040243 VO Decision and Game Theory (MA) (2017W)
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Details
Language: English
Examination dates
- Thursday 01.02.2018 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 13.03.2018 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
- Tuesday 05.06.2018 09:45 - 11:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Lecturers
Classes (iCal) - next class is marked with N
- Thursday 05.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 12.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 19.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 09.11. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 16.11. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 30.11. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 07.12. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 14.12. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 11.01. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 18.01. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 25.01. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Information
Aims, contents and method of the course
This course provides an Introduction to Decision and Game Theory. The language of Instruction is English. Decision Theory provides a formal account of individual choices in environments with Risk and Uncertainty. Therefore, a good understanding of Decision Theory is useful in various areas of Business Administration including (but not limited to) Operations Research, General Management and Finance. Game Theory provides an analysis of individual decision-making in strategic environments (i.e. environments in which the payoffs of different alternatives depend on the choices of others). A paramount example of such situation is the market in which a firm operates. Game Theory is related to various areas like Operations Research, Strategy, Marketing, etc.
Assessment and permitted materials
Students have to register to take part in the Final Exam. There will be 4 distinct dates during the calendar year (January, March, June, September).
Passing grade is 50%.
Passing grade is 50%.
Minimum requirements and assessment criteria
Examination topics
I. Decision Theory
1. Introduction to Decision Theory and Rationality.
2. Expected Utility and its Paradoxes.
3. Risk
4. Uncertainty.II Game Theory
1. Introduction and Basic Concepts.
2. Dominant Strategies.
3. Beliefs about others' play. Alternative Models
3. Nash Equilibrium.
4. Non Credible Threats and Backwards Induction
1. Introduction to Decision Theory and Rationality.
2. Expected Utility and its Paradoxes.
3. Risk
4. Uncertainty.II Game Theory
1. Introduction and Basic Concepts.
2. Dominant Strategies.
3. Beliefs about others' play. Alternative Models
3. Nash Equilibrium.
4. Non Credible Threats and Backwards Induction
Reading list
For Decision Theory we shall use Peterson (An Introduction to Decision Theory, Chapters 1-5, 10), which provides a good starting point and we shall also use Binmore's Rational Decisions and Gilboa's Rational Choice.
Tadelis' Game Theory also includes a brief recap of Decision Theory.
For the Game Theory part The main reference is Tadelis' Game Theory book. In addition, Osborne's Game Theory is also useful. More advanced readings are Osborne-Rubinstein (A Course in Game Theory) and Myerson's Game Theory books.
Tadelis' Game Theory also includes a brief recap of Decision Theory.
For the Game Theory part The main reference is Tadelis' Game Theory book. In addition, Osborne's Game Theory is also useful. More advanced readings are Osborne-Rubinstein (A Course in Game Theory) and Myerson's Game Theory books.
Association in the course directory
Last modified: Mo 07.09.2020 15:29