Introduction to Game Theory :
What is game theory? – Theory of rational choice – Interacting decision makers
Strategic Games and Nash Equilibrium : Strategic games: examples – Nash equilibrium: concept and examples – Best response functions – Dominated Actions – Symmetric games and symmetric equilibria
Illustrations of Nash Equilibrium : Cournot’s model of duopoly market – Bertrand’s model of duopoly market – Electoral Competition – War of Attrition – Auctions – Accident Laws
Mixed Strategy Nash Equilibrium : Introduction – Strategic games with randomisation – Mixed strategy Nash equilibrium: concept and examples – Dominated Actions – Formation of Players’ beliefs
Extensive Games and Nash Equilibrium : Introduction to extensive games – Strategies and outcomes – Nash equilibrium – Subgame perfect Nash equilibrium – Backward induction
Illustrations of Extensive Games and Nash Equilibrium : Stackelberg model of duopoly markets – Ultimatum game
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