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Published byBrittney Garrison Modified over 9 years ago
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Game Theory short
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What a "Game" means in Game Theory. Rivalry is direct. In "Zero-Sum" games you win just what the other guy loses. Economic market games are often non-zero sum. Noncooperative often. Oligopolistic.
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Who needs to study Game Theory? We will do two-person games in this course.
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Nash Equilibrium: A set of strategies such that each player believes accurately that he is doing the best he can given the strategy of the other player.
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Nash as a young man Nash as a Nobel Prize Winner The book and the Oscar-winning movie.
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Barkley A B Allied I II
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Applications of Game Theory outside of economics: Prisoner's Dilemma MAD our historical Cold War policy on nuclear attack missiles and our defensive system.
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Does Cheating Pay?
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Before Most-favored Customer Clause
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After Most-Favored Customer Clause
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Walmart Case: Preemptive strategies.
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