Probabilistic aspects of economic games
School of Mathematical Sciences.
Time and place
Monday 13-14 Naftali 208; Wednesday 3-5 Schreiber 210.
Written homework and oral exam.
Basic models and notions:
game, strategy, best response, equilibrium.
Symmetric equilibria and revenue equivalence.
Oligopoly: Cournot competition as a game of incomplete information.
Not just two players.
Symmetric and asymmetric.
Many players, entry cost, and non-robustness.
Unknown distributions, correlated signals.
The end of monotone equilibria.
Contests: a mixed strategy equilibrium.