THE GAME THEORY
- Overview
- Assessment methods
- Learning objectives
- Contents
- Full programme
- Delivery method
- Teaching methods
- Contacts/Info
Mathematics. Specifically, differential calculus and optimization.
The exam is written and consists of 6 exercises. The student must correctly perform only 5 of the 6 exercises to obtain the maximum score. The test is considered passed by correctly performing at least three exercises. The student has two hours to take the exam.
The aim of the course is to provide students with the basic elements of non-cooperative game theory. In particular, at the end of the course students will know the analytical tools for understanding, modeling and forecasting the strategic behaviors of economic agents.
The course aims to provide the following skills:
1) To solve general multi-agent problems in the economic, financial and business fields with the techniques of game theory.
2) To apply the concepts of game theory to practical scenarios to propose efficient and stable solutions to strategic problems in the business and economic environments even under uncertainty.
Strategic-form games. Nash equilibria and methods for calculating them. Bayesian games. Dynamic games. Evolutionary games.
1) Matrix games and games in normal form;
2) Nash equilibrium;
3) Test for the existence of a Nash equilibrium;
4) Mixed strategies;
5) best-reply functions;
6) Nash's theorem;
7) Economic applications: Cournot and Bertrand oligopolies, management of natural resources, auctions, voting system;
8) Decision theory with applications to finance;
9) Extensive form games and backward induction;
10)Evolutionary games and evolutionary stable equilibria.
Classroom-taught lessons
OFFICE HOURS (It is required to arrange an appointment by email at davide.radi@uninsubira.it): : Every Monday from 12.30 pm to 1.30 pm.