Universität Wien

040245 UK Incentives and Strategic Behavior (BA) (2023W)

3.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Wednesday 04.10. 11:30 - 13:00 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 11.10. 11:30 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 18.10. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 25.10. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 08.11. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 15.11. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 22.11. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 29.11. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 06.12. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 13.12. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 10.01. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 17.01. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 24.01. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday 31.01. 11:30 - 13:00 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

This course provides an introduction to Strategic Behavior.

An individual takes part in a strategic interaction when their outcome depends not only on their own actions, but also on the actions of others. Examples include international relations, collective decision-making processes (such as voting), litigation, war, environmental negotiations, online auctions, business interactions, biological evolution, sports competitions, etc. The course is structured in two different parts. We shall begin with an introduction to strategic reasoning and equilibrium. We will then move to real-world applications.

Assessment and permitted materials

Grading will be as follows. There will be one written exam (49%). In addition, students should participate actively in the discussions during classes (21%), hand in three problem sets (30%). The final exam will be on January 31st. There will be a retake (sometime in February).
Exams will take place in person (exceptions should be justified).

Minimum requirements and assessment criteria

Grades and Percentage Points:
>85%, 1
75-85, 2
60-75, 3
50-60, 4
less than 50%, 5

Examination topics

Course Outline:
Part I: Methods
1. Introduction
2. Principles of Decision-Making
3. Games and Dominant Strategies
4. Equilibrium and Disequilibrium Concepts
Part II: Applications
5. Coordination: Communication, Uncertainty and Focal Points.
6. Conflict: Mixing, Commitment and the Order-of-Moves.
7. Cooperation: Repeated Games and Altruism.

Reading list

The main texts for the course are A. K. Dixit and B. J. Nalebuff "Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life", 1993, and J. Mc Millan "Games, Strategies, and Managers", New York and Oxford: Oxford University Press, 1992.
For reference you can also use any introductory and other game-theory books, such as R.
Gibbons "A Primer in Game Theory", M. J. Osborne "An Introduction to Game Theory",
R. Myerson "Game Theory: Analysis of Conflict".

Association in the course directory

Last modified: Tu 23.01.2024 08:45