Finding mixed strategy Nash equilibria with decision trees

被引：1
|
作者：
Cobb, Barry R. [1 ]
Sen, Tinni [1 ]
机构：
[1] Virginia Mil Inst, Dept Econ & Business, 334 Scott Shipp Hall, Lexington, VA 24450 USA
来源：
INTERNATIONAL REVIEW OF ECONOMICS EDUCATION | 2014年 / 15卷
关键词：
Decision tree; Game theory; Mixed strategy; Nash equilibrium;
D O I：
10.1016/j.iree.2013.03.002
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper describes the usefulness of decision tree models for determining mixed strategy Nash equilibria in normal form games, particularly to undergraduate students. The approach is to construct a decision tree for each player, then solve the model via dynamic programming to determine the equations that must be satisfied at Nash equilibrium. This method not only provides a computational device that can be used to calculate the Nash equilibrium, but also serves as a visual aid that helps students understand the Nash equilibrium concept. (C) 2013 Elsevier Ltd. All rights reserved.
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页码：43 / 50
页数：8
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