316-450 Game Theory

Note

Students may not gain credit for both 316-450 Game Theory and 316-674 Game Theory.

Credit Points

12.5

Coordinator

Professor A van de Nouweland

Prerequisites

316-313 Microeconomics or equivalent.

Semester

2 (view timetable)

Contact

Three hours of lectures/seminars per week

Subject Description

This subject provides a rigorous introduction to non-cooperative game theory and the economics of asymmetric information. The equilibrium concepts covered include dominant strategy, Nash, subgame perfect, Bayes-Nash and perfect Bayes equilibrium.

Generic Skills

  • High level of development: written communication; problem solving; team work; statistical reasoning; application of theory to practice; critical thinking; receptiveness to alternative ideas.

  • Moderate level of development: collaborative learning.

Assessment

A 2-hour end-of-semester examination (60%) and class assignments totalling approximately 4000 words (40%).



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