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Course Co-ordinated by IIT Kanpur
Coordinators
 
Dr. Vimal Kumar
IIT Kanpur

 

 

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The course covers topics on introduction and example of markets/ politics/ auctions,tragedy of commons and global warming,preferences,rationality and common knowledge,art of war,games with incomplete information, auctions with incomplete information, asymmetric information and repeated games.

Week No.

Topics

1

  • Introduction Examples:Markets/ Politics/ Auctions
  • Prisoners’ Dilemma – Examples- Cooperation in Projects, Cold War
  • Dominant Strategy Equilibrium – Why online sites compete to sell at lower prices
  • Best Response and Nash Equilibrium
  • Stag Hunt – Coordination and Bank Runs
  • Battle of Sexes and Multiple Nash Equilibria

2

  • Tragedy of Commons and Global Warming
  • Market Dynamics – Part – I – Quantity Competition
  • Market Dynamics – Part – II – Price Competition
  • Mixed Strategy Nash Equilibrium
  • Cheating Vs. Paying Taxes, Soccer and Penalty Kicks
  • Portfolio Management and Investment Games

3

  • Preferences,Rationality and common knowledge
  • Resolving  the Prisoners’ Dilemma
  • War of Attrition
  • Auction: Complete Information
  • Sequential Games and Examples
  • Sequential Games: Solution Concepts

4

  • Art of War
  • Start up game
  • Ultimatum game
  • Stackleberg game
  • Voting
  • Braess Paradox

5

  • Games With Incomplete Information
  • Examples: Battle of Sexes
  • Expected Payoffs
  • BNE
  • BNE in Markets
  • More Examples

6

  • Auctions with incomplete information
  • First price Auction and BNE
  • Expected revenue
  • Second price auction
  • Expected revenue equivalence
  • Other auction examples

7

  • Asymmetric information
  • Cheap talk equilibrium
  • Signaling and screening
  • Equilibrium concepts
  • Market for lemons education as signaling device
  • Evolutionary games

8

  • Repeated games
  • The role of reputation
  • Examples
  • Cooperative Games
  • Shapely value
  • Bargaining and negotiation

Familiarity with Fundamentals of Calculus and Probability



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