Collective Action and Common Pool Resource Problems - Know what these are; be able to identify each given a word problem; do simple algebra to figure out how to optimize value for a common pool resource. [See 17.4, "Collective Action and Common Pool Resource Problems"]
Prisoners' Dilemma Games: Know what it is; be able to recognize a prisoners' dilemma. Be familiar with nash equilibrium and pareto efficiency. [See 17.2, "The Prisoners' Dilemma Game"]
Coordination and Consistency - How do we get people to coordinate? Why do people coordinate? What are a few reasons that people coordinate on sub-optimal actions? [See 12.5, "Coordination and Consistency"]
Colonel Blotto - what is the relationship between number of troops and optimal number of fronts? Should an army with fewer troops than the opposition increase or decrease number of fronts? Be able to identify word problems that would be a good fit for Colonel Blotto. How many fronts do the revolutionaries need to win? [See 16.4, "Blotto: Troop Advantages"]
Auctions: What are the three types of auctions? What is the optimal way to bet in each of these auctions? Should we bet below, above, or at our true values? [See 18.3, "Auctions"]
Lyapunov Functions - Be able to recognize given a word problem. Will the process reach equilibrium? How long will it take to reach equilibrium? Know about externalities and their implications for Lyapunov processes and equilibrium. [See 11.5, "Lyapunov: Fun and Deep"]
2013-12-21 (60min) Coursera open course: Model Thinking by Scott E. Page Start from 10.07.2013, will end on 12.16.2013 Link: https://class.coursera.org/modelthinking-005/lecture/index;
The topics for the final exam are as follows:
Collective Action and Common Pool Resource Problems - Know what these are; be able to identify each given a word problem; do simple algebra to figure out how to optimize value for a common pool resource. [See 17.4, "Collective Action and Common Pool Resource Problems"]
Prisoners' Dilemma Games: Know what it is; be able to recognize a prisoners' dilemma. Be familiar with nash equilibrium and pareto efficiency. [See 17.2, "The Prisoners' Dilemma Game"]
Coordination and Consistency - How do we get people to coordinate? Why do people coordinate? What are a few reasons that people coordinate on sub-optimal actions? [See 12.5, "Coordination and Consistency"]
Colonel Blotto - what is the relationship between number of troops and optimal number of fronts? Should an army with fewer troops than the opposition increase or decrease number of fronts? Be able to identify word problems that would be a good fit for Colonel Blotto. How many fronts do the revolutionaries need to win? [See 16.4, "Blotto: Troop Advantages"]
Auctions: What are the three types of auctions? What is the optimal way to bet in each of these auctions? Should we bet below, above, or at our true values? [See 18.3, "Auctions"]
Lyapunov Functions - Be able to recognize given a word problem. Will the process reach equilibrium? How long will it take to reach equilibrium? Know about externalities and their implications for Lyapunov processes and equilibrium. [See 11.5, "Lyapunov: Fun and Deep"]