Universität Wien

040827 UK Game Theory and Information Economics (MA) (2015S)

12.00 ECTS (6.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
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

  • Monday 02.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 03.03. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 04.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 09.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 10.03. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 11.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 16.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 17.03. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 18.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 23.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 24.03. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 25.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 13.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 14.04. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Friday 17.04. 11:30 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 20.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 21.04. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 22.04. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 27.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 28.04. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 29.04. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 04.05. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 05.05. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 06.05. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 11.05. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 12.05. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 13.05. 15:00 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 18.05. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 19.05. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 20.05. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 27.05. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 01.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 02.06. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 03.06. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 08.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 09.06. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 10.06. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 15.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 16.06. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 17.06. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 22.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 23.06. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

This course looks at the implications of rational decision making in an interactive context where a few players interact. This is the area of strategic reasoning, which is the domain of game theory. This is an advanced game theory course and students are supposed to be familiar with the basic set-up of decisions under uncertainty and of game theory. In some lectures, the students are brought to the research frontier in applied game theory as some notions will be discussed in the context of a research paper.

Course outline

Week
10 Introduction to game theory
11 Static Games: dominant strategy, dominated strategy, rationalizability, IEDS, application to Cournot oligopoly FT 1.1, 2.1, BJ article
12 Nash equilibrium (pure and mixed strategy), Correlated Equilibrium FT1.2, 1.3, 2.2
13 Extensive Form Games, subgame perfection,
backward induction paradox; Bargaining FT 3.1 – 3.6
16 Forward induction + application to auctions
with aftermarkets; FT 11.3 + J article
17 Multi-Stage Games I: trigger strategies FT 4.1 – 4.4
18 Repeated Games II: Folk Theorems FT 5.1 – 5.4
19 Q&A session; Midterm Exam
20 Bayesian Games FT 6
21 Applications of Bayesian Games: auctions
22 Dynamic Bayesian Games FT 8.1 – 8.3
23 Dynamic Bayesian Games, refinements: Intuitive Criterion, D1 criterion FT 11.2
24 Applications of Dynamic Bayesian Games JR article
25 Adverse selection and Moral Hazard
26 Q&A session; Final Exam

Assessment and permitted materials

The topics of the course will be presented by the lecturer. Students are expected to read the material in advance so that there can be active interaction during the lectures. Students are also expected to do the recommended readings to complement classroom discussion of the topics. There is a separate exercise session where problem sets will be discussed. In game theory it is very important to try to solve the exercises yourself. When problems are discussed, students are therefore expected to have worked on the problem sets in advance.

Grading will be as follows. There will be one midterm exam (on April 28) and one final exam (on 23 June), which account 40% and 50% of the grade. The remaining 10% is obtained by actively participating in tutorials and handing in two homework sets.

Minimum requirements and assessment criteria

Examination topics

Reading list

The recommended readings refer to sections or chapters in the Fudenberg and Tirole book:
Fudenberg, D. and J. Tirole. 1991. Game Theory. MIT Press

Association in the course directory

Last modified: Mo 07.09.2020 15:29