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GAMES AND DECISIONS
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GAMES AND DECISIONS
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Academic year 2014/2015
- Course ID
- ECO0197
- Teaching staff
- Paolo Ghirardato (Titolare del corso)
Dino Gerardi (Titolare del corso) - Year
- 2° anno
- Teaching period
- Primo semestre
- Type
- Affine o integrativo
- Credits/Recognition
- 6
- Course disciplinary sector (SSD)
- SECS-P/01 - economia politica
- Delivery
- Tradizionale
- Language
- Inglese
- Attendance
- Facoltativa
- Type of examination
- Scritto
- Prerequisites
- All advanced courses in microeconomics
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Sommario del corso
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Course objectives
This is a course which introduces students to the formalization and analysis of decision making both in a single-person and in a strategic (i.e., game theory) environment. While the course's emphasis is on theoretical issues, some attention is also given to the application of concepts to business, economic and financial problems. Click on the link below (in "Altre informazioni") to be taken to this course's real web page (updated frequently).
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Learning assessment methods
Written exam (and bi-weekly homeworks)
Written exam (and bi-weekly homeworks)
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Program
The course is divided into two parts:Part 1: Decisions (Ghirardato)Introduction and overview of decision modelsKnown probabilities: The Expected Utility ModelSubjective probability: The Subjective Expected Utility model (Anscombe-Aumann and Savage)Non-expected utility models: The Allais and Ellsberg paradoxes and theirrationalizationsPart 2: Games (Gerardi)A decision-theoretic approach: Dominance, beliefs and "Never Weak BestResponse" strategiesStrategic form games: Dominance, Nash equilibrium, mixed strategiesExtensive Form Games: Corresponding strategic forms, behavioralstrategies, backwards induction, subgame perfect equilibriumGames of Incomplete Information: Normal-form representation of staticgames of incomplete information, Bayesian Nash equilibrium, perfectBayesian equilibriumRepeated Games: Folk theoremsSuggested readings and bibliography
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- The exam is mostly going to be based on the class notes and somereadings assigned in class. However, for supplemental reading (and somehomework exercises) the following are the suggested textbooks for thecourse:David Kreps, Notes on the Theory of Choice, Westwood Press, 1988 (hard,but good as reference)Martin J. Osborne, An Introduction to Game Theory, Oxford UniversityPress, 2003 (easier)Martin J. Osborne and Ariel Rubinstein, A Course in Game Theory, The MITPress, 1994 (harder, but available electronically here)
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Class schedule
Giorni Ore Aula Martedì 16:00 - 18:00 Auletta Biella Facoltà di Economia Venerdì 14:00 - 16:00 Auletta Biella Facoltà di Economia Lezioni: dal 16/09/2014 al 06/12/2014 - Oggetto:
Note
Course web site: http://web.econ.unito.it/gma/didattica/gd/gd.htm
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