TAU:0365.3999
Probabilistic aspects of economic games
Lecturer
Prof.
Boris Tsirelson
,
School of Mathematical Sciences.
Time and place
Monday 13-14 Naftali 208; Wednesday 3-5 Schreiber 210.
Prerequisites
Probability theory.
Grading policy
Written homework and oral exam.
Syllabus
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Lecture notes
Basic models and notions:
game, strategy, best response, equilibrium.
Best response.
Symmetric equilibria and revenue equivalence.
Oligopoly: Cournot competition as a game of incomplete information.
Not just two players.
Symmetric and asymmetric.
Many players, entry cost, and non-robustness.
Unknown distributions, correlated signals.
The end of monotone equilibria.
Contests: a mixed strategy equilibrium.