14.123 Microeconomic Theory III, Spring 2009
Microeconomic Theory III
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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.
microeconomics, microeconomic theory, preference, utility representation, expected utility, positive interpretation, normative interpretation, risk, stochastic dominance, insurance, finance, supermodularity, comparative statics, decision theory, game theory, rationalizability, iterated strict dominance, iterated conditional dominance, bargaining, equilibrium, sequential equilibrium, trembling-hand perfection, signaling games, auctions, global games, repeated games, correlation