Nash Equilibrium: How It Works in Game Theory, Examples, Plus Prisoner’s Dilemma

This exercise explores how, in a mixed-strategy equilibrium, players must put positive probability only on best responses. Consider the game in the following figure. Compute the pure-strategy and mixed-strategy Nash equilibria for this game, and note how they depend on x. In particular, what is the difference between x>1 and x<1 ? | Numerade

Dominated Strategy in Game Theory: Explained | Built In