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Econ Seminar: Prof. Ehud Kalai (Kellogg School of Management)

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Sabancı University

Faculty of Arts and Social Sciences

Economics Seminar

Large Robust Games

by

Prof. Ehud Kalai

( Kellogg School of Management)

Abstract:

Why markets perform well and why the U.S. does not switch to the metric system of measurements are questions that relate to economic efficiency in opposite directions.  Yet they are both consequences of the same game-theoretic phenomenon: the Nash equilibria of games with many players are structurally robust.

The lecture will elaborate on the notion of structural robustness and its implications, its relationship to rational expectations, overcoming modelling difficulties, and on the type of large games that give rise to structurally-robust equilibria.

 

Monday, 4 June 2007

15:30 - 17:00

FASS 2034