Economic and Game Theory
|"Inside every small problem is a large problem struggling to get out."|
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My question in solving any matrices (2x2/3x3): As long I do not know, if players play Weak-Dominance --> At 1st: I use Iteration-of-Weakly-Dominated-Strategies
2nd: I check the game by "best response".
Otherwise I eliminate Nash Equilibrium.
But isn't it better to skip IWDS and start with checking for BEST RESPONSE ?
Thank you for your wisdom [Manage messages]