Game Theory 1 Robin Mason March 2, 2006 1 These notes are based on to a large extent on the notes of Dirk Bergemann and Juuso Valimaki for similar courses at Yale University…
1. GAMES an introduction John Bradford, Ph.D. 2. What are ‘Games?’ • Game Theory = the study of interactive, strategic decision making among rational individuals. –…
Slide 1Game Theory Slide 2 Poker Who plays? Do you play the probabilities? Slide 3 John von Neumann The best mind of the 20th Century 1928 - Mathematical genius von Neumann,…
Slide 1Game Theory Slide 2 Poker Do you play poker? Do you play the probabilities? What happens when someone bluffs? Slide 3 John von Neumann 1928 - Mathematical genius von…
Slide 1Concepts of Game Theory II Slide 2 2 The prisioners reasoning… Put yourself in the place of prisoner i (or j)… Reason as follows: –Suppose I cooperate… If…
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Slide 1Clicker Question-A Chicken Game 0, 0 0, 1 1, 0 -10, -10 Swerve Hang Tough Swerve Hang Tough Player 2 Pllayer 1 Does either player have a dominant strategy? A) Yes…
Slide 1Finance 30210: Managerial Economics Strategic Pricing Techniques Slide 2 Market Structures Recall that there is an entire spectrum of market structures Perfect Competition…
Slide 11 Game Theory Slide 2 By the end of this section, you should be able to…. ► In a simultaneous game played only once, find and define: the Nash equilibrium…