YoVDO

Nash Equilibrium - Location, Segregation and Randomization in Game Theory

Offered By: Yale University via YouTube

Tags

Game Theory Courses Behavioral Economics Courses Policy Analysis Courses Social Dynamics Courses Nash Equilibrium Courses Segregation Courses

Course Description

Overview

Explore game theory concepts in this Yale University lecture focusing on Nash equilibrium, location, segregation, and randomization. Begin with a completion of the candidate-voter model, demonstrating how equilibrium prevents candidates from being too far apart ideologically. Analyze Schelling's location game to understand how societal segregation can occur without individual desire for it. Examine the impact of seemingly irrelevant model details and discuss randomization strategies, both centralized and decentralized. Conclude with an analysis of rock-paper-scissors as an example of mixed-strategy equilibrium. Dive into topics such as voter preferences, policy implications of segregation, and the distinction between pure and mixed strategies in game theory.

Syllabus

- Chapter 1. Candidate - Voter Model.
- Chapter 2. Location and Segregation: Why Outcomes Are Not Necessarily Preferences.
- Chapter 3. Location and Segregation: Examples.
- Chapter 4. Location and Segregation: Policy Implications.
- Chapter 5. Location and Segregation: Central vs. Individual Randomization.
- Chapter 6. Pure vs. Mixed Strategies: Rock, Paper, Scissors.


Taught by

YaleCourses

Tags

Related Courses

Principles of Obesity Economics
Johns Hopkins University via Coursera
Science, Technology, and Society in China I: Basic Concepts
The Hong Kong University of Science and Technology via Coursera
Science, Technology, and Society in China III: The Present & Policy Implications
The Hong Kong University of Science and Technology via Coursera
Understanding 9/11: Why 9/11 Happened & How Terrorism Affects Our World Today
Duke University via Coursera
El Estado del Bienestar
Miríadax