Introduction Beginning with this lecture, we focus our attention on dynamic games. The majority of games of economic interest feature some dynamic component, and most often payoff uncertainty as The analysis of extensive games is challenging in several ways. At the most basic level describing the possible sequences of events(choices) which define a particular game form is not problematic per se; yet, different formal definitions have been proposed, each with its Representing the players information as the play unfolds is nontrivial: to some extent

1. Game Theory Multiperson Decision Theory Zero-Sum games Marciano siniscalchi September 16, 1999 administrative stuff Class: Tue-Thu 10: 40-12: 1021, Room 317, Bendheim. OH, by appointment The big picture Most of you will already have used some of the tools of GT in your core courses You will probably be familiar with the

ad Publishing Limited, Abington Hall, Abington Published in North America by CRC Press LLC, 2000 Corporate Blvd, NW Boca Raton fL 33431. US First published 2002, Woodhead Publishing Ltd and CRC Press LLC o The University of Bristol 2002 The authors have asserted their moral rights

Review Overview of fields of robotics Concept of vector Space and linear transformation Ax = b linear system of equation mXn n m Column Space(range ), Null space Properties: A(ax+By)=aAX+ BAy Useful linear Transformation in 3-dimensional space

Thermophysical properties of meat In chilling, freezing, thawing and tempering processes heat has either to be introduced or to be extracted from the meat to change its temperature The rate at which heat can be removed or introduced into the surface of meat is essentially a function of the process being used, for example air blast, plate, immersion, and so on. However, the rate at which heat can flow from within the meat to its surface is a function of the thermophysical prop- erties of the meat. If we continue to

In general, display cabinets have to accommodate three types of meat and meat products: (1)chilled wrapped, (2) chilled unwrapped and (3)frozen wrapped products. The required display life and consequent environmental conditions for wrapped chilled products differ from those for unwrapped products. The desired chilled display life for wrapped meat and meat prod- ucts ranges from a few days to many weeks and is primarily limited by microbiological considerations. Retailers of unwrapped meat and deli

Capital Budgeting: the process of planning for purchases of long-term assets. example Our firm must decide whether to purchase a new plastic molding machine for $127,000 How do we decide? Will the machine be profitable? Will our firm earn a high rate of return on the investment?

Dilemma: Should the firm use retained earnings for: a) financing profitable capital inⅴ estments? b)Paying dividends to stockholders

Innovations in Risk Management Futures contract a contract to buy or sell a stated commodity or financial claim at a specified price at some specified future time

Term loans Characteristics of Term Loans Secured loans 1-to 10-year maturity Repaid in periodic installments