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Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere. We will also refer to ideas like probability and expectation. A specialist in microeconomic theory and economic history, he has published in Ben Polak, Professor of Economics and Management This course is an introduction to game theory and strategic thinking. We will use calculus (mostly one variable) in this course.“The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. He earned thirty-eight dollars a month plus allowances.A really good pair of leather boots cost fifty dollars.But the thing was that good boots lasted for years and years.

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Education is not properly an industry, and its proper use is not to serve industries, either by job-training or by industry-subsidized research.It would also require people to invest in the “customer experience,” even with people hey aren’t attracted to or willing to commit to.You surely have days (or at least did when you were single) when you wonder how you will ever find the right life partner. So I’m happy to share four ideas that were so insightful in the world of economics that they won Nobel Prizes – and how you can apply them to find the perfect mate online.But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars.Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.

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