PPT-17. (A very brief) Introduction to game theory

Varian Chapters 28 29 Interacting decisions In most of our discussion of behavior weve looked at either Individual actions eg consumer choice Market interaction eg Edgeworth box with the help of the Walrasian auctioneer. Presented by: Zhenhuan Sui. Nov. 24. th. , 2009. Definition. Game Theory: applied mathematics in social sciences, especially economics. It is to mathematically find behaviors in strategic situations in which an individual person's successful choices depend on the choices of others. It tries to find the equilibriums in the games in which each player uses a strategy that they are unlikely to change. . Social Behavior:. Define by Economic Interaction. Individuals Affect Each Other’s Fitness,. Predict by Modeling Fitness Currency. Interactions Competitive. Game Theory, . ESS. Social Behavior & Game Theory. ECO 54 History of Economic Thought. Udayan. Roy. What is Game Theory?. Game theory looks at rational behavior when each decision maker’s well-being depends on the decisions of others as well as her own. According to the folks at Wikipedia, a game may be considered as an applied game or serious game if it has for its purpose objectives that are distinguished from those purely of entertainment. The adjective “serious” is used to refer to industries related to education, defense, health care, science, planning of cities, emergency management, politics or even engineering.. Economics 171. Course requirements. Class website . Go to economics departmen. t home page. Under Links, find Class pages, then click on Econ 171 . Textbook: Games, Strategies, and Decision . Making, Second Edition. Lecture 1 - Introduction. 1. Agenda. Introduction. to Game Theory. Basic. Game Theory Examples. Strategic. Games. More. Game Theory Examples. Equilibrium. Mixed Strategy. 2. The study of Game Theory in the context of Computer Science, in order to reason about problems from computability and algorithm design.. Game theory applies mathematics to competitive situations. Places emphasis on . the decision-making . of the adversaries. Commonly used in business . and economics. 1994 and 2005 Nobel Prizes for Economic Sciences were given for research in game theory. Nima. . Namvar. PhD Student. Outline. Introduction. Matching . Games. Stackelberg. Games. Coalition Games. Future works. . Part1: . Introduction. Multi-agent Systems. Agent . capabilities:. Sensing the environment. Author: . Neil . Bendle. Marketing Metrics Reference: Chapter 7. © 2014 Neil . Bendle. and Management by the Numbers, Inc.. Game Theory studies competitive and cooperative interactions.. Despite often using terms such as “players” and “games”, the ideas apply to markets and managers.. 08. Games and Game Theory. Much effort to develop computer programs for artificial games like chess or poker commonly played for entertainment. Larger issue: account for, model, and predict how agents (human or artificial) interact with other agents. The Desired Brand Effect Stand Out in a Saturated Market with a Timeless Brand Matrix Form of a Game. Dominant Strategy and Dominated Strategy. Nash Equilibrium. Game Trees. Subgame Perfection. 3. Game Theory. Game theory is the study of a set of tools that can be used to analyze decision-making by a set of players who interact with each other through a set of strategies.. Giant Kids World is a leading video game store dedicated to providing gamers with the best selection of merchandise, and figures. With a commitment to quality and customer satisfaction, Giant Kids World continues to be a trusted destination for gaming enthusiasts worldwide. competitiON. P.V. Viswanath. FIN 663, . Financial Strategy and Business Decisions. Why Game Theory?. equilibria. We saw previously (in the module on Capital Structure and Stockholder Incentives) that the existence of debt could cause debt overhang...