Introductory Game Theory 2007

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

182 students enrolled

Overview

course in introductory game theory.

Lecture 19: Intro Game Theory (2007) Lect 20 of 23

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        Lecture Details

        This lecture continues our discussion and analysis of strategic interaction with asymmetric information and uncertainty. We examine the problem of adverse selection and the "lemons" problem (why is the used car you buy likely to be a "lemon"?) . Here, bad quality products drive out good quality products. Next we look at attempts to solve the lemons type problem can uninformed buyers find tests or screens to help resolve their uncertainty? Can privately informed sellers provide signals like warranties or certification reports that buyers will believe? 2008 does a better job on this section.... 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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