10 Mied strategies in baseball, dating and paying your taes分析和总结分析和总结.docxVIP

Game Theory: Lecture 10 Transcript Overview: We develop three different interpretations of mixed strategies in various contexts: sport, anti-terrorism strategy, dating, paying taxes and auditing taxpayers. One interpretation is that people literally randomize over their choices. Another is that your mixed strategy represents my belief about what you might do. A third is that the mixed strategy represents the proportions of people playing each pure strategy. Then we discuss some implications of the mixed equilibrium in games; in particular, we look how the equilibrium changes in the tax-compliance/auditor game as we increase the penalty for cheating on your taxes October 8, 2007 back Professor Ben Polak: All right, so last time we did something I think substantially harder than anything weve done in the class so far. We looked at mixed strategies, and in particular, we looked at mixed-strategy equilibria. There was a big idea last time. The big idea was if a player is playing a mixed strategy in equilibrium, then every pure strategy in the mix--thats to say every pure strategy on which they place some positive weight--must also be a best response to what the other side is doing. Then we used that trick. We used it in this game here, to help us find Nash Equilibria and the way it allowed us to find the Nash Equilibria is we knew that if, in this case, Venus Williams is mixing between left and right, it must be this case that her payoff is equal to that of right and we use that to find Serenas mix. Conversely, since we knew that Serena is mixing again between l and r, we knew she must be indifferent between l and r and we used that to find Venus mix. So I want to go back to this example just for a few moments just to make one more point and then well move on, but well still be talking about mixed strategies throughout today. So this was the mix that we found before we changed the payoffs, we found that Venus equilibrium mix was .7, .3 and Serenas equilibrium mix was .6