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Economics for Business Lecture 9

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In this lecture we introduce game theory, following recap over the risk and insurance parts of the module we looked at last week. Game theory is the study of strategic interaction. In this lecture we looked at the history of game theory and the components of any game: players, strategies, and payoffs. We [...]

Also tagged Economics, Game, Game theory, Institutes, Nash Equilibrium, Prisoner's dilemma, Social Sciences

2009 10 09 EC4004_2009 Comments (0)

EC4004 Lecture 7, Game Theory, Part 2

Last time we looked at the history of game theory and the components of any game: players, strategies, and payoffs. We also discussed the first equilibrium concept we are going to see: the Nash equilibrium.
In this lecture, we’ll look at a few games in normal and Iterated forms, and talk about solution methods for these [...]

Also tagged Economic, Game theory, John von Neumann, Nash Equilibrium, Nobel Prize, Prisoner dilemma, Prisoner's dilemma, Strategy

2008 09 30 EC4004 Comments (0)