Game Theory
Ben PolakThis course is an introduction to game theory and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere.
This Yale College course, taught o... more
| Publishes | Daily | Episodes | 24 | Founded | 16 years ago |
|---|---|---|---|---|---|
| Categories | CoursesBusinessEducation | ||||
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Latest Episodes
We first play and then analyze wars of attrition; the games that afflict trench warfare, strikes, and businesses in some competitive settings. We find long and damaging fights can occur in class in these games even when the prizes are small in relati... more
We develop a simple model of bargaining, starting from an ultimatum game (one person makes the other a take it or leave it offer), and building up to alternating offer bargaining (where players can make counter-offers). On the way, we introduce disco... more
We discuss auctions. We first distinguish two extremes: common values and private values. We hold a common value auction in class and discover the winner's curse, the winner tends to overpay. We discuss why this occurs and how to avoid it: you should... more
In business or personal relationships, promises and threats of good and bad behavior tomorrow may provide good incentives for good behavior today, but, to work, these promises and threats must be credible. In particular, they must come from equilibri... more
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Reviews
- So good!!
Love this!! Professor is entertaining but keeps to schedule. Great explanations
Apple Podcasts5likesbeansprouts
Canada5 years ago - Darya
Nice
Apple Podcasts5shabanashahzada
United Kingdom13 years ago - Awesome
Excellent course! Very entertaining and engaging. The only negative is that the audio is quite soft and sometimes hard to hear. Excellent otherwise.
Apple Podcasts5TheDillonB123
United States14 years ago - Głódgood
Good
Apple Podcasts5dr9zombiUnited States14 years ago - A very interesting course led by an entertaining instructor.
I really enjoyed listening to this course. Material was I presented and interesting enough to keep me engaged.
Apple Podcasts5GLoringUnited States15 years ago
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Apple Podcasts | #54 | Canada/Education/Courses |
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Apple Podcasts | #6 |  India/Education/Courses |
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