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1 G601, IO I Eric Rasmusen, 31 August 2006 2– Info This is for one 75 minute session on the chapter. The big idea is bayesian equilibrium.

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Presentation on theme: "1 G601, IO I Eric Rasmusen, 31 August 2006 2– Info This is for one 75 minute session on the chapter. The big idea is bayesian equilibrium."— Presentation transcript:

1 1 G601, IO I Eric Rasmusen, 31 August – Info This is for one 75 minute session on the chapter. The big idea is bayesian equilibrium.

2 2 Readings 31 August, Thursday Information Chapter 2, Games and Information.2, Due 5PM Saturday Sept 2: The HTML project. 5 September, Tuesday. Due: Problem Set 1: 1.1, 1.11, 2.3, 2.5.

3 3 Handouts Cardstock and pen for name plate REMINDERS Pictures today Do PS 1 for Tuesday If you want a problem partner, me. Do HTML page for Saturday 5pm NEW: If you DO have a problem set partner, please and tell me.

4 4 sdfsd sdf

5 5 Definitions

6 6 sdfsd sdf

7 7 What if Jones does not know which of these three games he is playing? --he does have guesses of probabilities subjective probabilities--- of 70%, 10% 20% sdf

8 8 This is the Harsanyi Transformation. A game of incomplete information sdf

9 9 sdfsd sdf

10 10 sdf

11 11 sdfsd sdf That is Bayes Rule. I will derive it on the board.

12 12

13 13 sdfsd sdf From the previous page:

14 14 sdfsd sdf From the previous page:

15 15 sdf Use the three step procedure. 1.Propose an equilibrium. 2.What beliefs are generated? 3. Would anyone deviate?

16 16 sdfsd sdf From the previous page:

17 17 Bayes Rule

18 18 sdfsd sdf (From the previous page)

19 19 Joness Strategy if Smith Chooses Small

20 20 sdf

21 21 Bayes Rule

22 22

23 23 Course Website A link to the course website

24 24 The Battle of the Sexes


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