Title

Game theory: models of human behaviour and social institutions.

Abstract

The talk will provide a short introduction to game theory, with a special focus on models of learning and evolution and their role in motivating the predictive value of equilibrium concepts. Specifically, I aim to cover the following:

• Representing strategic interactions as strategic-form games or extensive-form games.
• Nash equilibrium analysis in strategic-form games and backward induction in extensive-form games.
• Justification of Nash equilibrium via trial-and-error learning.
• Evolutionary game theory with the replicator dynamic.
• Experimental game theory.