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ECON 159: Game Theory

Lecture 09 - Mixed Strategies in Theory and Tennis. We continue our discussion of mixed strategies. First we discuss the payoff to a mixed strategy, pointing out that it must be a weighed average of the payoffs to the pure strategies used in the mix. We note a consequence of this: if a mixed strategy is a best response, then all the pure strategies in the mix must themselves be best responses and hence indifferent. We use this idea to find mixed-strategy Nash equilibria in a game within a game of tennis. (from oyc.yale.edu)

Lecture 09 - Mixed Strategies in Theory and Tennis

Time Lecture Chapters
[00:00:00] 1. Mixed Strategies: Definition
[00:06:02] 2. Mixed Strategies: Examples
[00:22:20] 3. Mixed Strategies: Direct and Indirect Effects on the Nash Equilibrium
[00:27:05] 4. Mixed Strategies and the Nash Equilibrium: Example

References
Lecture 9 - Mixed Strategies in Theory and Tennis
Instructor: Professor Ben Polak. Resources: Problem Set 4 [PDF]; Handout on Mixed Strategies [PDF]; Blackboard Notes Lecture 9 [PDF]. Transcript [html]. Audio [mp3]. Download Video [mov].

Go to the Course Home or watch other lectures:

Lecture 01 - Introduction: Five First Lessons
Lecture 02 - Putting Yourselves into Other People's Shoes
Lecture 03 - Iterative Deletion and the Median-Voter Theorem
Lecture 04 - Best Responses in Soccer and Business Partnerships
Lecture 05 - Nash Equilibrium: Bad Fashion and Bank Runs
Lecture 06 - Nash Equilibrium: Dating and Cournot
Lecture 07 - Nash Equilibrium: Shopping, Standing and Voting on a Line
Lecture 08 - Nash Equilibrium: Location, Segregation and Randomization
Lecture 09 - Mixed Strategies in Theory and Tennis
Lecture 10 - Mixed Strategies in Baseball, Dating and Paying Your Taxes
Lecture 11 - Evolutionary Stability: Cooperation, Mutation, and Equilibrium
Lecture 12 - Evolutionary Stability: Social Convention, Aggression, and Cycles
Lecture 13 - Sequential Games: Moral Hazard, Incentives, and Hungry Lions
Lecture 14 - Backward Induction: Commitment, Spies, and First-Mover Advantages
Lecture 15 - Backward Induction: Chess, Strategies, and Credible Threats
Lecture 16 - Backward Induction: Reputation and Duels
Lecture 17 - Backward Induction: Ultimatums and Bargaining
Lecture 18 - Imperfect Information: Information Sets and Sub-Game Perfection
Lecture 19 - Subgame Perfect Equilibrium: Matchmaking and Strategic Investments
Lecture 20 - Subgame Perfect Equilibrium: Wars of Attrition
Lecture 21 - Repeated Games: Cooperation vs. the End Game
Lecture 22 - Repeated Games: Cheating, Punishment, and Outsourcing
Lecture 23 - Asymmetric Information: Silence, Signaling and Suffering Education
Lecture 24 - Asymmetric Information: Auctions and the Winner's Course