Thursday, April 29, 2010

Monday Game Theory reading

I'll give an introduction to the tools of game theory and applications to environmental problems on Monday. Read pages 127-137 in Gibbons "An introduction to applicable game theory." You might skim the rest of the article if you're interested in the topic but it gets a bit more technical than we'll go in class.

Here's the link to the PSU download if the above doesn't work for you.

We'll go over the important points but try to come away with an understanding of the structure of the analysis (games, players, payoffs, strategies), what is meant by an equilibrium, and how we identify equilibria. Think about opportunities to apply the concepts for environmental problems, and what kinds of challenges likely arise to using these tools and models in the real world.

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