Introductory Game Theory 2007

University of Canterbury Course , Winter 2009 , Prof. John Fountain

138 students enrolled

Overview

course in introductory game theory.

Lecture 18: Intro Game Theory (2007) Lect 19 of 23

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        Lecture Details

        I like this lecture. We start reviewing and re-explaining the natural frequency & truth table ideas about basic technological and diagnostic uncertainties in the venture capitalist game. Then we sketch the game tree here, concentrating on using information sets to help us set out what the players know and dont know in the game, and what they know and dont know about what other players know and dont know..etc....Then we try to figure out whats it reasonable to believe in a game like this? Here we use our previous ideas about players strategies to help use our beliefs about diagnostics and technologies to help figure out what should I believe here? Naturally the answer is complicated...but the intuition is worthwhile, coz we run smack into the problem of multiple reasonable things to believe...and "bad" equilibria...all becasue of private information. Two examples why men in NZ are reluctant to enter into primary care education, why career oriented women may have a tough time finding good jobs. Original mp4s of this video and other resources related to the lectures from my introductory game theory course at the University of Canterbury , Econ 223, can be obtained at httpuctv.canterbury.ac.nzmodulesjournaljournalview.php?space_key=4&module_key=135&link_key=139&group_key=0 Youll also find the 2008 lectures - better in some respect - but only 16 out of 22 are edited.

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