Download Introduction to Game Theory The course Introduction to Game

Introduction to Game Theory
The course Introduction to Game Theory exposes the students to recent
advances in game theory as they applied to economics and business. As
an
introductory
course,
the
mathematical
knowledge
expected
from
the
students is minimal, yet the theory is powerful in explaining many
practical
behaviors
by
individuals,
households
and
firms,
In the first part we will introduce Simultaneous Decision-making and
the Normal Form Game. We will use various games to compare behavior
of individuals and firms.
We will learn about Nash Equilibrium, its
advantages
and
disadvantages.
We
will
explore
the
idea
of
strict
dominance,
and
multiple
Nash
equilibria.
We
will
talk
about
Coordination Game, the Battle of the Sexes game, the Zero-Sum Game, etc.
Then we will move to Dynamic Interaction among individuals and firms,
the so called Extensive Form Game and the Backward Induction Solution
Mechanism.
We
will
introduce
Dynamic
Models
of
Preemption
and
Strategic
Commitment
and
discuss
other
models
using
the
tools
developed in game theory.
Class meets in A 207
Wednesday,
December 14, 2016:
5:30 p.m. – 7:30 p.m.
Tuesday,
December 20, 2016:
4:00 p.m. – 6:00 p.m.
Thursday,
December 22, 2016:
11:00 a.m. –1:00 p.m.
Tuesday,
January 10, 2017:
9:00 a.m. – 11:00 a.m.
Wednesday,
January 11, 2017:
2:30 p.m. – 4:30 p.m. Lecture and Examination
Thursday,
January 12, 2017:
9:00 a.m. – 11:00 a.m. Student Presentations