Definitions ·ld:“derived from living organisms New: \chemistry of carbon compounds\ From inorganic to organic, Wohler, 1828

To determine reaction''s mechanism, look at: Equilibrium constant Free energy change Enthalpy Entropy Bond dissociation energy Kinetics >Activation energy

Eco514 Game Theory Problem Set 4: Due Tuesday, November 9 1. Machines Extend Proposition 151.1 (the Perfect Folk Theorem with discounting) to arbitrary mixtures of payoff profiles of the original game G =(, (A Ui) ) Allow for both rational and real weights on the set of profiles {u(a): a E A}; note that the statement of the result will involve an approximation of the payoff profile

Eco514 Game Theory Problem Set 3: Due Thursday, October 28 1. Asymmetric Auctions Consider an interdependent-values auction with two bidders, each of whom observes an i.i.d uniform signal E [0, 1]. Bidder i's valuation for the object is equal to vi

Eco514 Game Theory The Trembling Hand: Normal-Form Analysis and Extensive-Form Implications Marciano Siniscalchi January 10, 2000 Introduction: Invariance In their seminal contribution, Von Neumann and Morgenstern argue that the normal form of a game contains all \strategically relevant\ information. This view, note well, does not invalidate or trivialize extensive-form analysis; rather, it leads those who embrace it to be suspicious of extensive-form solution concepts which yield different predictions in distinct

Eco514 Game Theory Lecture 8.5: More on Auctions; PS#1 Marciano Siniscalchi October 14, 1999 Introduction These notes essentially tie up a few loose ends in Lecture 8; in particular, I exhibit examples of inefficiencies in first-and second-price auctions I would also like to briefly comment on Questions 1 and 2 in Problem Set 2

Eco514 Game Theory Lecture 7: Interactive Epistemology(2) Marciano Siniscalchi October 7, 1999 Introduction This lecture presents the two main contributions of \interactive epistemology\ to the the- ory of normal-form games: a characterization of Nash equilibrium beliefs, and a full (i.e. behavioral)characterization of rationalizability

Eco514 Game Theory Lecture 4: Games with Payoff Uncertainty(1) Marciano Siniscalchi September 28, 1999 Introduction The vast majority of games of interest in economics, finance, political economy etc. involve some form of payoff uncertainty. A simple but interesting example is provided by auctions: an object is offered for sale, and individuals are required to submit their bids in sealed

Eco514 Game Theory Lecture 16: Applications of Sequential and Perfect Bayesian Equilibrium Marciano Siniscalchi November 16, 1999 Introduction The purpose of this lecture is to help you familiarize with the workings of sequential equi- librium and \sequential equilibrium lite, i.e. perfect Bayesian equilibrium. The main focus is the \reputation\ result of Kreps and Wilson(1982). You should refer

Eco514 Game Theory Lecture 13: Repeated Games(2) Marciano Siniscalchi October 28, 1999 Introduction [Again, by and large, I will follow OR, Chap. 8, so will keep these notes to a minimum.] Review of key definitions