Game Theory (ECON 159)
We apply the notion of Nash Equilibrium, first, to some more coordination games; in particular, the Battle of the Sexes. Then we analyze the classic Cournot model of imperfect competition between firms. We consider the difficulties in colluding in such settings, and we discuss the welfare consequences of the Cournot equilibrium as compared to monopoly and perfect competition.
00:00 - Chapter 1. Coordination Games: Scope for Leadership and Strategic Complements
04:59 - Chapter 2. Coordination Games: The Battle of the Sexes
18:37 - Chapter 3. Cournot Duopoly: Math
53:28 - Chapter 4. Cournot Duopoly: Real World Examples
Complete course materials are available at the Yale Online website: online.yale.edu
This course was recorded in Fall 2007.
Tagged under: Best,response,Coordination,games,Cournot,duopoly,Dominated,strategies,Monopoly,Multiple,Equilibria,Nash,equilibrium,Perfect,competition,Pure
Clip makes it super easy to turn any public video into a formative assessment activity in your classroom.
Add multiple choice quizzes, questions and browse hundreds of approved, video lesson ideas for Clip
Make YouTube one of your teaching aids - Works perfectly with lesson micro-teaching plans
1. Students enter a simple code
2. You play the video
3. The students comment
4. You review and reflect
* Whiteboard required for teacher-paced activities
With four apps, each designed around existing classroom activities, Spiral gives you the power to do formative assessment with anything you teach.
Carry out a quickfire formative assessment to see what the whole class is thinking
Create interactive presentations to spark creativity in class
Student teams can create and share collaborative presentations from linked devices
Turn any public video into a live chat with questions and quizzes