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040827 UK Game Theory and Information Economics (MA) (2019S)

12.00 ECTS (6.00 SWS), SPL 4 - Wirtschaftswissenschaften

Prüfungsimmanente Lehrveranstaltung

There is a lecture held by me and a tutorial held by Philipp Peitler (email: philipp.peitler@univie.ac.at). The tutorials are practice sessions relating the material of my lecture. Practice sessions are held on Mondays, the lectures are on Tuesdays and Wednesdays.

Since we will discuss advanced topics, it is expected that you have taken an undergraduate game theory course. If this is not the case, we strongly advise you to take the bachelor's course first (040106 UK Entscheidungs- und Spieltheorie (BA) with Maarten Janssen).
Alternatively, you can prepare by studying chapters 2, 3, 5 and 7 from the book 'An Introduction to Game Theory' by Kokesen & Ok (2007).

In any case, try to solve the following problem set as a self assessment to see whether you are fit for this course.
https://www.dropbox.com/s/85j6nfgfey9zts1/game_theory_PS0_2019.pdf?dl=0

Details

max. 50 Teilnehmer*innen

Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

    
    Montag
    04.03.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    05.03.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    06.03.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    11.03.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    13.03.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    18.03.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    19.03.
    18:30 - 20:00
    Hörsaal 8  Oskar-Morgenstern-Platz 1  1.Stock
    
    Mittwoch
    20.03.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    25.03.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    26.03.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    27.03.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    01.04.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    02.04.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    03.04.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    08.04.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    09.04.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    10.04.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    29.04.
    11:30 - 14:45
    Hörsaal 16  Oskar-Morgenstern-Platz 1  2.Stock
Hörsaal 17  Oskar-Morgenstern-Platz 1  2.Stock
    
    Dienstag
    30.04.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Montag
    06.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    07.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    08.05.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    13.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    14.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    15.05.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    20.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    21.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    22.05.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    27.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    28.05.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    29.05.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    03.06.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    04.06.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    05.06.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Mittwoch
    12.06.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    17.06.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    18.06.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    19.06.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Montag
    24.06.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Dienstag
    25.06.
    13:15 - 14:45
    Hörsaal 5  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Mittwoch
    26.06.
    11:30 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
Hörsaal 16  Oskar-Morgenstern-Platz 1  2.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The objective of this course is to learn how to master game theory and how to apply it to modelling information. Game theory is the theory of making decisions when outcomes are influenced by others making decisions. Games will be played in class to help gain intuition. There will be real life examples (such as auctions, market entry, public good provision) but the main emphasis is on the methodology, the mathematics of strategic decision making. Information Economics brings in the aspects of how to make strategic choices when there is uncertainty.
Game theory topics we will be covering include
1. Utility, uncertainty, risk, decision making and rationality
2. Games, strategies and timing
3. Dominance, iterated dominance, rationalizability
4. Extensive form games with perfect information, backwards induction
5. Nash equilibrium
6. Subgame perfection, forward induction
7. Repeated games, folk theorem
8. Bayesian games
Information Economics topics we will be covering include
1. Moral hazard
2. Adverse selection

Art der Leistungskontrolle und erlaubte Hilfsmittel

There will be a midterm and a final exam. Each will count 35% of the grade, the remaining 30% will be the homeworks. There may also be a short written assignment over the easter break that counts as part of the homeworks. Some homeworks may be submitted in groups of two, other homeworks have to be worked on alone. The specific rules are described on each homework assignment sheet. No copying homeworks of others. If you only want a separate grade for the exercises, you need special permission from the vice dean of studies Robert Kunst. These students may not submit the homeworks in groups, will be given a shorter midterm and final exam. Their homeworks count 2/3 of the grade, the midterm and final only 1/3.

Mindestanforderungen und Beurteilungsmaßstab

In both exams you may use your hand written course notes. The course is passed if sufficiently many points are gathered that identify that the participant has attained a minimal understanding of the material.

Prüfungsstoff

The topics are listed in the paragraph on aims, contents and methods of the course.

Literatur

Kokesen, L. and E. Ok. 2007. An Introduction to Game Theory. Online lecture notes http://home.ku.edu.tr/~lkockesen/teaching/econ333/lectnotes/uggame.pdf
Fudenberg, D. and J. Tirole. 1991. Game Theory. MIT Press
Mas-Colell, A., M.D. Whinston and J.R. Green. 1995. Microeconomic Theory. Oxford University Press (only selected chapters)
Osborne Rubinstein book:
http://ebour.com.ar/pdfs/A%20Course%20in%20Game%20Theory.pdf

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 06.09.2019 09:47