Introduction
WTF are all those game theory jargons
- Action set: denoted as . E.g.
- Pure strategy: a plan of actions i.e. what you will do at every single decision node. E.g. . The word "Pure" specifies that there is no uncertainty as to what the player will do at each decision node.
- Nash equilibrium: a profile of strategy i.e. such that no one wants to deviate. In other words, everyone's payoff is maximised given what others are doing.