Game Theory

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Game Theory Syllabus DU

Unit 1 Normal form games.
The normal form; dominant and dominated strategies; dominance solvability; mixed strategies; Nash equilibrium; symmetric single population games; applications

Unit 2 Extensive form games with perfect information.
The game tree; strategies; subgame perfection; backward induction in finite games; commitment; bargaining; other applications

Unit 3 Simultaneous move games with incomplete information. Strategies; Bayesian Nash equilibrium; applications

Unit 4 Extensive form games with imperfect information.
Strategies; beliefs and sequential equilibrium; applications

Unit 5 Information economics.
Adverse selection; moral hazard; signalling games

Normal form games, extensive form games, complete information, Nash equilibrium, subgame perfect equilibrium, incomplete information, Bayesian Nash equilibrium, sequential equilibrium

Game Proposition is the study of strategic decision timber. It acquires applicability whenever multiple individualities are involved in a decision. Strategic allowing also acquires applicability. Individual opinions can not be made without careful consideration of others ’ conduct. Game proposition offers a frame for assaying similar opinions. The course aims to provide the study the fundamentals of game proposition using exemplifications and illustrations. Game proposition has set up its most wide use in economics. But other disciplines like political wisdom and biology also apply game theoretic thinking. A profound recrimination of game proposition is that despite stylish sweats, a society or a group of people can get trapped in a dangerous outgrowth exemplifications of similar mischievous consequences include environmental pollution, arms race between countries and dangerous price competition between enterprises.