PPT-Chapter 15 Game Theory Introduction

Game theory applies mathematics to competitive situations Places emphasis on the decisionmaking of the adversaries Commonly used in business and economics 1994 and 2005 Nobel Prizes for Economic Sciences were given for research in game theory. 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. . 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.. Varian, Chapters 28, 29. Interacting decisions. In most of our discussion of behavior, we’ve looked at either. Individual actions – e.g., consumer choice. Market interaction – e.g., Edgeworth box, with the help of the Walrasian auctioneer. 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.. 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.. 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  . and Myopic Decision MakingIIntroduction: Two Decisionmaking EnvironmentsA. Most mainstream game theory explores a setting in which game participantsare fully rational and well informed. i. They know Today: The fundamentals of game theory, including Nash equilibrium. USC Economics slide show by . Shivendra. . Awasthi. . ????. Today. Introduction to game theory. We can look at market situations with two players (typically firms). What is Game Theory?. It is . a tool used to analyze strategic behavior . and trying . to maximize . his/her payoff . of the game by anticipating the actions of the other players and responding to them . 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.. Game theory . to analyze strategic behavior:. Given a strategic environment (a “game”), and an assumption about like behavior (e.g. Nash Equilibrium), we can predict what will happen.. Mechanism design . 1. Introduction to game theory and its solutions. 2. Relate Cryptography with game theory problem by introducing an example. 3. Open questions and discussions. Game Theory and Cryptography Presented by 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...