Learn more: http://www.policonomics.com/nash-equilibrium/ This video explains how dominant strategies work, and how to reach a Nash equilibrium. We start by analysing dominant strategies, then explain what the Nash equilibrium is. Finally, we show an example of elimination of dominated strategies. Related videos: -Battle of the Bismarck Sea: https://www.youtube.com/watch?v=2DDYtd5FDUk -Prisoner's dilemma: https://www.youtube.com/watch?v=0R6cEsADBM4 Related articles: -Dominant strategies: http://www.policonomics.com/dominant-strategy/ -Battle of the Bismarck Sea: http://www.policonomics.com/battle-of-the-bismarck-sea/ Thank you for watching! http://www.policonomics.com Learn, and enjoy!