Lecture4.pdf - Microeconomics II 2019-20 Lecture 4 Examples of strategic form games Mehdi Chowdhury(Bournemouth University Mehdi Chowdhury Bournemouth

Lecture4.pdf - Microeconomics II 2019-20 Lecture 4 Examples...

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Microeconomics II: 2019-20 Lecture 4: Examples of strategic form games Mehdi Chowdhury Bournemouth University Mehdi Chowdhury ( Bournemouth University Microeconomics II: 2019-20 1 / 11
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Goals Examples of strategic form games Practice solving 2 × 2 games Mehdi Chowdhury ( Bournemouth University Microeconomics II: 2019-20 2 / 11
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A quote by Avinash Dixit It is better to have loved and lost than never to have loved at all. In other words, love is a dominant strategy. Mehdi Chowdhury ( Bournemouth University Microeconomics II: 2019-20 3 / 11
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Environmental Pollution Like the human body, the environment has the ability to heal itself. Relatively low level of pollution automatically gets processed/neutralised. Industrialisation pollutes environment. However environment can not process, if the level of pollution is high. When no other country pursues industrialisation, a country’s best interest is to industrialise hoping the Earth/Environment will automatically manage pollution. However if all the countries simultaneously pursue the policy of industrialisation,a country can not do well by unilaterally not polluting.
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  • Winter '18
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