Mixed Strategy Nash Equilibrium (MSNE) | Game Theory Struggle

Game Theory Struggle | Mixed Strategy Nash Equilibrium:
In this video I talk about how to find Mixed Strategy Nash Equilibriums in a new game called Tough-Chicken. I also talk about the concept of a Mixed Strategy Nash Equilibrium more broadly using this game.
Timestamps:
0:00 - Intro
0:57 - Review of Rock Paper Scissors
2:05 - Introduction to Tough-Chicken
3:10 - Formal Representation of Tough-Chicken
5:05 - Tough-Chicken Pure Strategy Nash Equilibrium
6:30 - Intro to Mixed Strategy Nash Equilibrium
7:10 - Defining Expected Payoffs
8:05 - Tough-Chicken Mixed Strategy Nash Equilibrium
9:00 - Tough-Chicken Expected Payoffs
12:32 - Why Solving Expected Payoffs Yields Other Player's Mixing
14:45 - Conceptual Understanding of Mixed Strategy Nash Equilibrium

[@Bill_in_your_econ_models]

Very helpful and sad I am not in this one!

[@InCaseofEconStruggles]

Glad you still found it useful!