How to find Nash Equilibrium in a 2X2 payoff matrix

This video goes over the strategies and rules of thumb to help figure out where the Nash equilibrium will occur in a 2x2 payoff matrix. Generally you need to figure out what the dominant strategy is for each player and then use the dominant strategy of each player to see if a final cell ends up being the choice for both players.
This is generally something that is reviewed during the oligopoly section of a course or perhaps during the game theory segment.
You can find more information about this topic at:
www.freeeconhelp.com/2012/02/...

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[@lorelaim3294]

By far the best video I've seen for helping me understand this concept, thank you very much for the detailed explanation.

[@FreeEconHelp]

Awesome!

[@lilybethchavez6521]

Wow. This was a great explanation. Thank you!

[@emmamsantiago]

This was so helpful-thank you!!

[@ManaliShares]

Perfect explanation

[@melanieyumiguano7115]

Mr. Free Econ help man you might've just helped me passed my final tomorrow.

[@claudianicole4463]

Thank you so much! This helps a lot for my test tomorrow

[@FreeEconHelp]

Glad it helped!

[@annas.1403]

This was very helpful. Thank you. :)

[@aniketpatel3224]

Very well understood it, my teacher is so horrible in explaining

[@CORPSE77]

best video on Nash equilibrium

[@brodyreardon7844]

sorry but is dominut supposed to be dominant

[@kishansoni6787]

thank u

[@adzg77]

Thanks for the video, helped a lot

[@blackpirot]

thanks

[@FreeEconHelp]

Glad it helped!

[@wowarttips]

Great explaination

[@paullomosi3954]

Can help me with the question below

[@azyy1248]

You sound like Chris from Family Guy, but thanks for the help

[@alexa-lv6di]

but what about if there is imperfect information. how do we workout the nash equilibria

[@alexa-lv6di]

and there is no dominant strategy

[@maximumfloyd]

Hello everyone, I have a question. Why in this case 3,3 is not a Nash equilibrium? Please help

[@jenniferkate7167]

I would like to know the answer to this too

[@nansank]

@@jenniferkate7167 Because if column player chooses "Low", row player will choose "High" since it has a higher payoff of 6 versus 3.

[@alexandertolmachev4337]

1,1 is Nash because regrdless what player red does, the player blue will chose this sell obviously. For him, the "high" is a strictly dominant strategy, and for player red "high" is also stricktly dominant. "Low" is stricktly dominated for both of them, they won't chose this strategy WITHOUT COOPERATION

[@jamesbell1613]

It is assumed blind and no cooperation.

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[@charisseaganos9373]

What's wrong with your voice?!

[@FreeEconHelp]

Childhood injury... :(

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[@davedsilva]

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