In this paper, a simple and effective method for improving student comprehension of mixed strategies was presented, and with some trial and error, they feel that this method eases the teaching of the information and increases the students'ability to understand and retain concepts.
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This article is published in International Review of Economics Education.The article was published on 2008-01-01 and is currently open access. It has received 2 citations till now. The article focuses on the topics: Nash equilibrium & Best response.
TL;DR: The third edition of Game Theory: A Nontechnical Introduction to the Analysis of Strategy as mentioned in this paper is intended to teach by example, and increased stress is placed on the concept of rationalizable strategies to assist students in making the bridge from intuitive to more formal concepts of non-cooperative equilibrium.
TL;DR: In this paper, the authors describe the usefulness of decision tree models for determining mixed strategy Nash equilibria in normal form games, particularly to undergraduate students, by constructing a decision tree for each player, then solving the model via dynamic programming to determine the equations that must be satisfied at Nash equilibrium.
TL;DR: The Varian approach as mentioned in this paper gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation, and is still the most modern presentation of the subject.
TL;DR: In this paper, the authors used data from classic professional tennis matches to provide an empirical test of the theory of mixed strategy equilibrium and found that the serve-and-return play of John McEnroe, Bjorn Borg, Boris Becker, Pete Sampras and others is consistent with equilibrium play.
TL;DR: Chiappori et al. as mentioned in this paper showed that in a tennis game, the probability that the player who serves the ball wins the point is equal for serves to the right and serve to the left.
TL;DR: The third edition of Game Theory: A Nontechnical Introduction to the Analysis of Strategy as mentioned in this paper is intended to teach by example, and increased stress is placed on the concept of rationalizable strategies to assist students in making the bridge from intuitive to more formal concepts of non-cooperative equilibrium.
TL;DR: This paper used over 250 real-world, managerially-oriented applications to train students to think analytically in a business context, including game-theoretic tactics, best-practices mechanism design, information economics, and organizational architecture.