Overview
Description
Use of game theoretic models in economics. General theory of individual choice under risk and uncertainty or asymmetric information.
Units
Lecture3
Catalog Details
Offering
Offered: Every Spring
Terms
spring
Attributes
Standard
Learning Outcomes
- demonstrate understanding of how rational agents behave in a strategic environment.
- demonstrate understanding of strategic behavior in static and dynamic framework.
- demonstrate understanding of strategic behavior when agents do not have complete information about the economic environment.
- demonstrate understanding of game theoretic equilibria and what kind of equilibrium is appropriate in what context.