Rationalisation

Note: These are not designed to be student facing.

I make these notes available with the intent of making it easier to plan and/or take notes from class.

Student facing resources for each topic are all available at vknight.org/gt/.

Activity (20 minutes)

Use best responses have students play against a mixed strategy:

>>> import random
>>> random.seed(0)  # Don't seed in class
>>> ["r_2", "r_1"][random.random() < 0.8]  # 80 percent chance of r_2
'r_2'

Discussion (20 minutes)

Discuss the Rationalisation chapter.

Discussion Point: After the definition of dominance, why is dominance not relevant to the game we played?.

Discussion Point: How does the best response condition apply to the matching pennies game we played in class?

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