Rationalizing solutions Flashcards
1
Q
What is a “best response”?
A
2
Q
Give a proof to demostrate this theorem: if si ∈ Si is a strictly dominated strategy, it is no best response to any s-i∈ S-i
A
3
Q
What is a “belief” of a player i?
A
4
Q
Give the definition of the best-response-correspondence BR.
A
5
Q
Give the formal definition of the Nash Equilibrium in an n-player game.
A
6
Q
Does the Nash Equilibrium extend the IESDS?
A
7
Q
Definition of social cost K(s) where s is a joint strategy.
A
8
Q
Definition of “price of anarchy”.
A
