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ECON0027 Weeks 8-9

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In depth notes on ECON0027 Weeks 8-9

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Institution: University College London (UCL)
Study: Unknown
Course: Economics (ECON0027)

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Uploaded on: May 21, 2024
Number of pages: 3
Written in: 2022/2023
Type: Class notes
Professor(s): Nikita roketskiy
Contains: All classes

Subjects

game theory
extensive games
asymmetric information
quiche beer game
seperating equilibria
pooling equilbria
cheap talk game
babbling equilbria

Content preview

Weeks 8 and 9
Extensive games with asymmetric information
Ch 9-10

IEV.IQd 21181 28 0.5d
r o.sn
A EUIQ.nl818
8 0.5 an

P.lastr
1Prlstr
8PrstrongQQ
p.lar.prlstr
tPrlQlweaklPrlwea lIU
B.D O.ut2llm

r u
MPrstrong BB PrBlstripristr

CASES

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PhDid PLIB.Q
M ly check
Consistency
check
Consistency

Mattia.pt
siBeorsotntypessononewinto
prior beliefsposterior

pros
when
Equilibrium

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tocheckconsistency
in 4M05,80.5
D.n
14.2 14.10.0
d
8p M I LetaPoised BPrlsBweak
onaan
Ev
p
Blweak
p0.5
when
Equilibrium Eu.caweakl tst3ctstm ptu.p0.5 Eu Blweak 211a
y IVCBstrong aaaaa
rise im
inconsistent

m IV 444Blstr120 4014 4 za
LetaPrlsebl.ITPresBist 5,4
n

µ Ip tohold
2 forconsistencynever P.lastronglo it
µ sointoset r eached
p la nos
when
Equilibrium

f ClTIP
4tiptop
P I
8m42,842
plzNdunPlaBwhenstrong
3
Eucalweak scis s s Evcalstristscists2s
µ gprisonp.p.is weak Let sPresidl PresBist
O www.oeoansist.sn 111
p ppg s
i me mm
equilibriumwhen pileso.s

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ECON0027 Weeks 8-9

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