14.12 Econ Apps of Game Theory
Fall 2014
Instructor: Muhamet Yildiz
TAs: Anton Tsoy, Hongkai Zhang
Lecture:
TR2.30-4
(E51-395)
Yildiz Office Hour: W 1-2:20
(E18-226)
Midterm 1: October 9; 7:30-9:30
(32-123)
Midterm 2: November 13; 7:30-9:30
(4-231&237)
Information:
Announcements
Some useful study materials
Dear students,Some of you have asked about solution to past finals. We currently have good coverage of final 2011, you can find two separate documents in the past exam section about answers to two final 2011 questions, both are quite difficult and you should understand fully. You can find solution to another final 2011 question in lecture note 15. We have covered all these three questions in detail in the past two recitations, so you should really take a look if you have missed the recitations.
I am going to post a brief solution (clues and final answer) to final 2013 on Monday since I solved it last year as TA.
If you have any questions about any finals, you can send me an email to make an appointment to discuss.
Best,
Hongkai
Announced on 15 December 2014 12:55 a.m. by Hongkai Zhang
last pset in dropbox
The last problem set is graded and you can pick it up from the dropbox. A few common mistakes on the problem set:
1) in problem 2, theta is not known by players, but it is a random variable which is distributed according to some distribution conditional on the signal.
2) you should specify beliefs of the entrant after every quantity that can be chosen in the first round, but not only after monopoly quantities for MC=0 and MC=c.
Sincerely,
TAs.
Announced on 11 December 2014 7:19 p.m. by Anton Tsoy
Comments on the problem set
Just a few comments on the last problem set.
- In problem 2a, make sure you write the equation that determines
the threshold of the strategy. You might not be able to simplify it
much further, so just do the best you can.
- In problem 2b, you can get a really neat answer, but this would require some knowledge of combinatorics. If you don't get it, however, you may leave the expression containing binomial coefficients.
- Problem 3 turned out to be easier than intended. So don't
try to think that you are missing something if you got relatively
simple answer (you still should write it up to get a grade).
Hopefully, this helps.
Sincerely,
Your TAs.
Announced on 04 December 2014 11:16 p.m. by Anton Tsoy
Final project submission
Please upload your final projects to stellar (go to "homework" and choose "final project"). Thanks.
Sincerely,
Your TAs.
Announced on 04 December 2014 7:20 p.m. by Anton Tsoy
No Class next week, recitation today as usual
Dear students,Please be reminded there are no 14.12 lectures in the thanksgiving week. I will give recitations today at usual time and location to cover auction and global game.
Best,
Hongkai
Announced on 21 November 2014 9:56 a.m. by Hongkai Zhang
