'Pure strategy equilibrium' presentation slideshows

Finance 30210: Managerial Economics

726 views • 57 slides

QR 38, 3/1/07 and 3/8/07 Mixed strategies Keeping the opponent indifferent Finding a mixed strategy equilibrium Odds rat

QR 38, 3/1/07 and 3/8/07 Mixed strategies Keeping the opponent indifferent Finding a mixed strategy equilibrium Odds ratios Mixing in practice. I. Keeping the opponent indifferent. Some games have no pure-strategy equilibrium. Instead, choices will keep cycling.

622 views • 45 slides

Signaling

506 views • 42 slides

Game Theory studies situations of strategic interaction in which each decision maker's plan of action depends on the pla

Game Theory studies situations of strategic interaction in which each decision maker's plan of action depends on the plans of the other decision makers. Short introduction to game theory. Decision Theory (reminder) (How to make decisions). Decision Theory =

421 views • 28 slides

Part 2-2 Imbedded game

Part 2-2 Imbedded game. prolog. Sometimes , it often seems that people act irrationally in some games they play, but the action is understood as rational when realize that the game is really part of a bigger game.

359 views • 25 slides

The basics of Game Theory

The basics of Game Theory. Understanding strategic behaviour. The basics of Game Theory. As we saw last week, oligopolies are a problem for classical theory The best strategy for a firm depends on what the other firm decides to do

449 views • 24 slides

Competitive Capacity Sets Existence of Equilibria in Electricity Markets

Competitive Capacity Sets Existence of Equilibria in Electricity Markets. A. Downward G. Zakeri A. Philpott. Engineering Science, University of Auckland. 7 September 2007. Motivation. It has been shown that transmission grids can affect the competitiveness of electricity markets.

330 views • 21 slides

Game Theory

Game Theory. Game theory models strategic behavior by agents who understand that their actions affect the actions of other agents. Been used to study Company behavior Military strategies. Bargaining/Negotiations Biology A game consists of players, strategies, and payoffs.

253 views • 14 slides

Game Theory

Game Theory. Game theory models strategic behavior by agents who understand that their actions affect the actions of other agents. Been used to study Company behavior Military strategies. Bargaining/Negotiations Biology A game consists of players, strategies, and payoffs.

141 views • 14 slides