Microeconomics II-1: introduction to game theory
Fiches d'apprentissage et de révisions
Fiches d'apprentissage et de révisions
Kartei Details
| Karten | 26 |
|---|---|
| Sprache | English |
| Kategorie | VWL |
| Stufe | Universität |
| Erstellt / Aktualisiert | 17.02.2020 / 02.10.2023 |
| Lizenzierung | Namensnennung - Nicht-kommerziell - Keine Bearbeitung (CC BY-NC-ND) (Université de Genève, cours de Prof. Jeremy Laurent Lucchetti, 2019-2020) |
| Weblink |
https://card2brain.ch/box/20200217_microeconomics_ii1_introduction_to_game_theory
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| Einbinden |
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This course is a way to
cover topics on
public economics,
industrial organisation,
behavioral and experimental economics as well as
political economics.
“The major pleasures of the social sciences stem from
an elementary property of human beings:
Man is capable of producing more complex behavior
than he is capable of understanding…”
Our economic environment is characterized by interdependence of decision-making
– An agent’s well-being depends on the choices of other agents
– An agent’s best choice depends on what other agents do.
Infinite regress
• You lose your friend at a Museum.
• You: “Where would I go if I were him?”
• Him: “Where would I go if I were her?”
• You need to think about what he thinks that you will do.
• And he needs to think about what you think that he
thinks that…
Game theory allows to
break the infinite regress
and say something useful
in presence of Strategic interactions.
Game theory sheds
insight on situations in economics, business, politics, and international relations
Strategic reasoning
when agents use a model of
other agents choices
to predict what they will do,
and then use that prediction
in deciding how to behave
Game theory
a mathematical tool
for assessing the implications
of strategic reasoning
