Introduction to Game Theory
- Institute of Economic Studies
- Syllabus of lectures:
a.Introduction, definition of basic terms – role of game theory in economic and social sciences, strategic interactions, what is “game,” types of games and illustrative examples.
b.Static games of complete information – normal form games, elimination of strategies (strict vs. weak dominance), Nash equilibrium, mixed strategy equilibrium, applications
2.Block 2 - Dynamic games of complete information – backward induction, games in extensive form, subgame perfect Nash equilibrium, repeated games, applications
3.Block 3 –
a.Games of incomplete information – static (Bayesian) games and Bayesian Nash equilibrium, dynamic (signaling) games and perfect Bayesian equilibrium, applications
b.Auctions – types of auctions, strategies and equilibria, applications
- Syllabus of tutorials:
- Study Objective:
Upon successful completion of this course, students will be able to describe and solve decision making situations with several participants. They will also be able to find optimal solutions in decisions under risk and uncertainty.
- Study materials:
OSBORNE, M.J. (2011), Introduction to Game Theory (9th edition). Oxford University Press. ISBN: 019512895-8.
GIBBONS, R. (1992) - A Primer in Game Theory, Pearson Academic. ISBN: 9780745011592.
Selected academic articles
- Further information:
- No time-table has been prepared for this course
- The course is a part of the following study plans: