第32期:Some Basics of Global Game

发布者:朱竹青发布时间:2021-06-17浏览次数:454

题目:Some Basics of Global Game 

主讲人:王博

本科毕业于浙江大学,香港科技大学博士,浙江工商大学国际商学院助理教授。主要研究领域为金融经济学,政治经济学等,在Economics LettersSSCI期刊发表多篇论文。

时间:2021-06-23 14:00-15:30

地点:综合楼741会议室

简介:

 Many economic phenomena can be understood as the outcome of self-fulfilling expectations, higher-order beliefs and information processing in an environment of strategic uncertainty. It is natural to model such scenarios as games in which players interact in coordination and their payoffs depend on own actions, actions of others and economic fundamentals. Two immediate problems arise: 1) One might need to keep track of the infinite hierarchy of higher-order beliefs. This can become intractable. 2) When economic fundamentals are common knowledge, coordination can give rise to multiplicity. Global games offer a tractable and stylized approach: A global game is said to be a game of incomplete information within an strategic environment in which players receive private signals on unknown economic fundamentals. We try to explain some basics of global game and explain its application in currency attack .