Inhalt

[ 971MECOGATK17 ] KS Game Theory

Versionsauswahl
Es ist eine neuere Version 2019W dieser LV im Curriculum Master's programme Social Economics 2019W vorhanden.
(*) Unfortunately this information is not available in english.
Workload Education level Study areas Responsible person Hours per week Coordinating university
4 ECTS M1 - Master's programme 1. year Economics Franz Hackl 2 hpw Johannes Kepler University Linz
Detailed information
Original study plan Master's programme Economics 2017W
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
Corresponding lecture (*)2SECSTK: KS Game Theory (4 ECTS)
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority