IDEAS home Printed from https://ideas.repec.org/a/eee/ireced/v15y2014icp43-50.html
   My bibliography  Save this article

Finding mixed strategy Nash equilibria with decision trees

Author

Listed:
  • Cobb, Barry R.
  • Sen, Tinni

Abstract

This paper describes the usefulness of decision tree models for determining mixed strategy Nash equilibria in normal form games, particularly to undergraduate students. The approach is to construct a decision tree for each player, then solve the model via dynamic programming to determine the equations that must be satisfied at Nash equilibrium. This method not only provides a computational device that can be used to calculate the Nash equilibrium, but also serves as a visual aid that helps students understand the Nash equilibrium concept.

Suggested Citation

  • Cobb, Barry R. & Sen, Tinni, 2014. "Finding mixed strategy Nash equilibria with decision trees," International Review of Economics Education, Elsevier, vol. 15(C), pages 43-50.
    • Handle: RePEc:eee:ireced:v:15:y:2014:i:c:p:43-50
    DOI: 10.1016/j.iree.2013.03.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1477388013000236
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.iree.2013.03.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. J. E. Abdou & E. Safatly & B. Nakhle & A. El Khoury, 2017. "High-Dimensional Nash Equilibria Problems and Tensors Applications," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 19(03), pages 1-25, September.

    More about this item

    Keywords

    Decision tree; Game theory; Mixed strategy; Nash equilibrium;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ireced:v:15:y:2014:i:c:p:43-50. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/international-review-of-economics-education .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.