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In this video, we will examine how to write normal form representation of games. We will understand, how to write strategies, payoffs in a matrix form, and the formal definition of normal form game. Reference : Gibbons, Chapter 1 Join our WhatsApp group for regular updates about several economics exams : https://chat.whatsapp.com/C7CB5Y1v48S... --------------------- 📌 What is Normal Form Representation? Learn how to represent players' choices, potential outcomes, and payoffs in a structured matrix, making it easier to visualize and comprehend the strategic dynamics at play. 🔍 Understanding Players' Strategies: We'll explore how players make decisions, select their optimal choices, and anticipate the moves of their opponents. Through relatable examples, you'll gain insights into the thought processes involved in strategic decision-making. ------------------- 0:00 Introduction and example of Normal form game 1:18 Simple definition of Normal Form game 4:45 Elements of normal form game 6:28 Formal Definition of Normal Form game 14:20 What does the word 'simultaneous' mean in normal form game ------------------- This is useful for those who are preparing for 1. IAS Economics Optional 2. Indian Economic Services 3. RBI Grade B, DEPR 4. CUET MA Economics Entrance Exam (COQP10) 5. Semester Exams, Delhi Universities and other universities ------------- We have made few playlists, we hope these are useful to you Intermediate Microeconomics I (Playlist) http://bit.ly/3TXWrd9 Intermediate Microeconomics II (Playlist) http://bit.ly/3sC0fFo Intermediate Macroeconomics II (Playlist) https://rb.gy/eldvyq Introduction to Econometrics (Playlist) https://bit.ly/3zmH9qp Indian Economics I (Playlist) http://bit.ly/3f85NUX Indian Economics II (Playlist). https://rb.gy/mwjzhy International Trade (Playlist) https://bit.ly/3SHvTvI CUET PG Economics 2023 Questions (Playlist) https://rb.gy/6yvvbx -------------- This is useful for those who are preparing 1) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE) 2) Semester Exam, Economics H 3) UGC Net Economics 4) Indian Economic Services 5) IAS Economics Optional -------------- For any course related query please call 9999886629 MA Economics Entrance Coaching : www.ecopoint.in Indian economic Services : www.nishantmehra.com IAS Economics Optional Coaching : www.nishantmehra.com UGC NTA NET Economics Coaching : www.nishantmehra.com ------------- #ecopoint #maeconomicsentrance #indianeconomicservices #iaseconomicsoptional #ugcneteconomics #cuetpgeconomics #cuetmaeconomics #indianeconomicservices #upsceconomics #upscpreparation #upsc #gametheory #developmenteconomics #microeconomics #macroeconomics #indianeconomics #ugcneteconomics #internationaltrade #internationaleconomics