Strategy: An Introduction to Game Theory
Strategy: An Introduction to Game Theory. Instructors: Prof. Aditya K. Jagannatham and Prof. Vimal Kumar, Department of Humanities and Social Sciences, IIT Kanpur. Games or Strategic Interactions can be found in all walks of life. Examples of such scenarios are two firms competing for market share, politicians contesting elections, different bidders participating in an auction for wireless spectrum, coal blocks etc. Game theory provides a convenient framework to model and interpret the behavior of participants in such strategic interactions. Hence it can be applied to solve a wide variety of problems involving diverse areas such as Markets, Auctions, Online Retail, Cold War, Paying Taxes, Bargaining, Elections, Portfolio Management etc. The course covers topics on introduction and example of markets/ politics/ auctions, tragedy of commons and global warming, preferences, rationality and common knowledge, art of war, games with incomplete information, auctions with incomplete information, asymmetric information and repeated games. (from nptel.ac.in)
Lecture 47 - Evolutionary Stable Strategy (ESS) - Beetles World Example and Analysis |
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