14.12 Economic Applications of Game Theory


Class Info

Analysis of strategic behavior in multi-person economic settings. Introduction to solution concepts, such as rationalizability, backwards induction, Nash equilibrium, subgame-perfect equilibrium, and sequential equilibrium, with a strong emphasis on the assumptions behind these solution concepts. Issues of incomplete information, such as signaling and reputation formation. Applications drawn from microeconomics and political economy.

This class has 14.01, and 6.041B as prerequisites.

14.12 will not be offered this semester. It will be available in the Fall semester, and will be instructed by M. Yildiz.

This class counts for a total of 12 credits. This class counts as a HASS S.

You can find more information on MIT OpenCourseWare at the Economic Applications of Game Theory site or on the 14.12 Stellar site.

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Economic Applications of Game Theory
Tags
economics multiperson decision theory payoff

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