Payoff Matrix (L15) Flashcards
1
Q
games
A
actions of each decision maker influences payoffs
2
Q
notations for set of players
A
l={1,2,3…N}
3
Q
notation for strategies
A
si (individual strategies)
S is combination of choice s is individual
4
Q
notation for payoffs
A
utility of the combinations of strategies
u: S>R
5
Q
how to draw player 1 & 2 choices
A
player 2 goes across, player 1 goes down
show u1 p1 choice u2 p2 choice
6
Q
dominance
A
one strategy is preferred to the other always
7
Q
weak dominance
A
if it’s somewhat better but not better than all
