Syllabus

Title
0711 Y2CO Game Theory
Instructors
Univ.Prof. Dr.Dr. Ulrich Berger
Contact details
ulrich.berger@wu.ac.at
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/04/17 to 09/24/17
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Game Theory
Dates
Day Date Time Room
Tuesday 10/03/17 10:00 AM - 02:00 PM TC.4.03
Tuesday 10/10/17 10:00 AM - 02:00 PM TC.3.03
Tuesday 10/17/17 10:00 AM - 02:00 PM TC.3.03
Friday 10/20/17 01:00 PM - 05:00 PM D4.0.127
Tuesday 10/31/17 10:00 AM - 02:00 PM TC.3.03
Tuesday 11/07/17 10:00 AM - 02:00 PM TC.3.03
Tuesday 11/14/17 10:00 AM - 02:00 PM TC.3.03
Friday 11/17/17 01:00 PM - 05:00 PM TC.4.18
Tuesday 11/21/17 02:00 PM - 04:00 PM TC.0.02 Red Bull

On this page:

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Contents

This is an introduction to noncooperative game theory. The detailed contents are listed below.

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Learning outcomes

After completing this class the students will have the ability to

  • recognize strategic problems
  • model those strategic problems as games
  • analyze these games using the methods and tools of noncooperative game theory
  • find the equilibria of these games and interpret those equilibria in terms of positive and normative game theory
  • formulate a concise assessment of the strategic problem and its possible solution in game-theoretic terms
  • translate these terms into policy recommendations for efficient ways of handling or even solving the underlying strategic problem.
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Teaching/learning method(s)
This course is taught as lectures combined with homework assignments and in-class experiments. Lectures provide the core information of the topics while homework assignments help students to consolidate their knowledge and understanding. The experiments transform the abstract concepts and the intricacies of strategic decision-making into a hands-on experience. The homework assignments can be worked out in groups (max. 3 students) and the solutions will be presented by students and discussed in class.
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Assessment
  • 60% written final exam
  • 30% homework assignments
  • 10% active class participation

The assessment of the homework assignments will be based on the correctness of results, the clarity and persuasiveness of each bit of work and the recognizable effort made. For the written final exam, the assessment will be based on the ability to describe and apply the key concepts discussed throughout the course and to choose the appropriate analytical techniques to obtain the relevant information.

Students need to get 50% of the overall marks to pass. For further information about the assessment please contact the lecturer.

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Prerequisites for participation and waiting lists
Successful completion of the classes Mathematics I, Financial Markets and Instruments, Probability, and Microeconomics
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Readings
1 Author: Ulrich Berger
Title: Game Theory: slides

Year: 2011
Content relevant for class examination: Yes
Content relevant for diploma examination: Yes
Recommendation: Essential reading for all students
Type: Script
2 Author: Osborne, Martin J.
Title: An Introduction to Game Theory

Publisher: Oxford University Press, Oxford, UK
Year: 2004
Content relevant for class examination: No
Content relevant for diploma examination: No
Recommendation: Reference literature
Type: Book
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Availability of lecturer(s)
E-Mail: ulrich.berger@wu.ac.at, Tel.: +43 1 31336 4562
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Unit details
Unit Date Contents
1 noncooperative game theory; basic assumptions; rationality; strategic games; bimatrix games; examples of strategic games; dominated strategies; dominant strategies
2 best response functions and Nash equilibrium
3 illustration of Nash equilibrium and mixed strategy equilibrium
4 extensive games with perfect information
5 Bayesian games
6 extensive games with imperfect information
7 written final exam
Last edited: 2017-05-09



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