This Subject Includes

  • Course No: HS 123
  • Course:
  • Semester: IV
  • Title: Game Theory and Economics
  • Stream: Economics
  • Description:

    Definition of game theory; Games with perfect information: strategic games, examples, Nash equilibrium, best response functions, dominated actions, symmetric games and symmetric equilibria; Illustrations: Cournot's model, Bertrand's model, electoral competition, the war of attrition, auctions, accident law; Mixed strategy equilibrium: definition and illustrations; Extensive games with perfect information: Nash equilibrium and subgame perfect equilibrium, finite horizon games and backward induction, illustrations; Coalitional games and core.

    Text:

    1. M. J. Osborne, An Introduction to Game Theory, Oxford University Press, 2004.

    References:

    1. A. Mas-Colell, M. D. Whinston and J. R. Green, Microeconomic Theory, Oxford University Press, 1995.

    2. R. Gibbons, A Primer in Game Theory, Pearson Education, 1992

  • Text:

    1. M. J.-Osborne, An Introduction to Game Theory, Oxford University Press, 2004.

  • Course References:

    1. A. Mas-Colell, M. D. Whinston and J. R. Green, Microeconomic Theory, Oxford University Press, 1995.2. R. Gibbons, A Primer in Game Theory, Pearson Education, 1992.