Game Theory and Economics from television advertisement Watch Video
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Description: Contents:<br/>Introduction to Game Theory :<br/>What is game theory? - Theory of rational choice - Interacting decision makers<br/><br/>Strategic Games and Nash Equilibrium : Strategic games: examples - Nash equilibrium: concept and examples - Best response functions - Dominated Actions - Symmetric games and symmetric equilibria<br/><br/>Illustrations of Nash Equilibrium : Cournots model of duopoly market - Bertrands model of duopoly market - Electoral Competition - War of Attrition - Auctions - Accident Laws<br/>Mixed Strategy Nash Equilibrium : Introduction - Strategic games with randomisation - Mixed strategy Nash equilibrium: concept and examples - Dominated Actions - Formation of Players beliefs<br/><br/>Extensive Games and Nash Equilibrium : Introduction to extensive games - Strategies and outcomes - Nash equilibrium - Subgame perfect Nash equilibrium - Backward induction<br/>Illustrations of Extensive Games and Nash Equilibrium : Stackelberg model of duopoly markets - Ultimatum game
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