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GAME THEORY
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GAME THEORY
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Academic year 2016/2017
- Course ID
- SEM0062
- Teaching staff
- (Titolare del corso)
Dino Gerardi (Titolare del corso) - Year
- 2° anno
- Teaching period
- Primo semestre
- Type
- A scelta dello studente
- Credits/Recognition
- 6
- Course disciplinary sector (SSD)
- SECS-S/06 - metodi matematici dell'economia e delle scienze att. e finanz.
- Delivery
- Tradizionale
- Language
- Inglese
- Attendance
- Facoltativa
- Type of examination
- Scritto
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Sommario del corso
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Course objectives
The course provides a mathematical treatment of choice under uncertainty and game theory. We will develop and solve formal models of strategic interactions among economic agents. We will consider several economic applications, such as imperfect competition, auctions, public goods and bargaining.
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Results of learning outcomes
The students will learn about strategic thinking and its implications. They are also expected to master all the tools presented during the course.
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Course delivery
Lectures and problem sets with solutions (the problem sets will not be graded).
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Learning assessment methods
Closed-book written exam.
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Support activities
Office hours.
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Program
I. Introduction.
II. Decision Theory.
Dominance, beliefs and “Never Weak Best Response” strategies.
III. Strategic Form Games
Dominance, Nash equilibrium, mixed strategies.
IV. Extensive Form Games
Corresponding strategic forms, behavioral strategies, backwards induction, subgame perfect equilibrium.
V. Games of Incomplete Information
Normal-form representation of static games of incomplete information, Bayesian Nash equilibrium, perfect Bayesian equilibrium.
VI. Repeated Games
Folk theorems.
VII. Mechanism Design
Design of the optimal auction, the revenue equivalence theorem.
Suggested readings and bibliography
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Martin J. Osborne: An Introduction to Game Theory, Oxford University Press.
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Class schedule
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