Presentation is loading. Please wait.

Presentation is loading. Please wait.

1 Spieltheorie II SS 2005 Avner Shaked. 2 Game Theory II SS 2005 Avner Shaked.

Similar presentations


Presentation on theme: "1 Spieltheorie II SS 2005 Avner Shaked. 2 Game Theory II SS 2005 Avner Shaked."— Presentation transcript:

1 1 Spieltheorie II SS 2005 Avner Shaked

2 2 Game Theory II SS 2005 Avner Shaked

3 3

4 4 Game Theory II n K. n K. Binmore Fun & Games A Text on Game Theory D.C. Heath & Co., 1992

5 5 n M. n M. Osborne & A. Rubinstein Bargaining and Markets Academic Press, 1990 Game Theory II

6 6 n K. n K. Binmore Fun & Games A Text on Game Theory D.C. Heath & Co., 1992 n M. n M. Osborne & A. Rubinstein Bargaining and Markets Academic Press, 1990 Game Theory II

7 7 A Bargaining Problem S - a feasible set d - a disagreement point Nash Bargaining Theory Nash Verhandlungstheorie John Nash

8 8 Nash Bargaining Theory u2u2 u1u1 S

9 9 u2u2 u1u1 bounded closed S

10 10 Nash Bargaining Theory u2u2 u1u1 A B S

11 11 Nash Bargaining Theory u2u2 u1u1 d S

12 12 Nash Bargaining Theory u2u2 u1u1 d S

13 13 Nash Bargaining Theory d A Nash Bargaining Solution is a function u2u2 u1u1 S

14 14 Nash Bargaining Theory A Nash Bargaining Solution is a function u2u2 u1u1 S d

15 15 Axioms A1-A4 A1 (Pareto) A2 (Symmetry) d S

16 16 Axioms A1-A4 A3 (Invariance to affine transformation) IIA A4 (Independence of Irrelevant Alternatives IIA)

17 17 Axioms A1-A4 IIA A4 (Independence of Irrelevant Alternatives IIA) u2u2 u1u1 d

18 18 Axioms A1-A4 IIA A4 (Independence of Irrelevant Alternatives IIA) Gives f(T,d) a flavour of maximum Pasta Fish Meat IIA is violated when


Download ppt "1 Spieltheorie II SS 2005 Avner Shaked. 2 Game Theory II SS 2005 Avner Shaked."

Similar presentations


Ads by Google