Week # 6-7: Uncertainty and information, Strategy and Game Theory, Production and Supply

Mathematical Statistics, Fair Games and the Expected Utility Hypothesis, The von Neumann–Morgenstern Theorem, Risk Aversion, Measuring Risk Aversion, The Portfolio Problem, The State-Preference Approach to Choice under Uncertainty, The Economics of Information, Properties of Information, The Value of Information, Flexibility and Option Value, Asymmetry of Information, Mixed Strategies, Existence, Continuum of Actions,
Sequential Games, Repeated Games, Incomplete Information, Simultaneous Bayesian Games, Signaling Games, Experimental Games, Evolutionary Games and Learning