asymmetric information
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This course is an introduction to game theory and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere.
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Professor Diamond continues her discussion of the nervous system with a diagram of a cross section of a developing spinal cord in which she highlights the ependyma, the mantle layer, the neuronal soma, and the marginal layer. She compares the developing cord to an adult cord and discusses the ventricles, the posterior and anterior horn, and the lateral horn in the thoracic cord. After relating these to the sympathetic division of the autom...more
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Early Modern England: Politics, Religion, and Society under the Tudors and Stuarts (HIST 251)Professor Wrightson discusses local particularism and regionalism in early modern England and highlights the importance of local customs and economic patterns. He then focuses on the manner in which these local areas, while enjoying a measure of cultural, institutional, and economic autonomy, were simultaneously integrated into a larger national wh...more
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Review of Compilation Process of a Simple Program Into a .O File, Effect of Commenting Out a C Standard Library .H File on the Resulting Translation Unit, How Gcc Infers a Prototype When None Is Found and the .O File Remains the Same, How the Gcc Linker Is Able to Link Standard Library Files Without a #Include, The (Similar) Result When the .H File with Malloc's Prototype Is Not Included, How Commenting Out Assert.H Creates Different Resul...more
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In this lecture, Professor Diamond wraps up her discussion of the nervous system and moves on to the urinary system, beginning with the kidney. She concludes her discussion of the nervous system by describing the cochlea and diagramming its structure, and she indicates how cilia (hair cells) respond to and transmit information about vibrations in the fluid inside the cochlea. Professor Diamond then diagrams the constituents of the urinar...more
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Banks, which were first created in primitive form by goldsmiths hundreds of years ago, have evolved into central economic institutions that manage the allocation of resources, channel information about productive activities, and offer the public convenient investment vehicles. Although there are several types of banking institutions, including credit unions and Saving and Loan Associations, commercial banks are the largest and most importa...more
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Problems with Ownership of Memory, How Default Implementation of Stackdispose Does Not Free Dynamically Allocated Data, Adding a Free Function to the Stack Implementation, Rewriting Stackdispose to Incorporate It, Writing a Free Function for a Stack of C-Strings, Pitfalls When Writing Such Functions, C Library Functions for Assignment 3 - Memmove (Memcpy That Can Copy Using Two Regions That Overlap), Example of Rotate Function, C Qsort Fun...more
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We first discuss Zermelo's theorem: that games like tic-tac-toe or chess have a solution. That is, either there is a way for player 1 to force a win, or there is a way for player 1 to force a tie, or there is a way for player 2 to force a win. The proof is by induction. Then we formally define and informally discuss both perfect information and strategies in such games. This allows us to find Nash equilibria in sequential games. But we fin...more
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Estrin talks about the personal connectivity cycle. The cycle of connecting people is the notion of people being able to connect to each other and connect to information anywhere. This means true mobility and ubiquitous, high bandwidth connectivity, she says. The enablers of this cycle are economic and behavioral. From an IT demand perspective, she explains, the real win is in the consumer devices and services and not in the IT infrastruct...more
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The exchanges in which stocks and other securities are traded serve an important function in finance. They bring together people interested in buying and selling securities in order to create a universal price. Brokers and dealers are also an important part of the system, their methods and standards are ultimately behind the success of the exchanges. Many information innovations have advanced the functioning of exchanges, going all the way...more
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In this lecture, Professor Kagan addresses what scholars call the Homeric question. He asks: what society do Homer's poems describe? He argues that in view of the long oral transmission of the poems, the poems of Homer probably reflect various ages from the Mycenaean world to the Dark Ages. More importantly, close scrutiny of the poems will yield historical information for the historian. In this way, one is able to reconstruct through the ...more
