Ch2 Extensive Form Games, how to draw a game tree given a strategic situation, drawing and understanding information sets, definition of strategy, Normal Form games, how to come up with a normal form game from a strategic situation, changing from extensiv
Prof. John Lightle Email: [email protected]
Bellamy Building 255 Office Hours: W,Th 3:30-5:00
Economics 4400: Games and Decisions Fall 2010 Overview: This course is designed to familiarize the student with the tools, techniques, and concepts of game theory
More practice problems with answers: Normal Form Game:
Find all NE of: A B C X 6,2 4,1 8,8 Y 3,7 9,2 0,7 Z 6,4 2,9 1,1
Answer: (C,X) and (player 1 chooses A with prob 7/10 and B with prob 3/10, player 2 chooses Y with prob 2/5 and Z with prob 3/5) Extensi
More practice problems: Normal Form Game:
Find all NE of: A B C X 6,2 4,1 8,8 Y 3,7 9,2 0,7 Z 6,4 2,9 1,1
Extensive Form Game:
Find all SPNE of:
Repeated game: Find an SPNE of the repeated game where the stage game X X 3,3 Y 8,0 is repeated with probabili
SP10 Midterm 1 Answers: True or False: T F T F F T T F F F Short Answer: 1. NE = profile of strategies such that each players strategy maximizes his or her payoff given the other players strategies. To be assured of a NE we need to assume the players are
Name: _ ECO 4400 Games and Decisions: Midterm 1 You will have 75 minutes to complete this exam. Please allocate your time accordingly and show your work where appropriate. Rational, when used in this exam, means the same as it did when he used it in class
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
F F T F F T F F T F
1. NE allows non-credible threats 2. player 1 stops, people usually continue, the problem is that people dont reason with backward induction for more than two or three steps in the future 1. (p/b/s,r) 2.
Name: _ ECO 4400 Games and Decisions: Midterm 2 You will have 75 minutes to complete this exam. Please allocate your time accordingly and show your work where appropriate. There are 100 points possible. True or False: (3 pts each) 1. True or False: In a s
The final will cover chapters 2,3,4,5,6,7,8,9,11,13. Here is a list of topics from each chapter. The final will focus on material from after the midterm but include material from before. Chapter 2: the properties of Extensive Form Games how to draw a game