Economic Applications of Game Theory
MIT 14 .12
Subject & Catalog Number
Course Information
Description
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. Strong emphasis on dynamic games, such as repeated games. Introduction to Bayesian games, focusing on Bayesian Nash Equilibrium, Perfect Bayesian Equilibrium, and signaling games. Applications drawn from microeconomics: imperfect competition, implicit cartels, bargaining, and auctions.
Class Notes
See MIT Schedule for times and locations;
Faculty: Ian Ball;
Prereq: 14.01 and (6.041B, 14.04, 14.30, 18.05, or permission of instructor);
Subject Level: Undergraduate
School
Non-Harvard
Units
12
Cross Reg
Available for Harvard Cross Registration
Department
Mass Institute of Technology
Course Component
Regular Course
Subject
MIT Economics
Grading Basis
MIT Optional (LG/AUD)
