Game Theory 8 – chap14. Bayesian Nash equilibrium example
Learn an example of a Bayesian Nash equilibrium.
Learn an example of a Bayesian Nash equilibrium.
We will discuss finite/infinite games that work on the same principle for Bayesian Nash equilibrium and utilize BR to derive BNE.
We will learn how to model incomplete information and the basic idea. We will also see how to turn an incomplete problem into an imperfect problem.
Learn how far rationality can take you, and how to find Nash equilibria in a variety of examples, including the Cournot Duopoly.
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.
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.