Introduction to Individual Decision-Making
57:16Representation of Games
1:13:14Dominance
1:16:26Rationalizability
1:21:50Nash Equilibrium
1:19:27Imperfect Competition
1:20:30Zero-Sum Games
1:20:39Backward Induction
1:17:06Negotiation
1:13:34Subgame-Perfect Nash Equilibrium
1:20:41One-Shot Deviation Principle and Bargaining
1:18:29Finitely Repeated Games
1:17:09Infinitely Repeated Games
1:22:18Folk Theorem
1:17:38Implicit Cartels
1:21:18Bayesian Games
1:21:15Bayesian Nash Equilibrium: Applications
1:09:47Auctions
1:19:23Revenue Equivalence
1:20:20Ad Auctions
1:16:04Revenue Equivalence
This lecture presents the concept of revenue equivalence in auction theory, demonstrating that under specific conditions, various auction mechanisms yield the same expected revenue for the seller. It outlines the underlying assumptions and implications.
MIT 14.12 Economic Applications of Game Theory, Fall 2025
Instructor: Ian Ball
View the complete course: https://ocw.mit.edu/courses/14-12-economic-applications-of-game-theory-fall-2025/
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63quuKvMHCt3cmTmt0O2qpv