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Game Theory and Economics

IIT Guwahati, , Prof. Debarshi Das

Overview

Contents:
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 : Cournots model of duopoly market - Bertrands 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

Includes

Lecture 5: Examples of Nash Equilibrium

4.1 ( 11 )


Lecture Details

Game Theory and Economics by Dr. Debarshi Das, Department of Humanities and Social Sciences, IIT Guwahati. For more details on NPTEL visit httpnptel.iitm.ac.in

Ratings

5.0


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Comments
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Sam

Excellent course helped me understand topic that i couldn't while attendinfg my college.

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Dembe

Great course. Thank you very much.

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