ECON 212: Game Theory (Fall Term, 2017)
ECON 212: Game Theory (Fall Term, 2017)
ECON 212: Game Theory (Fall Term, 2017)
Class MW 10:30-12PM
Problem Sets There will be six problem sets. No late submissions are allowed, but your lowest
problem set score will be dropped when computing your course grade.
Grading There will be two midterms and one final exam. The final exam is worth 35%
of the total grade, each midterm is worth 20%, and each problem set is worth 5%.
Exam Dates Midterms: Oct. 2 and Nov. 1 (in class). The lectures before the midterms (Sept.
27 and Oct. 30) will be reviews. Final Exam (Tentative): Dec. 19, 9-11AM
(Tuesday)
Other There will be no class on Nov. 20 (Monday) so that students who leave early for
Thanksgiving Break do not need to make up any material. Also, notice that Nov.
22 (Wednesday) has a Friday schedule.
Students have two weeks from the day in which examinations are returned to report
errors in grading and/or to request that problems be re-graded. If a student submits
his/her exam for re-grading, then the student’s entire exam will be re-graded (with
no guarantee of a higher total score).
Topics Foundations
Preference, Expected Utility
Representation of a Game
Extensive form, strategies.
• Required reading: Watson, Chapters 1-3
Normal form, beliefs.
• Required reading: Watson, Chapters 3-4
Normal-Form Games
Best Response, Rationalizability
• Required reading: Watson, Chapters 6-8
Nash Equilibrium
• Required reading: Watson, Chapters 9-10
Mixed Strategies, Minimax
• Required reading: Watson, Chapters 11-12
Extensive-Form Games
Extensive-Form, Backwards Induction, Subgame-Perfection
• Required reading: Watson, Chapters 14-15
IO Applications
• Required reading: Watson, Chapters 16-17
Bargaining
• Required reading: Watson, Chapters 18-19
Repeated Games, Applications
• Required reading: Watson, Chapters 22-23
Other Topics
Random Events, Incomplete Information
• Required reading: Watson, Chapter 24
Risk and Contracting
• Required reading: Watson, Chapter 25
Bayesian Equilibrium, Applications
• Required reading: Watson, Chapters 26-27
PBE, Applications
• Required reading: Watson, Chapters 28-29
Common Knowledge, Email Game