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Game Theory and Business Strategy Part I

Game Theory and Business Strategy Part I

Game Theory and Business Strategy Part I. ??? ?????. Game Theory and Business Strategy Part I. Lecture 4 Games with Sequential Moves. Experiment 4:Single-Offer Bargaining (The Ultimatum Game).

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806 views • 35 slides
Outline

Outline

Outline. In-Class Experiment on Centipede Game Test of Iterative Dominance Principle I: McKelvey and Palfrey (1992) Test of Iterative Dominance Principle II: Ho, Camerer, and Weigelt (1988). Four-move Centipede Game. Six-move Centipede Game. Variables and Predictions.

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427 views • 27 slides
PLAYING GAMES

PLAYING GAMES

PLAYING GAMES Topic #2 THE SOCIAL COORDINATION GAME You are in a group of six people, each of whom has an initial holding of $50 (just enough to guarantee that no one ends up with a net loss, regardless of the outcome of the game).

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476 views • 16 slides
Game Theory Sequential Games, Subgame perfection, backward induction paradox

Game Theory Sequential Games, Subgame perfection, backward induction paradox

Game Theory Sequential Games, Subgame perfection, backward induction paradox. Univ. Prof.dr. M.C.W. Janssen University of Vienna Winter semester 2011-12 Week 43 (October 24, 25). Three Examples of sequential games. Take-it-or-leave it Centipede game Ultimatum Bargaining Game (UG)

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327 views • 13 slides
Game Theory Applications: Lecture Notes

Game Theory Applications: Lecture Notes

Game Theory Applications: Lecture Notes. Course Website http://www.citi.umich.edu/u/galka/games Galina Albert Schwartz Department of Finance University of Michigan Business School. Summary of Lectures 4 & 5 (the beginning). Sequential & Similtaneous Move Games: Dixit, chapters 3 & 4

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236 views • 9 slides

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