 |
| Detailed information |
| Original study plan |
Diploma programme (*)Wirtschaftswissenschaften 2009W |
| Objectives |
(*)We will learn how to analyse strategic behaviour using game theory,
focusing on examples from economics and business. For example, we will
examine competition in oligopolistic markets and will analyse likely
(and unlikely) outcomes of such competition. In this course we will
focus on decision making in economic and business settings, but the
ideas of game theory can be applied to almost every situation and are
widely used by e.g. psychologists, in political sciences, but also in
the natural sciences such as biology. A game in this context is a
strategic interaction of players, e.g. competitors deciding about
prices.
|
| Subject |
(*)Games with perfect information: Nash equilibrium, best response
functions, dominated actions; mixed strategy equilibrium.
Extensive games with perfect information: Nash equilibrium,
subgame‑perfect equilibrium, backward induction
|
| Criteria for evaluation |
(*)Übungsbeispiele, Endklausur
|
| Methods |
(*)Vortrag, Übungsbeispiele
|
| Language |
English |
| Changing subject? |
No |
|
