In this paper, we introduce a new approach to independent quantifiers, as originally introduced in Informational independence as a semantic phenomenon by Hintikka and Sandu [9] under the header of independence-friendly languages. Unlike other approaches, which rely heavily on compositional methods, we shall analyze independent quantifiers via equilibriums in strategic games. In this approach, coined equilibrium semantics, the value of an IF sentence on a particular structure is determined by the expected utility of the existential player in any of the (...) game’s equilibriums. This approach was suggested in Henkin quantifiers and complete problems by Blass and Gurevich [2] but has not been taken up before. We prove that each rational number can be realized by an IF sentence. We also give a lower and upper bound on the expressive power of IF logic under equilibrium semantics. (shrink)