Microeconomic Theory III
As taught in: Spring 2009

An example of a Cournot duopoly. After several rounds of elimination, the rationalizable outcome is approximated. (Image by Prof. Peter Eso.)
Instructors:
Prof. Peter Eso
MIT Course Number:
14.123
Level:
Course Features
Course Description
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games, repeated games, and correlation.