Experiment with payoff matrices to demonstrate dominant and dominated strategies, best responses, and Nash/mixed equilibriums. In groups of 2, students face a custom 2x2, 2x3, or 3x3 payoff matrix either in a one-off event or in repeated interactions.
Edit your payoff matrix and decide the number of turns. As students play, they are presented with a matrix with their names on it and decide simultaneously which strategy to follow. The resulting payoff is the interception of both strategies as defined in the matrix.
