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Oligopoly games & strategies: Prisoner’s dilemma

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Intro to game theory concepts and the Prisoner's Dilemma

Intro to game theory concepts and the Prisoner's Dilemma

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Intro to game theory concepts and the Prisoner's Dilemma

1:42

About this lesson

Oligopoly Games & Strategies: Prisoner's Dilemma
Definition of a Game
  • Rules
  • Strategies
  • Payoffs
  • Outcome
  • We will see these in Prisoner's Dilemma

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Video 1 of 17

Intro to game theory concepts and the Prisoner's Dilemma

2 min

Selected

Setting up the Prisoner's Dilemma scenario and possible outcomes

4 min

Using the payoff matrix to find the Nash Equilibrium

10 min

Collusive agreements and the payoff matrix in a duopoly

15 min

Identifying allowed and disallowed actions in a prisoner's dilemma

2 min

True or false: Key properties of the prisoner's dilemma

2 min

Describing strategies and outcomes in a prisoner's dilemma game

2 min

Building the payoff matrix for the honest vs. lie game

2 min

Finding the Nash Equilibrium in an honest vs. lie payoff matrix

4 min

Listing strategies and outcomes for two prisoners

2 min

Building the payoff matrix for the prisoner's dilemma

2 min

Finding the Nash Equilibrium using dominant strategy analysis

4 min

Constructing a payoff matrix for two soft drink firms

4 min

Finding the Nash equilibrium using dominant strategies

5 min

Identifying strategies and outcomes in a cartel collusion game

3 min

Building the payoff matrix for two firms in a prisoner's dilemma

2 min

Finding the Nash Equilibrium in a comply-or-cheat payoff matrix

3 min