In this lecture we will talk about: Cournot’s model of oligopoly, Bertrand’s model of oligopoly, war of attrition, and first and second price sealed bid auctions.
In this lecture we will talk about: Strictly dominated strategies Symmetric games and Nash equilibria Characterising mixed strategy equilibria How to compute Nash equilibria
We will talk about Nash Equilibrium: Examples of games What is a Nash Equilibrium (and in the movie Beautiful Mind) Nash Equilibrium in terms of best response function