Search result for How to determine nash equilibrium Online Courses & Certifications
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Welcome to Game Theory
by Michihiro Kandori- 4.7
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Approx. 21 hours to complete
Game theory provides a general framework to describe and analyze how individuals behave in such “strategic” situations. 1-7 Nash Equilibrium (Supplementary Reading Material) Convergence to Nash Equilibrium in the Traffic Game Understanding Nash equilibrium 2-1 Nash Equilibrium and the Prisoner’s Dilemma 2-4 Why Do People Come to Play Nash Equilibrium? 2-5 Why Do People Come to Play Nash Equilibrium?...
Firm Level Economics: Consumer and Producer Behavior
by Larry DeBrock- 4.8
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Approx. 17 hours to complete
All goods and services are subject to scarcity at some level, which requires that society develop some allocation mechanism to determine who gets what. In markets, prices act as rationing devices, encouraging or discouraging production and encouraging or discouraging consumption to find an equilibrium allocation of resources. Movements to New Equilibrium...
Firm Level Economics: Markets and Allocations
by Larry DeBrock- 4.9
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Approx. 18 hours to complete
• Model the impact of external shocks to a particular market structure and demonstrate the new equilibrium price and quantity after the impact of this external shock has played out External Shock and Movement to New Equilibrium The Nash Equilibrium to a Non-Cooperative Game - Part 1 The Nash Equilibrium to a Non-Cooperative Game - Part 2...
Introduction to Economics: Microeconomics
by Joon Koo Lee , Ji-won PARK- 0.0
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7 Weeks
Learn the basics of microeconomics, including supply and demand of commodities and how equilibrium in the market affects price. The derivation of this equilibrium is another main focus of microeconomics. How to analyze the choices of consumers, firms and government How to determine demand and supply of commodities The derivation of equilibrium in the market and its affect on price...
$49
Competitive Strategy
by Tobias Kretschmer- 4.8
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Approx. 19 hours to complete
In this six-module course, you will learn how businesses and organizations behave in situations in which strategic decisions are interdependent, i. Using the basic tools of game theory, we will analyse how businesses choose strategies to attain competitive advantage. Nash Equilibrium How to Use Discussion Forums Get to Know Your Classmates...
Non-Equilibrium Applications of Statistical Thermodynamics
by John W. Daily- 4.4
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Approx. 8 hours to complete
It then introduces the Boltzmann Equation and describes the Chapman-Enskog solution of that equation in order to obtain the transport properties. Here we present the underlying concepts of the subject and explores how spectroscopy can be used to determine thermodynamic and flow properties....
Managerial Economics - Effective Business Decisionmaking
by Robert Lee Reed (MBA)- 4.5
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3.5 hours on-demand video
Learn How Businesses Apply Economic Principles to Formulate Effective Decisions Managerial Economics allows business owners to answer the questions "How much should I produce? Managerial Economics also allows us to determine how our business will be affected by changes in the production of other businesses. Market Equilibrium...
$9.99
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Economics-Demand and Supply Analysis
by Marjan Arbab- 3.9
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40 mins on-demand video
LEARN TO DECIDE- LEARN MICROECONOMICS How are prices determined in a market ? How does producers and consumers interact to determine the price and quantity in a market ? This course of microeconomics provides complete details about the economic system in general and individual economic entities in particular so as to have the ability of better decision making....
$12.99
Microeconomic Principles: Decision-making under Scarcity
by Fernando Leiva Bertran , Cara McDaniel , Jose Mendez- 0.0
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8 Weeks
The cost to convert to credit is $600. This course may satisfy a general education requirement at other institutions; however, it is strongly encouraged that you consult with your institution of choice to determine how these credits will be applied to their degree requirements prior to transferring the credit....
$49
The Power of Microeconomics: Economic Principles in the Real World
by Dr. Peter Navarro- 4.7
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Approx. 15 hours to complete
Perhaps more importantly, you will also learn how to apply these principles to a wide variety of real world situations in both your personal and professional lives. Note that this course is a companion to the Power of Macroeconomics. An Introduction to Microeconomics Supply, Demand and Equilibrium Supply, Demand and Equilibrium Game Theory and the Prisoner’s Dilemma; The Nash Equilibrium...
