Education For All

www.edforall.net

Text size
  • Increase font size
  • Default font size
  • Decrease font size

Lectures (Video)

Course Home

Game Theory - Lecture 8

Get the Flash Player to view video.
Lecture 8 - Nash equilibrium: location, segregation and randomization

We first complete our discussion of the candidate-voter model showing, in particular, that, in equilibrium, two candidates cannot be too far apart. Then we play and analyze Schelling's location game. We discuss how segregation can occur in society even if no one desires it. We also learn that seemingly irrelevant details of a model can matter. We consider randomizations first by a central authority (such as in a bussing policy), and then decentralized randomization by the individuals themselves, "mixed strategies." Finally, we look at rock, paper, scissors to see an example of a mixed-strategy equilibrium to a game.

Prof. Ben Polak
ECON 159 Game Theory, Fall 2007
(Yale University: Open Yale)
http://oyc.yale.edu
Date accessed: 2009-01-15
License: Creative Commons BY-NC-SA

Lecture Material

To view the lecture material accompanying this lecture in a new window, please click the button below. If necessary, use the vertical or horizontal scrollbar in the new window to view more of the material or you can resize the window.

To download the above lecture material use this link. (Right-click and select Save Target As or Save Link As.)



 

Translate

Chinese (Simplified) French German Italian Japanese Korean Portuguese Russian Spanish
More educational resources: