Game Theory (static)

Game Theory (static) - GameTheory(static E.g oligopoly...

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  Static Games and Applications 1 Game Theory (static) Multi-Person Decision Problems  Strategic Interdependence  E.g. oligopoly Ebay bidding rock-paper-scissors Payoff, Optimal Behavior: depends on  opponents' behavior
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  Static Games and Applications 2 Four Elements of a Game Players Rules: order of movements, possible actions/ strategies, information available (focus on  complete  information) Outcomes Payoffs
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  Static Games and Applications 3 Static v.s. Dynamic and Repeated Static Games: simultaneous movement E.g. rock-paper-scissors Dynamic Games: players take turns to move E.g. an English auction (open ascending) Repeated Games: a static game played  multiple (possibly infinitely many) times E.g. multi-period oligopoly pricing  
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  Static Games and Applications 4 Representation of a Game (static) Matrix Representation (players, actions,  outcomes, payoffs) E.g. Matching Pennies  Meeting Places  Boeing-Airbus
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Game Theory (static) - GameTheory(static E.g oligopoly...

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