Paan Jindapon-EC660

Game Theory and Economics of Information

 

EC 660 Section 320 Spring 2012

Classroom: Bidgood Hall 219

MW 6:30 – 7:45 p.m.

Office Hours: MTWR 2:30 – 4:00 p.m.

Instructor: Paan Jindapon

Office: Alston Hall 264

Phone: 348-7841

Email: pjindapo@cba.ua.edu

 

Required Textbook

  • Games and Decision Making by Aliprantis and Chakrabarti (2011).
  • Prospect Theory for Risk and Ambiguity by Peter Wakker (2010).


Prerequisite

EC 508 or EC 610

Objectives

This course is about non-cooperative game theory and asymmetric information. My goal is to present the game theory and the economics of information that exist in the literature to graduate students in economics, finance, accounting, management science, and political science so that they can build simple models using games and contracts in their research.

 

Topics

Part 1

  • Strategic games
  • Auctions and trade

Midterm 1: Monday, February 13, 6:30-9:00 p.m.

 

Part 2

  • Sequential games
  • Repeated games

Midterm 2: Wednesday, March 21, 6:30-9:00 p.m.

 

Part 3

  • Expected utility for risk
  • Expected utility for uncertainty
  • Nonexpected utility for risk
  • Nonexpected utility for uncertainty

Final: Wednesday, May 2, 7:00-9:30 p.m.

  

Grading structure

- Two midterm exams at 30% each, 60%

- Final exam 30%

- Term paper 10%

 

Your grade depends on the following scale.

A   [90,100]          B   [80,90)            C   [70,80)            D   [60,70)            F    [0,60)

 

Attendance policy

Attendance is strongly recommended but not required. Students are responsible for all lecture material, including all in class announcements.

 

Make-up policy

Late assignments will never be accepted. There will be no make-up exam. Any conflict with the testing dates should be reported to me immediately.