Lehrstuhl für VWL, insb. Industrieökonomik

Games and Strategies (Strategie und Wettbewerb 1)

Contents & Objectives:

Students which complete this course will be able to

  •  explain different equilibrium concepts (Nash equilibrium, subgame perfect equilibrium, bayesian equilibrium, perfect bayesian equilibrium)
  • explain for which kind of strategic situation each of these equilibrium concepts were developed
  • apply these concepts to simple realistic strategic situations
  • choose the appropriate equilibrium concept which fits best to a given strategic situation

More information in the Syllabus.