Introduction to Game Theory | Examples

Includes,
- introduction to game theory
- pure strategy games
- mixed strategy games
- the concept of dominance in two player zero-sum games.
Playlist:
• Introduction to Busine...

[@DL12able]

Thanks Dr! I got you when I face this issue and solved by your lecture! waw in November 2021

[@bkrai]

You are welcome!

[@sagarmishra5556]

sir you are an exceptional teacher!! loved your lecture thanku for sharing

[@bkrai]

+Sagar Mishra thanks!

[@href007]

thank you so much for this lesson you're better than my college teachers

[@bkrai]

thanks!

[@theplinkerslodge6361]

I think I need the intro to the intro. Y is able to respond to X's strategy, or do they choose strategies in the blind?

[@jasperdkhar7769]

Well done sir!! The way u teach is very easy for us to follow..

[@bkrai]

Thanks for your comments!

[@jasperdkhar7769]

You are welcome sir

[@shahrulhafizi3094]

Thank you sir...Good explainationn,easy to understand.

[@bkrai]

Thanks for your comments!

[@shahrulhafizi3094]

Welcome...Btw,im from Malaysia.

[@muhammedshafik317]

is this covering all basic topics for Business analytics/ or just some topics?

[@bkrai]

From the playlist of this video, you can see all the topics.

[@uwadiegwuemmanuel8809]

Thanks

[@bkrai]

Welcome!

[@alisalhab92]

Thank you so much for the lesson .

[@bkrai]

Thanks for comments!

[@nawingoray8998]

Thank you sir...very clear

[@bkrai]

You are welcome

[@cheenachamling7653]

Thank you so much sir for the lesson .

[@bkrai]

Thanks for the feedback!

[@jharkhandAdda228]

Thank you sir .......😊

[@pavipavithra8567]

Sir why we are equating Q's to find Q and also for P ..what does it means in theory part

[@debasishsahu6895]

Plz upload more videos on this topic

[@bkrai]

You can refer to this playlist: kzbin.info/aero/PL34t5iLfZddtKi93_8Sd0KwwuABmgwbDS

[@durgaprasad2508]

Thank you sir ❤️

[@bkrai]

welcome!

[@Smoothcurveup52]

Thanks sir

[@bkrai]

thanks for comments!

[@45514551apoorva]

sir my self Dr. Apoorva tripathi working in aiims Bhopal. I m planning for PhD. in syllabus of PhD game theory mixed type is present. plz share the link. anyway u r very good in tecahing

[@bkrai]

I don't have it at this time, probably develop it sometime in future.

[@jaquelinedearaujo6906]

when is it at 14:44, you did a calculation of Q and I did not get it why Q end up being -8Q, and the final result, 2/11? I know it might seems silly for some people but is not for me. Thank you looking forward to hear from you. Ps: very good explanaitions

[@bkrai]

For -8Q: 2Q + 10(1-Q) = 2Q + 10 - 10Q = (2Q-10Q)+10 = -8Q + 10 For 2/11: Q = 9/11 1-Q = 1- 9/11 = (11-9)/11 = 2/11

[@jaquelinedearaujo6906]

ah! okay thank you, but for the second part why is it (11-9)? is not suppose to be (1-9)? Thank you looking forward to hear from you

[@bkrai]

1- 9/11 can be written as (1/1) - (9/11) or [(1x11) - (9x1)] / 11 or (11 - 9)/11

[@jaquelinedearaujo6906]

ah! ok thank you but the final result will be different ? (1-9)/11= 8/11? thank you looking forward to hear from you

[@bkrai]

you can look at it this way too: 1 - (9/11) = 1 - 0.818 = 0.182 And 2/11 = 0.182

[@rajni779]

omg... so so sooo nice thnku sir

[@bkrai]

+Rajni Singh great to know you found it useful 👍

[@LauraDeFeh]

Nash won Nobel Prize only in the 90s

[@bkrai]

You are right it was awarded in 1994 for work that started around 1950.

[@bharadwajar1113]

excellnt xplaination..(y)

[@bkrai]

+bharadwaja r thanx for feedback 👍

[@shreyatripathi4429]

Suppub sir😘😘😘😘

[@KumarHemjeet]

for the dominance value of game can be calculated by same method? ?

[@bkrai]

Using the concept of dominance you can reduce the size of the game and then value of the game can be calculated as usual.

[@KumarHemjeet]

Bharatendra Rai can the value of game be different for both the players ??

[@bkrai]

+Kumar Hemjeet assuming 2 players and zero-sum games, value of the game cannot be different.

[@KumarHemjeet]

Sir I have seen examples where there was different value of game and they were using average value of two rows in dominance

[@bkrai]

+Kumar Hemjeet value of the game can be different. That is definitely possible. But if you consider zero-sum game, it will not happen. For example, if two players are you and me, and you win $200 then it will be a loss of $200 for me. So when you add the two, you get zero.

[@alisalhab92]

nm

[@tyevisions]

this is confusing😓

[@bkrai]

Let me know which part.

[@tyevisions]

Bharatendra Rai pure strategy vs mixed.

[@bkrai]

+Tye Visions when lower and upper value of the game are same, it is "pure strategy ". If not, then it is "mixed". See example in the video.