Game Theory (ECON 159) We first define formally the new concept from last time: Nash equilibrium. Then we discuss why we might be interested in Nash equilibrium and how we might find Nash equilibrium in various games. As an example, we play a class investment game to illustrate that there can be many equilibria in social settings, and that societies can fail to coordinate at all or may coordinate on a bad equilibrium. We argue that coordination problems are common in the real world. Finally, we discuss why in such coordination problems–unlike in prisoners’ dilemmas–simply communicating may be a remedy. 00:00 – Chapter 1. Nash Equilibrium: Definition 09:31 – Chapter 2. Nash Equilibrium: Examples 23:13 – Chapter 3. Nash Equilibrium: Relation to Dominance 31:53 – Chapter 4. Pareto Efficient Equilibria in Coordination Games: The Investment Game 53:11 – Chapter 5. Pareto Efficient Equilibria in Coordination Games: Other Examples Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2007.
THIS IS PART 1 of an 8-PART EPISODE baitandswitchtv.com by Leesa Stanion | Stanion Studios. “What is the Federal Reserve?” Few people can actually answer that question. We interviewed leading economists, authors, Wall Street bankers, politicians (and other entertainers) about one of the most critical controversies (and controversial institutions) of our time The US Federal Reserve. And then, we took a shower. Bait and Switch TV: Investigative Satire [STANION STUDIOS] Presents Part 1 of 8 segments in the controversial saga of the Federal Reserve Banking system. Firmly rooted at the center of the current financial crisis, the Federal Reserve holds the purse strings for the USA monetary system. So it is hardly conspiracy theory to wonder about why this private and mega-powerful “federal” reserve system has been so controversial since its inception, why President Jackson was so opposed to a cartel as our central bank, what are the Fed’s actual factual successes and failures over the last 100 years, and how does currency, and control of that currency, determine the balance of power in a nation, and the world. Bait and Switch TV makes the financial collapse fun, and easy enough for a child to understand. But fun bedtime stories aside, we also propose real, obtainable, non-extreme alternatives to Federal Reserve Banking in this BSTV episode, including an in-depth look at the promising prospects of public, state-owned banks. Public banking can circumvent the federal reserve …
In this second part of DBS’ insights into financial planning, Rick Vargo explains the various types of insurance coverage available in the market. He also shares tips on how to go about getting adequate protection coverage. Visit us at www.dbs.asia For protection options for you and your family, visit http Please read our general disclaimer regarding investment advice: www.dbsvresearch.com
Latest financial market news: • FTSE 100 weaker on late Wall Street drop • Credit agency Standard & Poor ’50% chance of US downgrade’ • European Union bank stress tests results due at 5pm • BHP Billiton acquires $12 billion Petrohawk as Rupert Murdoch urged to step down as chair of BSkyB and Daily Mail & General Trust to launch new Sunday tabloid • Focus shifts to US data this pm: CPI, sentiment and industrial output • Google up $60 post market after strong results The comments in this video do not constitute investment advice and IG Index accepts no responsibility for any use that may be made of them.
Central bank chiefs reach deal on measures for banks
Central bank governors reached agreement Saturday on measures to help reduce the “moral hazard” of major financial institutions, including raising loss absorbency requirements, a statement said.
Inept Obama “Anybody but Warren” Stance Reveals Fundamental Bank v. Middle Class Fault Line
It is obvious that Elizabeth Warren should head the Consumer Financial Protection Bureau. No less than our favorite NC nemesis, the staunch Administration defender Economics of Contempt, has said she is ” tailor made ” for the job. In the face of increasingly vocal bank opposition to the notion of an effective bank watchdog for consumers, she’s done better than anyone anticipated. And despite …
Citizens Bank offering video banking on LI
Two Stop & Shop branches of Citizens Bank on Long Island are participating in a video banking pilot program, the bank announced today. The branches, at the grocery stores in Lake Ronkonkoma and West Hempstead, join 14 others in Illinios, Massachusetts and Philadelphia to participate in the pilot program. The program allows customers dealing with mortgage and [...]
Bank of Scotland fined £3.5 million over complaints handling
Bank of Scotland has been fined £3.5 million for mishandling complaints about investment products and ‘failing to treat vulnerable customers fairly’. The bank is expected to pay out compensation of around £15 million to customers once the Financial Services Authority review is complete.
Bank of Granite, FNB agree to merger
Two struggling N.C. banks have agreed to merge in a transaction that would bring in new management and inject much-needed capital.