How to find DOMINATING STRATEGIES with Game Theory

Check out Brilliant ► https://brilliant.org/TreforBazett/ Join for free and the first 200 subscribers get 20% off an annual premium subscription. Thank you to Brilliant for sponsoring this playlist on Game Theory. Check out Episodes 1 & 2 of the Game Theory Playlist ► https://www.youtube.com/playlist?list=PLHXZ9OQGMqxdzD8KpTHz6_gsw9pPxRFlX In Game Theory, a strategy is a dominating strategy if it always gives us the best payoff regardless of how our opponent plays, and similarly a dominated strategy gives us the least payoff, regardless of how our opponent plays. For example, Rock-Paper-Scissors has no dominating strategies as all three options are equally good against someone playing randomly. If we have a normal form game, written down with a payoff matrix, then we can search for ...