Lecture Details :
This is a supplement t lecture 8 2009, based on questions students had after class: how can this be an equilibrium when there is something else better for both in the game?"this" was the outcome of sequential elimination of dominated strategies and also of best response reasoning. Once you get the logic here you'll see one of the strategic tensions of the prisoner's dilemma in a completely different game....
Course Description :
Lectures and related video resources from Econ 223, Dr Fountain's Introductory Game Theory course at the University of Canterbury, in 2009