Economic and Game Theory
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"Inside every small problem is a large problem struggling to get out." | |||||
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My question in solving any matrices (2x2/3x3): As long I do not know, if players play Weak-Dominance --> At 1st: I use Iteration-of-Weakly-Dominated-Strategies 2nd: I check the game by "best response". Otherwise I eliminate Nash Equilibrium. But isn't it better to skip IWDS and start with checking for BEST RESPONSE ? Thank you for your wisdom [Manage messages] |