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Game theory and the information economy [ LECGE1333 ]

5.0 crédits ECTS 30.0 h + 10.0 h 2q

Teacher(s)	Dehez Pierre ;
Language	French
Place of the course	Louvain-la-Neuve
Main themes	The first part of the course provides the basis of decision theory and game theory. The second part is devoted to the economy of uncertainty. The third part is devoted to the Information Economy
Aims	This course is designed for students of the orientation of the economy Bac ECGE (BAC3) who want to deepen the analysis of economic problems associated with uncertainty and information based on the tools of decision theory and games. The themes of uncertainty and information are vast. We chose to address the most important during the first ten weeks. We suggest a range of topics of interest for weeks: each year, specific topics will be treated according to the needs and tastes of students attending the course. An initial list of topics of interest is suggested. At the end of the course, students will master the theory of games used in the uncertain economy and information and be able to apply to economic problems in concrete they are relevant as tools for analysis and decision support.
Content	Introduction Part I: Theory of individual decision and risk facing the games incomplete information 1. The theory of expected value of utility 2. Games strategic balance and normal Nash 3. Games strategic semi-normal balance bayesien Part II: Economics of uncertainty and applications 1. Measures of risk and risk aversion 2. Theory of insurance 3. Portfolio Theory Part III: Economics of Information and applications 1. Introduction to the theory of contracts 2. Problems of information theory auctions 3. Problems of information theory of insurance
Other information	Rating: a written examination at the end of the semester Support : According to the chosen themes of the chapters will be borrowed from the following books: BINMORE, K. , Jeux et théorie des jeux , De Boeck Université, 1999 EECKHOUDT, L. et C. GOLLIER, Les risques financiers : évaluation, gestion, partage, Ediscience international, 1992. HENRIET, D. et Jean-Charles ROCHET, Microéconomie de l'assurance , Economica 1991 LAFFONT, J.J., Économie de l'incertain et de l'information, Economica, 1985, 210 p. SALANIE, B. (1994), Théorie des contrats, Economica. 141 p. VARIAN, H.R., Analyse microéconomique, De Boeck Université, 1995.
Cycle et année d'étude	> Bachelor in Information and Communication > Bachelor in Philosophy > Bachelor in Pharmacy > Bachelor in Computer Science > Bachelor in Motor skills : General > Bachelor in Human and Social Sciences > Bachelor in Sociology and Anthropology > Bachelor in Political Sciences: General > Bachelor in Mathematics > Bachelor in Biomedicine > Bachelor in Engineering > Bachelor in Religious Studies > Bachelor in Law > Bachelor in Ancient and Modern Languages and Literatures > Bachelor in Geography : General > Bachelor in Ancient languages and Literatures : Classics > Bachelor in Modern Languages and Literatures: German, Dutch and English > Bachelor in French and Romance Languages and Literatures : General > Bachelor in Chemistry > Bachelor in Modern Languages and Literatures : General > Bachelor in History of Art and Archaeology : General > Bachelor in Ancient Languages and Literatures: Oriental Studies > Bachelor in History > Bachelor in Biology > Preparatory year for Master in Economics: General > Bachelor in Economics and Management > Master [120] in Chemistry and Bio-industries > Master [120] in Environmental Bioengineering > Master [120] in Agricultural Bioengineering > Master [120] in Forests and Natural Areas Engineering
Faculty or entity in charge	> ESPO

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