Objectives
The student will learn to apply the basic concepts of game theory to a variety of situations of economic decision making.
Contents
Game Theory is about strategically interdependent decision making. In such situations, the results of your actions also depend on the actions of others. When making your choice, you have to think what others will do, who in turn are thinking about what you will do and so on. Game theory offers several concepts and insights for understanding and analysing such situations, and for making better strategic decisions. This course will develop some basic ideas from game theory. Formal theory (Nash equilibrium, subgame perfect equilibrium, Bayesian Nash equilibrium, sequential equilibrium) will be illustrated with examples. These include: oligopoly, auctions, public goods, bargaining, signalling and voting. This course is analytically challenging and requires a willingness and ability to think.
Registration at
Please go to https://www.sis.uva.nl.
Format
Week 1-3: four hours lecture + eight hours practice sessions per week; week 4: four hours review + questions.
Time
Please go to http://www.rooster.uva.nl.
Study materials
Osborne, M.J. (2004). An Introduction to Game Theory. Oxford University Press, c. €55. To be studied c. 350 pages.
Assessment
Written examination, open questions (100%).
Examination date
Please go to http://www.rooster.uva.nl and http://www.student.uva.nl/feb-academicyear.
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