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Game theory basics
·
Module 9
Bargaining and Negotiation
1
Rubinstein Bargaining Model: Structure and Rules
Describe the structure and rules of the Rubinstein alternating-offers bargaining model.
2
Backward Induction in the Rubinstein Model
Apply backward induction to identify the recursive relationship between offers in the Rubinstein model.
3
Solving for the Rubinstein Equilibrium
Solve the system of equations to find the unique subgame perfect equilibrium of the Rubinstein model.
4
The Power of Patience: Discount Factors in Bargaining
Analyze how patience, modeled by the discount factor, affects bargaining outcomes and power.
5
The Power of Alternatives in Negotiation
Analyze how a player's outside options influence their bargaining power and the final agreement.
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Dynamic Games of Incomplete Information
Next module
Evolutionary Game Theory