An Introduction to Von Neumann & Morgenstern’s Theory of Games - A Macat Psychology Analysis

Level: beginner
Macat Analysis
Macat, 2016
Perspective: Behavioral Economics
Topic: introductory courses
Format: Short Film
Duration: 00:03:34
Link: https://www.youtube.com/watch?v=ali1d5cwtWU&index=25&list=PLRXstY5OaIwdnSWkTtomhEF2SoD66shVs

A very short introduction to two person games is given using the matching pennies game developed by von Neumann and Morgenstern and the battle of the sexes game. The concepts of Nash equilibria and mixed strategies are touched upon briefly.

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