Intro

• Theoretical solutions = a way rational players will play/analyse the game themselves
• Dominated strategy = generates lower payoffs, whatever be the opponents strategy
• We can find another strategy = which is better
• Common knowledge = player two knows the game completely and player 2's dominate strategy
• Mixed strategy = a probability distribution over price strategies
• Pure strategies = no dominance
• Examples of mixed strategy = server in tennis & striker in football
• Interpretation 1 of mixed strategies = randomly chosen
• Interpretation 2 of mixed strategies = belief over others, what a player thinks of others involved in the game
• Trying to match beliefs = with the physical action of the other player
• A player has 2 strategies = a mixed strategy will be the probabilities p and 1-p over the two strategies