06 nash equilibrium dating and cournot mov
Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere........We consider the difficulties in colluding in such settings, and we discuss the welfare consequences of the Cournot equilibrium as compared to monopoly and perfect competition.ECON-159: GAME THEORY Lecture 6 - Nash Equilibrium: Dating and Cournot [September 24, 2007] Chapter 1.Coordination Games: Scope for Leadership and Strategic Complements  Professor Ben Polak: All right, so last time we were talking about The Investor Game and this was a coordination game, and we learned some things.
Then we analyze the classic Cournot model of imperfect competition between firms. The key idea is that players may not be completely certain about other players' payoffs or even their rationality.In the second half of the lecture, we stage a duel, a game of pre-emption.I just want to recall some of the things we learned so I can highlight them a bit.One thing we learned was that communication can help in a coordination game.
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We consider the difficulties in colluding in such settings, and we discuss the welfare consequences of the Cournot equilibrium as compared to monopoly and perfect competition. Coordination Games: Scope for Leadership and Strategic Complements - Chapter 2.