Yale Open Courses ECON 159: Game Theory

Lecture 8 - Nash Equilibrium: Location, Segregation and Randomization


Listen Later

We first complete our discussion of the candidate-voter model showing, in particular, that, in equilibrium, two candidates cannot be too far apart. Then we play and analyze Schelling’s location game. We discuss how segregation can occur in society even if no one desires it. We also learn that seemingly irrelevant details of a model can matter. We consider randomizations first by a central authority (such as in a bussing policy), and then decentralized randomization by the individuals themselves, “mixed strategies.” Finally, we look at rock, paper, scissors to see an example of a mixed-strategy equilibrium to a game.
...more
View all episodesView all episodes
Download on the App Store

Yale Open Courses ECON 159: Game TheoryBy William Sheppard

  • 4.2
  • 4.2
  • 4.2
  • 4.2
  • 4.2

4.2

18 ratings


More shows like Yale Open Courses ECON 159: Game Theory

View all
This American Life by This American Life

This American Life

90,829 Listeners

Philosophize This! by Stephen West

Philosophize This!

15,237 Listeners

The Past and The Curious: A History Podcast for Kids and Families by Mick Sullivan

The Past and The Curious: A History Podcast for Kids and Families

2,545 Listeners

The Daily by The New York Times

The Daily

113,406 Listeners

Up First from NPR by NPR

Up First from NPR

57,066 Listeners

Conan O’Brien Needs A Friend by Team Coco & Earwolf

Conan O’Brien Needs A Friend

59,638 Listeners

Fly on the Wall with Dana Carvey and David Spade by Audacy

Fly on the Wall with Dana Carvey and David Spade

12,854 Listeners

If Books Could Kill by Michael Hobbes & Peter Shamshiri

If Books Could Kill

9,344 Listeners