Principles of Game Theroy (E457)
Lecture | Blocked in first two weeks of semester (Mondays, Wednesdays, and Fridays 16:15 – 18:45) |
Credits | 3 ECTS |
Contents
The module introduces and repeats basic concepts in game theory. It will specifically cover the terminology, different forms of representation as well as equilibrium concepts for static and dynamic games of complete and incomplete information. The module builds a bridge between important solution concepts for special games and their applications for the strategic interaction of competing firms. Game theorical concepts prove to be the basic tool for applied microeconomics or Industrial Organization.