608.907 (16W) Game Theory

Wintersemester 2016/17

Registration deadline has expired.

First course session
05.10.2016 15:30 - 17:00 B02.2.05 On Campus
... no further dates known

Overview

Lecturer
Course title german Game Theory
Type Seminar (continuous assessment course )
Hours per Week 2.0
ECTS credits 4.0
Registrations 5 (20 max.)
Organisational unit
Language of instruction English
Course begins on 05.10.2016
eLearning Go to Moodle course

Time and place

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Course Information

Teaching methodology including the use of eLearning tools

Lectures, discussion, class work, presentations. Intended learning outcomes: a good understanding of the basic modelling approaches in game theory. 

Course content

1. Static games
(*) Expected utility
(a) Games in strategic form
(b) Iterated deletion of strictly dominated strategies & common knowledge
(c) Nash equilibrium and examples
(d) Mixed strategies
(e) Existence of Nash equilibria
(f) Rationalizability

2. Dynamic games
(a) Describing a game in extensive form
(b) Nash equilibrium, credible strategies and subgame perfection
(c) Imperfect information
(d) Backward induction3. Incomplete information
(a) Static games of incomplete information
(b) Bayesian equilibrium
(c) Harsanyi’s purification theorem
(d) Dynamic games of incomplete information
(e) Perfect Bayesian equilibrium (PBE’qm)

3. Incomplete information
(a) Static games of incomplete information
(b) Bayesian equilibrium
(c) Harsanyi’s purification theorem
(d) Dynamic games of incomplete information
(e) Perfect Bayesian equilibrium (PBE’qm)

4. Auctions
(a) Single-object auctions
(b) Contests
(c) Efficiency vs optimality
(d) Vickrey-Clarke-Groves mechanism

5. Matching
(a) Marriage problem
(b) Roommate problem
(c) Housing problem
(d) Multi-object auctions

Literature

Bolton, P., & Dewatripont, M. (2005). Contract theory. Cambridge, Mass: Massachusetts Institute of Technology Press.

Fudenberg, D., & Tirole, J. (1991). Game theory. Cambridge, Mass: Massachusetts Institute of Technology Press.

Gibbons, R. (1992). A primer in game theory. Hemel Hempstead, Herfordshire: Harvester-Wheatsheaf.

Jehle, G., & Reny, P. (2011). Advanced microeconomic theory (3rd ed.). Harlow, England: Pearson.

Maschler, M., Solan, E., & Zamir, S. (2013). Game theory. Cambridge, Mass: Cambridge University Press.

Mas-Colell, A., Whinston, M., & Green, J. (1995). Microeconomic theory. Oxford, England: Oxford University Press.

Roth, A. E., & Sotomayor, M. A. O. (1990). Two-sided matching: A study in game-theoretic modeling and analysis (Vol. 18). Cambridge, Mass: Cambridge University Press.

Examination information

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Examination methodology

There will be three problem sets. You have to hand in individual, written solutions for each of these problem sets. Your problem set solutions will be graded. Each problem set is worth up to 10% of your final grade.

There will be a two-hour, closed-book final exam, tentatively scheduled for 25-Jan-17. 

PhD students: This final exam is worth 60% of your grade, the problem sets are worth 30%, and your final research report accounts for the final 10%. Hence, to get a good final grade, you need to perform well on both exam and problem sets / report. There will be some choice on the final exam: In total, you’ll have to answer three questions from a choice of four.

Master students: This final exam is worth 70% of your grade, the problem sets are worth 30%. Hence, to get a good final grade, you need to perform well on both exam and problem sets. There will be some choice on the final exam: In total, you’ll have to answer three questions from a choice of four.

Grading scheme

Grade / Grade grading scheme

Position in the curriculum

  • Thematic Doctoral Programme Modeling, Simulation and Optimization in Business and Economics (SKZ: ---, Version: 16W.2)
    • Subject: Modelling, Simulation, Optimization in Business and Economics (Compulsory subject)
      • Modelling, Simulation, Optimization in Business and Economics ( 0.0h XX / 0.0 ECTS)
        • 608.907 Game Theory (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 300, Version: 12W.4)
    • Subject: Studienleistungen gem. § 3 Abs. 2a des Curriculums (Compulsory subject)
      • Studienleistungen gem. § 3 Abs. 2a des Curriculums ( 40.0h XX / 80.0 ECTS)
        • 608.907 Game Theory (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 784, Version: 12W.4)
    • Subject: Studienleistungen gem. § 3 Abs. 2a des Curriculums (Compulsory subject)
      • Studienleistungen gem. § 3 Abs. 2a des Curriculums ( 40.0h XX / 80.0 ECTS)
        • 608.907 Game Theory (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 784, Version: 09W.2)
    • Subject: Lehrveranstaltungen auf postgradualem Niveau (Compulsory subject)
      • Lehrveranstaltungen auf postgradualem Niveau ( 6.0h SE / 0.0 ECTS)
        • 608.907 Game Theory (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 784, Version: 09W.2)
    • Subject: Spezielle Lehrveranstaltungen (Compulsory subject)
      • Spezielle Lehrveranstaltungen ( 6.0h LV / 0.0 ECTS)
        • 608.907 Game Theory (2.0h SE / 4.0 ECTS)
  • Doctoral programme Doctoral programme in Social and Economic Sciences (SKZ: 084, Version: 05W.1)
    • Subject: Wahlfächer (Compulsory elective)
      • Seminar aus Volkswirtschaftstheorie und -politik für Diplomand/inn/en, Dissertant/inn/en und fortgeschrittene Studierende (Praxissemesteraufbereitung) ( 2.0h SE / 4.0 ECTS)
        • 608.907 Game Theory (2.0h SE / 4.0 ECTS)

Equivalent courses for counting the examination attempts

This course is not assigned to a sequence of equivalent courses