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Hi, Im William Spaniel. Lets learn some game theory! Todays topic is the iterated elimination of strictly dominated strategies. I cover this in lesson 1.2 of Game Theory 101: the complete textbook. Check the video description for more information about that. So, remember in the last video, we looked at the Prisoners Dilemma and the solution to this game was for both the players to confess, and the reason for that is Confess- strictly dominated Keep Quiet. Keep Quiet was a strictly dominated strategy; it was never in the players best interest to individually Keep Quiet. Confess always produced a better outcome than Keep Quiet. We saw that because, for example, if Player 2 were to Keep quiet, then Player 1 should Confess, because 0 is greater than -1, and if Player 2 were to Confess, then Player 1 will still want to Confess, because -8 is better than -12. Now, in most games its not going to be the case that one strategy is always better for each player,