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Game Theory

Game Theory 7 – chap10. Infinitely repeated games

June 27, 2023June 1, 2023 by sehee

Find the deviation of the cooperation phase and the punishment phase so that equilibrium can be reached. Also, learn the status of the one-shot deviation principle.

Categories Game Theory Tags cooperation phase, game theory, infinitely, Jun 1 2023, one-shot deviation principle, punishment phase, repeated game, repeated prisoners' dilemma 1 Comment

Game Theory 7 – chap09. Finitely repeated game

June 1, 2023June 1, 2023 by sehee

Learn about an example of finding a pure-strategy SPE to find the best response of repeated interactions. We will also explore the prisoners’ dilemma for unique NEs.

Categories Game Theory Tags finitely, game theory, Jun 1 2023, repeated game, repeated interactions, repeated prisoners' dilemma 1 Comment

Game Theory 3 – chap08. Application I

June 3, 2023June 1, 2023 by sehee

Learn how far rationality can take you, and how to find Nash equilibria in a variety of examples, including the Cournot Duopoly.

Categories Game Theory Tags application, cournot duopoly, game theory, Jun 3 2023, May 30 2023, rational 1 Comment

Game Theory 2 – chap07. Nash Equilibrium & Location Game

June 3, 2023June 1, 2023 by sehee

Learn about Nash equilibrium, a third way to make predictions in normal-form games. We will also see how to find a Nash equilibrium in a Location game.

Categories Game Theory Tags game theory, isd, Jun 3 2023, location game, May 29 2023, nash equilibrium, rationalizability Leave a comment

Game Theory 2 – chap06. Rationalizability

June 3, 2023June 1, 2023 by sehee

Learn about rationalizability, a second way to predict in normal-form games. Examine the difference between 2-player and 3-player games in terms of ISD and BR.

Categories Game Theory Tags beliefs, best response, dominance, game theory, Jun 3 2023, May 29 2023, rationalizability Leave a comment

Game Theory 2 – chap05. Strict/weak dominance

May 29, 2023May 28, 2023 by sehee

Learn about strict/weak dominant/dominated strategies and see an example of an ISD, which stands for iterated strict dominance.

Categories Game Theory Tags game theory, iterated strict dominance, May 28 2023, strict dominance, weak dominance Leave a comment

Game Theory 2 – chap04. Normal-form games, basic concepts

May 28, 2023May 27, 2023 by sehee

Of the three elements of a normal form game, we’ll look at strategy, and how to choose a strategy that maximizes the expected payoff under a given belief.

Categories Game Theory Tags basic concepts, bayesian rationality, beliefs, game theory, May 27 2023, normal-form games, strategy 1 Comment

Game Theory 1 – chap03. Normal-form games, basic concepts

June 6, 2023May 27, 2023 by sehee

Analyze the four elements of a normal form game, consider the payoff function, and work through an example. We will also learn about mixed strategies, which represent probability distributions over the strategy space.

Categories Game Theory Tags basic concepts, game theory, May 25 2023, mixed strategies, normal-form games Leave a comment

Game Theory 1 – chap02. Interactive Knowledge

May 27, 2023May 22, 2023 by sehee

Learn about interactive knowledge among the classifications of game theory, and the difference between common knowledge and public knowledge.

Categories Game Theory Tags common knowledge, game theory, interactive knowledge, May 20 2023, public knowledge 3 Comments

Game Theory 1 – chap01. Expected utility theorem

May 27, 2023May 22, 2023 by sehee

Learn what game theory is and how to use it to make decisions based on complete/incomplete information and simultaneous/sequential players.

Categories Game Theory Tags bayesian rationality, bernoulli's solution, expected utility theorem, expected value, game theory, May 1 2023, May 2 2023, normal-form games, preference and utility, taxonomy 1 Comment
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