Economics 431 Lecture Notes

Lecture 3 (M 1/22)
Dominated Strategies; Iterated Elimination of Dominated Strategies; Dominant Strategy Solutions
Available at Harvill Copy Center
Lecture 4 (W 1/24)
Players' Beliefs about Other Players' Actions; Best Response; Nash Equilibrium
Available at Harvill Copy Center
Lecture 5 (M 1/29)
Auctions: History, Contemporary Auctions, Six Auctions Conducted in Class
Available here
Lecture 6 (W 1/31)
Using Game Theory to Analyze Auctions: The Second-Price Auction
Available here
Lecture 7 (M 2/5)
First-Price Sealed Bid Auctions; Multiple Nash Equilibria
Available here
Lecture 8 (W 2/7)
Using Game Theory to Analyze an Oligopolistic Market: The Cournot Model
Available at Harvill Copy Center
Lecture 9 (M 2/12)
Is Nash Equilibrium a Good Prediction?
Available here
Lecture 10 (W 2/14)
Common Resources
Available here
Lecture 11 (M 2/19)
Dutta's "Commons" Example
Available here
Lecture 12 (W 2/21)
First Midterm Exam
Lecture 13 (M 2/23)
Winner-Take-All Matches in the Lab
Lecture 14 (W 2/28)
First Lecture on Mixed Strategies
Available here
Lecture 15 (M 3/5)
Second Lecture on Mixed Strategies
Available here
Lecture 16 (W 3/7)
Third Lecture on Mixed Strategies
Available here
Lecture 18 (W 3/21)
More on Mixed Strategies
Available at Harvill Copy Center
Lecture 19 (M 3/26)
First Lecture on Decision Theory
Available at Harvill Copy Center
Lecture 20 (W 3/28)
Second Lecture on Decision Theory
Available at Harvill Copy Center
Lecture 21 (M 4/2)
Third Lecture on Decision Theory
Available at Harvill Copy Center
Lecture 23 (M 4/9)
Decision-Making Under Uncertainty: Utility Theory
Available at Harvill Copy Center (Three Items)
Lecture 24 (W 4/11)
Extensive Form Games: An Example (The Game of Nim)
Available at Harvill Copy Center
Lecture 25 (M 4/16)
A Simple Poker Game
Available here
Lecture 26 (W 4/18)
Second Midterm Exam
Lecture 27 (M 4/23)
Games of Perfect Information. The Effect of Commitment.
Available at Harvill Copy Center
Lecture 28 (W 4/25)
Moral Hazard and Principal-and-Agent Situations
Lecture 29 (M 4/30)
Course Evaluations and Interactive Focus Group

Econ 431 Home Page