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Oggetto:

STRATEGIES, BEHAVIOR AND ORGANIZATIONS

Oggetto:

STRATEGIES, BEHAVIOR AND ORGANIZATIONS

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Academic year 2023/2024

Course ID
SEM0180
Teacher
Dino Gerardi (Lecturer)
Year
1st year
Teaching period
Second semester
Type
Distinctive
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/08 - management
Delivery
Formal authority
Language
English
Attendance
Optional
Type of examination
Written
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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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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.

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Course delivery

The course consists of 48 lecture hours. The classes will cover the theory and several applications. We strongly encourage the students to attend the classes.

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Learning assessment methods

Closed-booked written exam.

The exam will consist of a few questions and/or problems. The mark assigned to each question/problem will depend on the level of difficulty.

Suggested readings and bibliography



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Book
Title:  
An Introduction to Game Theory
Year of publication:  
2003
Publisher:  
Oxford University Press
Author:  
Martin J. Osborne
ISBN  
Required:  
No


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