- Oggetto:
- Oggetto:
STRATEGIES, BEHAVIOR AND ORGANIZATIONS
- Oggetto:
STRATEGIES, BEHAVIOR AND ORGANIZATIONS
- Oggetto:
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
- Oggetto:
Sommario del corso
- Oggetto:
Course objectives
The course provides a mathematical treatment of choice under uncertainty and game theory. We will develop and solve formal models of strategic interaction. We will analyze different types of games and solution concepts. We will also consider several economic applications, such as imperfect competition, auctions, public goods and bargaining.
- Oggetto:
Results of learning outcomes
Knowledge and understanding: The students will learn about strategic thinking and its implications.
Applying knowledge and understanding: The students will learn how to model situations of strategic interaction as games and to predict the behavior of rational agents.
Making judgements: The students will learn how individuals react to incentives and will be able to evaluate the effects of economic policies and government regulations.
Communication skills: The students will be able to organize in a systematic way different aspects of complex economic problems. They will be also able to illustrate strategic behavior and incentives.
Learning skills: The students will acquire a new methodology to investigate economic and social interactions.
- Oggetto:
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.
- Oggetto:
Learning assessment methods
Closed-booked written exam (around two hours).
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.
- Oggetto:
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
- Oggetto:
- Book
- Title:
- An Introduction to Game Theory
- Year of publication:
- 2003
- Publisher:
- Oxford University Press
- Author:
- Martin J. Osborne
- ISBN
- Required:
- No
- Oggetto:
