Karten 26 Karten
Lernende 0 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 17.02.2020 / 17.02.2020
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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Fenster schliessen

This course is a way to

cover topics on

public economics,

industrial organisation,

behavioral and experimental economics as well as

political economics. 

Fenster schliessen

“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…”

Fenster schliessen

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.

Fenster schliessen

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…

Fenster schliessen

Game theory allows to

break the infinite regress

and say something useful

in presence of Strategic interactions.

Fenster schliessen

Game theory sheds

insight on situations in economics, business, politics, and international relations

Fenster schliessen

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

Fenster schliessen

Game theory

a mathematical tool

for assessing the implications

of strategic reasoning