vid helped me a lot, thank you very much.

[@ombreoffduty2209]

Here 4 hours before my Midterm thank you!

[@econhelp_official]

Wow goodluck!!! Hope you do well :)

[@pratikkkxx]

So crisp and clear. Subscribed right away Love from India ❤️❤️

[@econhelp_official]

Aw thank you! love from Australia right back at you! Ps love your picture (koala!)

[@patrickkamei5]

Thank you so much for the clean and clear explanation...👍👍👍

[@econhelp_official]

You're welcome, thankyou so much for the comment, hope the studies went well!

[@ethanprinter]

Hey I liked your video super useful Nash equilibrium

[@econhelp_official]

Glad you liked it! Good luck with your studies!

[@choco_krispies2]

THANK YOU!! Great explanation👏

[@econhelp_official]

You're very welcome! Thanks for the comment and good luck with your studies!!

[@DhiyaArun]

this video helped me sooo much, thank you!

[@econhelp_official]

Glad it helped! ❤️😊

[@DForre6040]

i love your voice and accent so much for some reason

[@econhelp_official]

The Australian accent can be very calming... Unless there is a croc around 😛...

[@suryansh8069]

Thanks .. it was easy to understand

[@econhelp_official]

I'm so glad! Thanks for the comment and the sub and good luck with your study!

[@sabastech5630]

you are the best always keep it up

[@econhelp_official]

Thank you so much 😀❤️ Good luck with your studies!

[@jeje-16283]

Merci pour cette vidéo explicative, I got everything.

[@econhelp_official]

I’m so glad! Thanks for the comment ❤️🙏

[@user-dw5qc4ln7y]

thanks for the explanation ur a lifesaver! 😁

[@econhelp_official]

You're welcome! Thanks for the nice comment! ❤️

[@Marco-Mandy]

Amazing explanation

[@econhelp_official]

That's so nice of you to say! Thanks so much for watching! ❤️❤️

[@fardeenkhan___]

thankyou for the easy explanation

[@econhelp_official]

thankyou for the thankyou!! ❤️❤️

[@ethanvirtudazo1657]

Thank you for this video!

[@econhelp_official]

You are welcome! Thanks for the comment!

[@famcha84]

Thank you so much ❤❤❤❤

[@econhelp_official]

Always welcome!!! Good Luck with your study thanks for watching!

[@Ggdivhjkjl]

This game won't sell. It's too predictable. Everyone will always choose up.

[@Dopvv]

You are GENIUS ❤

[@econhelp_official]

Haha I wish 😀 glad you found it useful!

[@brighttchoka8109]

Best Explanation

[@econhelp_official]

Glad you think so! Good luck with your study!

[@shahzodfayyoza]

Thank you so much. 😊

[@econhelp_official]

You’re welcome!

[@ericcastelli1196]

I finally understood game theory, thank you so much

[@econhelp_official]

You're welcome! Well done, thanks for the comment!!

[@dheerajhazarika1836]

Great presentation

[@econhelp_official]

Thank you! Glad you liked it!

[@SandeepKumar-zp3yp]

Thanks, from India

[@econhelp_official]

Thank you!! From Aus!

[@limanath569]

Where's the link where there is no nash equlibrium. Plz provide the link

[@econhelp_official]

Hi! I forgot to make one so I just did a quick example: kzbin.info/www/bejne/e6S8p4pjntd6qac hope it helps!

[@anglonrx2754]

So helpful

[@econhelp_official]

Glad you think so! Good luck with your study!

[@aurielove9177]

Sydney you angel thank you!

[@econhelp_official]

:) So glad to help!! Thanks for the comment and good luck with your study!

[@user-dx1pr4ge8l]

best friend

[@econhelp_official]

🥰 *hugs* you're so nice !! 🥰

[@matthewjessup5521]

Thank you so much

[@econhelp_official]

You're welcome! Thanks for the comment :)

[@saittarius]

is it a pure strategy nash equilibrium? why? why not?

[@zone.9106]

wouldnt the nash equilibrium be 10,10 and 5,5?

[@econhelp_official]

Hi! {Down, Down} is not a Nash Equilibrium because if this outcome obtained both players would have an incentive to deviate (note that you only need one player to have an incentive to deviate to disqualify as a NE but in this case both players will want to deviate). If Harley played 'Down', Mary (Player 1, Mary's payoffs are the first number) would not want to play 'Down', since if she plays 'Up' she gets 8, and that is bigger than 5 which is what she would get if she played 'Down'. If Mary Played 'Down' Harley would do better playing 'Up' (they would get 8) rather than 'Down' (they would get 5). So if they both played Down they would both have an incentive to deviate. {Down, Down} is a very unstable outcome. Does that help?

[@d2ydxsquare693]

Madam . I really appreciate 💪💪💪

[@econhelp_official]

It's my pleasure! Thanks for the comment!

[@shamirabintihamzah3902]

thanks for the help...

[@econhelp_official]

Happy to help! good luck with your studies! 😁

[@shamirabintihamzah3902]

@@econhelp_official My exam is around the corner as this video helped me a lot compared to those professors that made things complicated for my understanding...truly appreciated.

[@jackthompson2367]

So this is invisible hand game right? And if it wasn’t sociable optimal outcome it’s prisoners dilemma.

[@econhelp_official]

Hi! I didn't intent this outcome at all, but I'll tentatively say that this is correct. Tentatively because I haven't thought about it much and I might be missing something.

[@eltonloverboy]

Helpful

[@econhelp_official]

I'm so glad! Thanks so much for the comment, I hope that your studies went well :)

[@maryagyakoma1128]

Very well explained. Thanks

[@econhelp_official]

You are welcome Mary! Thanks for the comment and good luck with your studies :) :)

[@budward9022]

saving my ass for econ 201 at oregon lol thankyou

[@Chakhuwala]

Nice

[@econhelp_official]

👍 Ta!

[@SaharYAHIAOUI-b4v]

Thank you for the video but please change the microphone configuration... It made me lose focus each time you breath harder or swallow

[@econhelp_official]

Thankyou! I will re-record this video.

[@SahaYah]

@@econhelp_officialHello! I actually went back to the video to delete my comment before you see it! It’s not that bad, we can still understand everything. I was just frustrated earlier. I am sorry and thank you so much for the video and your hard work! 😓 😊

[@econhelp_official]

nah you're good! It's good feedback. I've have the same feedback on this video before, so I do need to redo it, hopefully I have time in a couple of weeks. No one is perfect. Good luck with your studies, you can do it!! ❤️❤️

[@yashdeepchhillar7683]

No sound in the video

[@econhelp_official]

Really? I can hear it, I wonder what happened, I’m sorry about that! I’ll ask KZbin.

[@lukamahenge5117]

What a video

[@econhelp_official]

thank you!! good luck with your course!

[@鸡腿塞牙]

4:51 / 7:37

[@ishmamtasdik]

2:20

[@НазгульКуручбекова]

Who can help me in Games theory?

[@tomekpartyka8632]

i love you

[@econhelp_official]

Shucks thanks! ❤️❤️

[@BruceStoufflet-yv3od]

Incentive for behaviour change based on profit seems a defeated purpose. People are still left with no care, no concern, no concideration. Are always going to be the animal acting in the animal social hierarchy as profit being the urine we claim territory with? How are we ever going to make it. This equilibrium is based on profit from products comparable to each other. So the quality is reduced instead of price. Now buying something means a piece of crap has been sold to you. It Probably will hurt you in some way "accidentally" sold anyway with no regard for human health nor environmental health. Damb such a crying shame.

[@efggaming28]

In game theory you assume each player will act rationally.

[@goldenweeb2081]

great video, but please for the love of god get a bit further from the mic, hearing your lips move at every word is excrutiating

[@econhelp_official]

Sorry about that!

[@goldenweeb2081]

@@econhelp_official I know it's probably not your fault and just the quality of the mic being very high but if you can do something about it, like decreasing the sensitivity it would really help

[@SamEbby]

Nice video though was helpful.

[@econhelp_official]

Happy to help

[@makitoyeboah4575]

Please I really need your email

[@econhelp_official]

Econmathhelp at gmail dot com - it’s also on my profile! 👍

[@ollie6110]

got a econ assignemt due in 5 hours with all this game theory nonsense in it, this video is sensational all love 🙏

[@econhelp_official]

Aw good luck!! Hope you do well, thanks for the comment 👍❤️