Date: May 25, 2021 (Tuesday)
Time: 12:30 p.m. - 1:30 p.m. HKT (GMT+8)
[Virtual waiting room will start at 12:20 pm]
Please log in the webinar link 10 mins in advance of the session start time to allow some time to solve the technical issues (if any) and the webinar will start promptly at 12:30 pm.
In everyday language, life is often said to be “just like a game”. When a football match ends, it is “game over”. In economics, we have various versions of the “Prisoners’ Dilemma” game. Moreover, the award-winning movie “A Beautiful Mind” depicts the story of John Nash, the first Nobel Laureate who is accredited to spearheading the theory.
Session Two - Competition, Cooperation, and Rational Choice
In this mini series, we will cover:
2.1. A brief introduction of two main classes of games, non-cooperative and cooperative games.
2.2. A market with two players will be used to illustrate non-cooperative games and the concept of Nash equilibrium.
2.3. The Paris Agreement and China's Belt and Road Initiative will be used to illustrate how concepts of cooperative games can be applied in real-life. Shapley value as a solution concept will be introduced.
About the Speaker
Mr. Aloysius Lui
Department of Business Administration
Hong Kong Shue Yan University
Session One & Two - Moderator
Mr. Alvin Ho, CFA
Allivision Partners Ltd
This webinar qualifies for 1 CPT/CE/RBV/CPD hour.
To qualify for CPT/CE hours, participants must attend the full webinar.