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Yale University

Nash Equilibrium - Bad Fashion and Bank Runs - Game Theory Lecture 5

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This lecture formally defines Nash equilibrium, relates it to dominance, and examines Pareto-efficient equilibria and coordination failures through investment and other games. It also discusses why communication may remedy coordination problems.

Syllabus

- Chapter 1. Nash Equilibrium: Definition.
- Chapter 2. Nash Equilibrium: Examples.
- Chapter 3. Nash Equilibrium: Relation to Dominance.
- Chapter 4. Pareto Efficient Equilibria in Coordination Games: The Investment Game.
- Chapter 5. Pareto Efficient Equilibria in Coordination Games: Other Examples.

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