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 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 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 sdfsd sdf
5 Definitions
6 sdfsd sdf
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 This is the Harsanyi Transformation. A game of incomplete information sdf
9 sdfsd sdf
10 sdf
11 sdfsd sdf That is Bayes Rule. I will derive it on the board.
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13 sdfsd sdf From the previous page:
14 sdfsd sdf From the previous page:
15 sdf Use the three step procedure. 1.Propose an equilibrium. 2.What beliefs are generated? 3. Would anyone deviate?
16 sdfsd sdf From the previous page:
17 Bayes Rule
18 sdfsd sdf (From the previous page)
19 Joness Strategy if Smith Chooses Small
20 sdf
21 Bayes Rule
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23 Course Website A link to the course website
24 The Battle of the Sexes