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ECON 109 - GAME THEORY Spring 2022 Prof. Denis Shishkin UCSan Diego
Welcomel! Logistics: see Canvas Syllabus
What is Game Theory? In neoclassical economics: consumers and firms are price-takers: Everyone makes individual decisions based on some publicly known prices which adjust to bring the economy into "equilibrium". No agent cares about others' decisions directly In contrast, Game Theory studies strategic interactions: situations involving several agents/decision-makers in which actions of each agent affects well-being of others.
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