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Game Theory: A Very Short Introduction
Hild, Matthias Technical Note QA-0675 / Published January 16, 2006 / 15 pages.
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This note introduces some key game-theoretic concepts and techniques, with an emphasis on their underlying motivations. It covers the following topics: -Domination -Iterated elimination of dominated strategies -Nash equilibrium -Randomized Strategies -Bayesian equilibrium -Backward induction and perfect equilibrium -Repeated games with a fixed horizon -Repeated games with an open-ended horizon -Evolutionary equilibrium Taken together, those topics provide a brief overview of the most influential ideas within the discipline. The application of these ideas to strategizing in business contexts is left to in-depth case studies.




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  • Overview

    This note introduces some key game-theoretic concepts and techniques, with an emphasis on their underlying motivations. It covers the following topics: -Domination -Iterated elimination of dominated strategies -Nash equilibrium -Randomized Strategies -Bayesian equilibrium -Backward induction and perfect equilibrium -Repeated games with a fixed horizon -Repeated games with an open-ended horizon -Evolutionary equilibrium Taken together, those topics provide a brief overview of the most influential ideas within the discipline. The application of these ideas to strategizing in business contexts is left to in-depth case studies.

  • Learning Objectives