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oyug��ں��Һm!���QK��]�4�"kMs����]Ȧ. ‘Rational’ here means the standard thing in economics: The War of Attrition Wars of attrition often arise in business (and in other settings as well). Draft MBA Game Theory Syllabus 3 COURSE COMMUNICATION A NYU Courses website will be created for this course. Game Theory Notes on the web by T. S. Ferguson. Auctions are useful mechanisms for price determination. Strategies: Rules that tell a player which action to take at each point of the game. In this case, the inferior strategy can be eliminated and the game simplified such If both rivals have dominant strategies that coincide, then the equilibrium is called a dominant strategy equilibrium, a special case of a Nash equilibrium. Game theory provides the tools to analyze such problems. University. Special Topics Format . Game theory lecture notes. Your effort and contribution in class discussions will determine your participation grade. In games having more than Payoffs: The utilities (or happiness) that each player realizes for a particular outcome. Game theory helps one to develop optimal strategies. Field. However, students with a background in Math 164 (linear programming) and Math 170A (probability) will find the course easier. In many situations, it is crucial to consider the moves of one's opponent(s). Professor . two rows or problems, one may find it useful to identify one option that is always better or worse than another option, in other words, To analyze such a game, one puts oneself in the other player's shoes, recognizing that the opponent, being clever, is doing the same. Avinash K. Dixit and Barry Nalebuff, Thinking Strategically : The Competitive Edge in Business, Politics, and Everyday Life, Home | Site Map | About | Contact | Privacy | Reprints | User Agreement. Common auction formats include the English auction, Dutch auction, and sealed bid auction. As such, the course emphasizes the identification and analysis of archetypal strategic situations frequently occurring in bargaining situations. The goal of this course is to provide students with the essential tools of game theory, and demonstrate their use by applying them to a variety business situations and cases. Game Theory was an American power pop band, founded in 1982 by singer/songwriter Scott Miller, combining melodic jangle pop with dense experimental production and hyperliterate lyrics. On the other hand, the publicity from such a lawsuit might be exactly what the smaller player needs to build brand c?C~�������l'R�@-�a`��H320�L�[����q"�p � M�#H
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