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Documents Mason. Game Theory

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…

Entertainment & Humor Bradford fall 2013 so 211 games

1. GAMES an introduction John Bradford, Ph.D. 2. What are ‘Games?’ • Game Theory = the study of interactive, strategic decision making among rational individuals. –…

Documents Game Theory. Poker Who plays? Do you play the probabilities?

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,…

Documents Game Theory. Poker Do you play poker? Do you play the probabilities? What happens when someone...

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…

Documents Concepts of Game Theory II. 2 The prisioners reasoning… Put yourself in the place of prisoner i...

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…

Documents Chapter 12: Oligopoly and Monopolistic Competition.

Slide 1Chapter 12: Oligopoly and Monopolistic Competition Slide 2 Characteristics of a monopolistically competitive market Many buyers and sellers Differentiated products…

Documents Clicker Question-A Chicken Game 0, 0 0, 1 1, 0 -10, -10 Swerve Hang Tough Swerve Hang Tough Player 2...

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…

Documents Finance 30210: Managerial Economics Strategic Pricing Techniques.

Slide 1Finance 30210: Managerial Economics Strategic Pricing Techniques Slide 2 Market Structures Recall that there is an entire spectrum of market structures Perfect Competition…

Documents 15 OLIGOPOLY © 2012 Pearson Addison-Wesley In some markets, there are only a few firms compete. For...

Slide 1 Slide 2 15 OLIGOPOLY Slide 3 © 2012 Pearson Addison-Wesley Slide 4 In some markets, there are only a few firms compete. For example, computer chips are made by Intel…

Documents 1 Game Theory. By the end of this section, you should be able to…. ► In a simultaneous game...

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…