Syllabus

Title
1995 Game Theory
Instructors
Univ.Prof. Alexander Mürmann, Ph.D., Prof. Lawrence Blume, Ph.D.
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/02/19 to 09/30/19
Registration via LPIS
Notes to the course
Dates
Day Date Time Room
Monday 11/18/19 09:00 AM - 12:00 PM D4.0.047
Tuesday 11/19/19 01:15 PM - 04:30 PM D4.0.047
Wednesday 11/20/19 09:00 AM - 12:15 PM D4.4.008
Monday 11/25/19 01:15 PM - 04:30 PM D4.0.047
Wednesday 11/27/19 09:00 AM - 12:15 PM D4.4.008
Monday 12/02/19 09:00 AM - 12:15 PM D4.0.047
Wednesday 12/04/19 09:00 AM - 12:15 PM D4.4.008
Monday 12/09/19 11:30 AM - 12:30 PM D4.4.213
Contents

1. Introduction: What is a game? Simple examples, basic assumptions.

2. Games in Extensive Form: Perfect and imperfect Information, the tree, strategies (pure, mixed,and behavioral strategies), perfect recall (Kuhn’s theorem), Bayesian games (incompleteinformation).

3. Games in Normal Form: Normal form games, Thompson transformation, the space of games.

4. Solving Games: Dominance (weak and strict dominance), rationalizable strategies, Nashequilibrium, zero-sum games, correlated equilibrium.

5. Applications: Oligopoly (Cournot, Bertrand, differentiated commodities), repeated games,mechanism design, principal-agent problems, signaling, adverse selection and moral hazard,auctions.

Syllabus

Learning outcomes
The goal is to introduce the basic concepts from game theory, both intuitively and at a formal level. Furthermore, important applications of game theory to economic problems will be discussed.
Teaching/learning method(s)

Lecture and homework assignments to be discussed in class.

Assessment

In each lecture problem sets are distributed. Problems will be discussed in class and the student’s performance in handling the problems will be graded. In addition, there will be two written classroom exams, a midterm and a final. Each written exam covers the material that has been discussed up to the exam date. Written exams consist of 3-4 problems that students have to solve in writing.

Problem sets: 20%

Midterm exam: 35%

Final exam: 45%

Prerequisites for participation and waiting lists
To be announced!
Recommended previous knowledge and skills
Knowledge of microeconomics incl. general equilibrium theory.
Availability of lecturer(s)
Other
You have to sign in additionally via email
Additional information on MyLEARN.

Last edited: 2019-11-15



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