ESCP Europe

"Markets, Games, & Strategic Behavior combines a behavioral approach with active classroom learning exercises to stimulate student understanding of economic decisions and interactions in games and markets. Each chapter begins with a lead-off experiment designed to introduce students to economic concepts such as the Winner's Curse, Asset Market Bubbles, Rent Seeking, Signaling, Information Cascades, Fairness, and Reciprocity. Experiments are easy to incorporate into the classroom, and may be run "by hand" with the instructions provided or online with the Veconlab software. from back cover.

PART I. BASIC CONCEPTS: DECISIONS, GAME THEORY, AND MARKET EQUILIBRIUM --- Chapter 1. Introduction --- Chapter 2. A pit market --- Chapter 3. Some simple games: competition, coordination, and guessing --- Chapter 4. Risk and decision making --- Chapter 5. Randomized strategies --- PART II. MARKET EXPERIMENTS --- Chapter 6. Monopoly and Cournot markets --- Chapter 7. Vertical market relationships --- Chapter 8. Market institutions and power --- Chapter 9. Collusion and price competition --- Chapter 10. Market failure due to unraveling: lemons and matching markets --- Chapter 11. Asset markets and price bubbles --- PART III. BARGAINING AND BEHAVIORAL LABOR ECONOMICS --- Chapter 12. Ultimatum bargaining --- Chapter 13. Trust, reciprocity, and principal-agent games --- PART IV. PUBLIC CHOICE --- Chapter 14. Voluntary contributions --- Chapter 15. The volunteer's dilemma --- Chapter 16. Externalities, congestion, and common pool resources --- Chapter 17. Rent seeking --- Chapter 18. Voting and politics experiments --- PART V. AUCTIONS --- Chapter 19. Private value auctions --- Chapter 20. The takeover game --- Chapter 21. Common-value auctions and the winner's curse --- Chapter 22. Multi-unit and combinatorial auctions --- PART VI. BEHAVIORAL GAME THEORY: TREASURES AND INTUITIVE CONTRADICTIONS --- Chapter 23. Multi-stage games --- Chapter 24. Generalized matching pennies --- Chapter 25. The traveler's dilemma --- Chapter 26. Coordination games --- PART VII. INDIVIDUAL DECISION EXPERIMENTS --- Chapter 27. Probability matching --- Chapter 28. Lottery choice anomalies --- Chapter 29. ISO (in search of ...) --- PART VIII. INFORMATION, LEARNING, AND SIGNALING --- Chapter 30. Bayes' rule --- Chapter 31. Information cascades --- Chapter 32. Statistical discrimination --- Chapter 33. Signaling games --- Chapter 34. Prediction markets --- References --- Index --- Class experiments..