In this lecture we will talk about:Cournot’s model of oligopoly,Bertrand’s model of oligopoly,war of attrition, and first and second price sealed bid auctions.
In this lecture we will talk about:Strictly dominated strategiesSymmetric games and Nash equilibriaCharacterising mixed strategy equilibriaHow to compute Nash equilibria
We will talk about Nash Equilibrium:Examples of gamesWhat is a Nash Equilibrium (and in the movie Beautiful Mind)Nash Equilibrium in terms of best response function