Moulin Beauty contest iterative elimination of weakly dominated strategies

1 answer:

5 0

Iterated elimination of strictly dominated strategies (IESDS) is a common technique that is used to get solutions to games that involve iteratively removing dominated strategies.

<h3>What is a weakly dominated strategy?</h3>

This refers to the type of strategy that delivers an equal or worse outcome than an alternative strategy.

Hence, we can see that in game theory, the use of strategic dominance is used when one strategy is better than another strategy for one player, not withstanding the efforts of the other player.

Therefore, this can be eliminated with the use of iterations to remove the weakly dominated strategies

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