Syllabus

Title
6251 Game Theory
Instructors
Prof. Lawrence Blume, Ph.D., Univ.Prof. Alexander Mürmann, Ph.D.
Contact details
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
02/01/22 to 02/28/22
Registration via LPIS
Notes to the course
Dates
Day Date Time Room
Tuesday 05/24/22 12:00 PM - 03:00 PM D3.0.218
Wednesday 05/25/22 10:00 AM - 01:00 PM D5.1.002
Tuesday 05/31/22 01:00 PM - 04:00 PM D4.0.127
Wednesday 06/01/22 09:00 AM - 12:00 PM D5.1.002
Thursday 06/02/22 09:00 AM - 11:00 AM D4.0.127
Wednesday 06/08/22 09:00 AM - 12:00 PM D5.1.002
Thursday 06/09/22 09:00 AM - 12:00 PM D4.0.019
Thursday 06/09/22 02:00 PM - 03:00 PM D4.0.133
Friday 06/10/22 09:00 AM - 11:30 AM D4.0.019
Friday 06/17/22 10:00 AM - 12:30 PM D4.0.019
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.

Availability of lecturer(s)
Other
You have to sign in additionally via email
Additional information on MyLEARN.

Last edited: 2022-03-02



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