Normal Form Games // Intro to Game Theory // Episode 2

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The 1st episode in the Game Theory playlist on the Prisoners Dilemma:    • Game Theory  

In this video we introduce our first major category of game that we will study in Game Theory called Normal Form Games. These are games between a finite number of players, with each player having a finite number of options, and then a defined payoff for every possible set of chosen actions. The Prisoners Dilemma we saw previously is an example of a normal form game, as is good old Rock-Paper-Scissors. We will also see two more examples, one I call Hawk vs Dove, and one I call Sushi vs Thai. Each game can be represented by a payoff matrix. In the next episode we will discuss more about how to find optimal strategies to play Normal Form games, and if optimal strategies even exist!

0:00 Normal Form Games
1:45 Payoff Matrix
3:14 Hawk vs Dove Game
6:11 Sushi vs Thai Game
8:26 Formal Definition of Normal Form Games
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