GAMES AND DECISIONS

Degree course: 
Corso di First cycle degree in ECONOMICS AND MANAGEMENT
Academyc year when starting the degree: 
2015/2016
Year: 
3
Academyc year when helding the course: 
2017/2018
Course type: 
Optional subjects
Credits: 
6
Period: 
First Semester
Standard lectures hours: 
40
Detail of lecture’s hours: 
Lesson (40 hours)
Requirements: 

Mathematics. In particular, derivative rules and single-variable optimization.

Written examination

Assessment: 
Voto Finale

The aim of the course is to provide students with the basic elements of non-cooperative game theory and decision science. In particular, at the end of the course students will know the analytical tools for understanding, modeling and forecasting the strategic behaviors of economic agents.
Students will also know the main economic and financial applications of the theory of games and decisions, such as mechanisms of price formation based on Cournot and Bertrand competition, the management of natural resources, auctions, voting system.

1) Matrix games and games in normal form;
2) Nash equilibrium;
3) Test for the existence of a Nash equilibrium;
4) Mixed strategies;
5) best-reply functions;
6) Nash's theorem;
7) Economic applications: Cournot and Bertrand oligopolies, management of natural resources, auctions, voting system;
8) Decision theory with applications to finance;
9) Extensive form games and backward induction;
10)Evolutionary games and evolutionary stable equilibria.

Lecture notes.

C. D. Aliprantis e S. K. Chakrabarti, Games and Decision Making, Oxford university press, 2010.

Convenzionale

Academic teaching

OFFICE HOURS: Every Monday from 4.00 pm to 5.00 pm.

Professors

RADI DAVIDE