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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)
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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…