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
Chapter 1
Introduction and overview
1.1 Introduction
Economics is observational
Economists have sophisticated models but their ability of content is lagged
Theories traditionally evaluated with sta
5.1 Introduction
Natural to implement other laboratory trading arrangements that
correspond to some of the unique and diverse institutions found in
economics
Most primitive trading institution is bi
The Science of Experimental Economics
Introduction
o Could never be an experimental science but was confined to be purely
observational or theoretical.
o Economics is an experimental science, as well
Chapter 5 bargaining and auctions
5.1 Introduction
Natural to implement other laboratory trading arrangements that
correspond to some of the unique and diverse institutions found in
economics
Most p
WHY AND HOW TO EXPERIMENT: METHODOLOGIES FROM EXPERIMENTAL ECONOMICS
1. Experimental economics- uses human experiments to answer research and policy
questions.
2. It is a capital mistake to theorize b
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
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
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
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. T
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
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
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 possibl
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: th
Fiorella Riccobono
ECO-ARTIST RESEARCH ESSAY
2/06/17
Maya Lin
1. Questions: Can Maya Lin effect change through her artwork? Can art be powerful
enough to educate the beholder of serious environmental