14.12 Economic Applications of Game Theory
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.
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.
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