POLS2125-Design Game Theoretical Model -Economics Assignment Help

Assignment Task

Task

Assessment Task:

For the paper you will design and solve your own game theoretical model. Essentially, the paper is a self-designed assignment with a full write-up accompanying your analysis. Describe some type of collective behaviour that interests you, then create a game that captures that social situation. Note, you are not limited to just political or economic problems, but any basic social interaction is amendable to modelling. An obvious source of inspiration may be topics from other courses or the news. Once you identify a topic, define the actors, possible actions and strategies, outcomes and payoffs, the sequence of moves (if appropriate), and what information is available. You should apply the appropriate equilibrium concept for the game. Solve the game and discuss what insight this solution gives us to the problem at hand. 

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