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62653-01 - Vorlesung: Game Theory 3 KP

Semester Frühjahrsemester 2023
Angebotsmuster Jedes Frühjahrsem.
Dozierende Dragan Ilic (dragan.ilic@unibas.ch, BeurteilerIn)
Inhalt The course will briefly recapitulate the game theory material from the Bachelor introduction course. We will then delve into more complex topics such as incomplete information and dynamics, for example in auctions, in bargaining games, or signaling games. There will be lecture hours and dedicated exercise hours. Problem sets will be available before every lecture hour and will be partly solved together in class.
Block 1: Static Games of Complete Information:
• Introduction, normal form, best response, dominant strategies, iterated elimination, Nash equilibrium
• Mixed strategies
• Proof of existence, multiple equilibria, refinements
Block 2: Dynamic Games of Complete Information:
• Extensive form, backwards induction
• Subgame perfection, repeated games
• Infinitely repeated games, bilateral bargaining
Block 3: Static Games of Incomplete Information:
• Bayesian games, Bayesian Nash Equilibrium
• First-price auction, double auction
Block 4: Dynamic Games of Complete and Incomplete Information:
• Purification of mixed strategies, Perfect Bayesian Equilibrium
• Signaling games
Lernziele As Gibbons (1992, xi) puts it: “Game Theory is the study of multiperson decision problems. Such problems arise frequently in economics. As is widely appreciated, for example, oligopolies present multiperson problems – each firm must consider what the others will do. But many other applications of game theory arise in fields of economics other than industrial organization. At the micro level, models of trading processes (such as bargaining and auction models) involve game theory. At the intermediate level of aggregation, labor and financial economics include game-theoretic models of the behavior of a firm in its input markets (rather than its output market, as in an oligopoly). There are also multiperson problems within a firm: many workers may vie for one promotion; several divisions may compete for the corporation’s investment capital. Finally, at a high level of aggregation, international economics includes models in which countries compete (or collude) in choosing tariffs and other trade policies, and macroeconomics includes models in which monetary authority and wage or price setters interact strategically to determine the effects of monetary policy.”
This course will introduce students to the main concepts and techniques of game-theoretic analysis. At its core lies the understanding of strategic interactions between deciding agents. The students will appreciate how to apply game-theoretic analysis to strategic settings.
Literatur The teaching program follows Robert Gibbon’s book “Game Theory for Applied Economists”, also known as “A Primer in Game Theory,” (Princeton University Press, 1992). Slides for each lecture are uploaded to ADAM in advance.
Bemerkungen This course is on-site and will also be streamed via Zoom. Videos of the streams will be available.

Lastly, if you were ever in a bar and have asked yourself whether you should order beer or milk, this course is for you.

Weblink Weblink to ADAM

 

Teilnahmebedingungen A Bachelor in Business and Economics is recommended.
Anmeldung zur Lehrveranstaltung Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam!
Unterrichtssprache Englisch
Einsatz digitaler Medien kein spezifischer Einsatz

 

Intervall wöchentlich
Datum 22.02.2023 – 19.04.2023
Zeit Mittwoch, 08.30-10.00 Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag, 16.15-18.00 Wirtschaftswissenschaftliche Fakultät, Auditorium
Datum Zeit Raum
Mittwoch 22.02.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag 23.02.2023 16.15-18.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Mittwoch 01.03.2023 08.30-10.00 Uhr Fasnachstferien
Donnerstag 02.03.2023 16.15-18.00 Uhr Fasnachstferien
Mittwoch 08.03.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag 09.03.2023 16.15-18.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Mittwoch 15.03.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag 16.03.2023 16.15-18.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Mittwoch 22.03.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag 23.03.2023 16.15-18.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Mittwoch 29.03.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag 30.03.2023 16.15-18.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Mittwoch 05.04.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag 06.04.2023 16.15-18.00 Uhr Ostern
Mittwoch 12.04.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Donnerstag 13.04.2023 16.15-18.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Mittwoch 19.04.2023 08.30-10.00 Uhr Wirtschaftswissenschaftliche Fakultät, Auditorium
Module Kernmodul: BWL (Masterstudium: Wirtschaftswissenschaften (Studienbeginn vor 01.08.2021))
Modul: Ausgewählte Themen aus Ökonomie und Rechtswissenschaft (Masterstudium: Actuarial Science)
Modul: Business Field: Strategy and Organization (Masterstudium: Business and Technology)
Modul: Core Courses in Business and Economics (Masterstudium: Wirtschaftswissenschaften)
Modul: Methoden der Wirtschaftswissenschaften (Masterstudium: European Global Studies)
Modul: Specific Electives in Business and Economics (Masterstudium: Wirtschaftswissenschaften)
Modul: Specific Electives in International Business, Trade and the Environment (Masterstudium: Wirtschaftswissenschaften)
Modul: Specific Electives in Marketing and Strategic Management (Masterstudium: Wirtschaftswissenschaften)
Leistungsüberprüfung Leistungsnachweis
Hinweise zur Leistungsüberprüfung Written final exam at the end of April / beginning of May.
An-/Abmeldung zur Leistungsüberprüfung An-/Abmelden: Belegen resp. Stornieren der Belegung via MOnA
Wiederholungsprüfung keine Wiederholungsprüfung
Skala 1-6 0,1
Wiederholtes Belegen beliebig wiederholbar
Zuständige Fakultät Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch
Anbietende Organisationseinheit Wirtschaftswissenschaftliche Fakultät / WWZ

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