Lecture_4_2011

Lecture_4_2011 - Lecture4:Introductionto GameTheory...

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Lecture 4: Introduction to  Game Theory 21 January 2011
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Details about Game Theory, I Game Theory : a mathematical  presentation of interdependent choice. Invented in the 1920s, continually refined  since. In IR research it is used to model  cooperative and bargaining interactions.
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Details about Game Theory, II Players are assumed to be Rational actors Ordered, complete, and transitive  preferences.  Players maximize according to  their preferences. Strategies Outcomes and payoffs Nash Equilibria solution concepts Normal Form and Extensive Form games
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Coordination Games Left Right Left 1, 1 ** 0, 0 Right 0, 0 1, 1  ** Player 2 Player 1 Library Gym Library 4, 3 ** 2, 2 Gym 1, 1 3, 4 ** Player 2 Player 1 Example : creating international standards of behavior
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The Game of Chicken
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The Game of Chicken Cooperate Defect Cooperate (swerve) 3, 3 2, 4 **
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Lecture_4_2011 - Lecture4:Introductionto GameTheory...

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