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7. Nash equilibrium: shopping, standing and voting on a line
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Classroom Contents
Game Theory and Strategic Thinking
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- 1 1. Introduction: five first lessons
- 2 2. Putting yourselves into other people's shoes
- 3 3. Iterative deletion and the median-voter theorem
- 4 4. Best responses in soccer and business partnerships
- 5 5. Nash equilibrium: bad fashion and bank runs
- 6 6. Nash equilibrium: dating and Cournot
- 7 7. Nash equilibrium: shopping, standing and voting on a line
- 8 8. Nash equilibrium: location, segregation and randomization
- 9 9. Mixed strategies in theory and tennis
- 10 10. Mixed strategies in baseball, dating and paying your taxes
- 11 11. Evolutionary stability: cooperation, mutation, and equilibrium
- 12 12. Evolutionary stability: social convention, aggression, and cycles
- 13 13. Sequential games: moral hazard, incentives, and hungry lions
- 14 14. Backward induction: commitment, spies, and first-mover advantages
- 15 15. Backward induction: chess, strategies, and credible threats
- 16 16. Backward induction: reputation and duels
- 17 17. Backward induction: ultimatums and bargaining
- 18 18. Imperfect information: information sets and sub-game perfection
- 19 19. Subgame perfect equilibrium: matchmaking and strategic investments
- 20 20. Subgame perfect equilibrium: wars of attrition
- 21 21. Repeated games: cooperation vs. the end game
- 22 22. Repeated games: cheating, punishment, and outsourcing
- 23 23. Asymmetric information: silence, signaling and suffering education
- 24 24. Asymmetric information: auctions and the winner's curse
