The Chicken Game
After this lesson you will be able to…
- Learn the rules and payoff matrix of the classic Chicken Game.
- Use the best response method to find the game's two Nash equilibria.
- See how the Chicken Game applies to roommate grocery shopping dilemmas.
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- 3 assignments available
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(0)This video uses the concept of "best response" to solve the chicken game, and explains its real-life application.
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Quiz: The Chicken Game and Nash Equilibria
FundamentalsAnswer each question based only on what was presented in the video lesson. No outside knowledge is required.
Practice: Chicken Game Payoffs and Nash Equilibria
PracticeApply what you learned about the Chicken Game to identify payoffs, best responses, and Nash equilibria. Show your reasoning for each answer.