Lecture 3 - Iterative deletion and the median-voter theorem
recorded by: Yale University
published: Nov. 15, 2010, recorded: September 2007, views: 4564
released under terms of: Creative Commons Attribution No Derivatives (CC-BY-ND)
Report a problem or upload filesIf you have found a problem with this lecture or would like to send us extra material, articles, exercises, etc., please use our ticket system to describe your request and upload the data.
Enter your e-mail into the 'Cc' field, and we will keep you updated with your request's status.
We apply the main idea from last time, iterative deletion of dominated strategies, to analyze an election where candidates can choose their policy positions. We then consider how good is this classic model as a description of the real political process, and how we might build on it to improve it. Toward the end of the class, we introduce a new idea to get us beyond iterative deletion. We think about our beliefs about what the other player is going to do, and then ask what is the best strategy for us to choose given those beliefs?
Strategies and Games: Theory And Practice. (Dutta): Chapter 2, Section 3; Chapters 3-4
Strategy: An Introduction to Game Theory. (Watson): Chapters 6-8
Thinking Strategically. (Dixit and Nalebuff): Chapter 3, Sections 1-3
Link this pageWould you like to put a link to this lecture on your homepage?
Go ahead! Copy the HTML snippet !