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Lones Smith

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Lones Smith

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Information Economics

These are the slides for my PhD course, formerly known as General Equilibrium.

The course outline is available here.

Mini Course 1: Insights on Monotone Methods in Economics You Must Know

  • Slides
  • Assignment Problems
  • Assignment Solutions

Mini Course 2: Inside Secrets of Information, Learning and Social Learning

Lectures

  • 1. Risky Choice and Blackwell’s Theorem
    Lones’ Note: Blackwell’s Theorem with the Original Wonderful Proof
  • 2. Beyond Blackwell’s Theorem: The Law of Large Demand for Information
  • 3. Introduction to Informational Herding
    Pathological Outcomes of Observational Learning (my original 1990s seminar slides)
    Observational Learning, New Palgrave (2011). (pre-publication PDF here)
  • 4. Constrained Efficient Informational Herding
  • 5. Other Social Learning Insights Slides
  • Assignment Problems
  • Assignment Solutions

Mini Course 3: Exotic and Yet Useful Game Theory Topics

Lectures

  1. Repeated 0-Sum Incomplete Information Games and Bayesian Persuasion as Verified Cheap Talk
  2. Supermodular and Submodular Games Games
  3. Silent Timing Games

Assignment Problems and Solutions:

  1. Bayesian persuasion question & solution combined
  2. A Supermodular Location Game
  3. A Supermodular Location Game – Solved

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