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rlecture19 - game theory

rlecture19 - game theory - Topic 8 Introduction to Game...

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Topic 8: Introduction to Game Theory USC Marshall
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Introduction to game theory How do we solve models where what I would like to do depends on what other people will do? We use game theory and the concept of Nash equilibrium – Key building block in modern microeconomics and in the analysis of imperfect competition • Firms choosing prices, output, advertising, i t t l l investment levels,… USC Marshall
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