Game Theory I

Catalog description

This course provides a rigorous treatment of the basic models and solution concepts of non-cooperative game theory primarily in a symmetric information setting. It begins with Normal form games and dominance arguments, mixed strategies, and the fundamental concept of Nash equilibrium. Next, the course discusses extensive form games, subgame perfect equilibrium, and other refinements of Nash equilibrium. Applications include models which are often used in applied economics, such as bargaining and repeated games. From a critical perspective, the course compares Nash equilibrium with reasoning based solution concepts: rationalizability, and level-k reasoning.