6 To explain the solution of dynami

6 To explain the solution of dynamic games using the backward induction
method.
7 To explain the importance of strategic moves and commitment.
8 To discuss the concept of credibility and the factors which determine it.
9 To examine games with uncertain outcomes and explain different approaches
to their solution.
10 To examine repeated games and how their nature leads to different solutions
from one-shot games.
11 To examine a variety of different applications, in order to relate game
theory concepts to much of the other material in the book.
12 To demonstrate how game theory explains much firm behaviour that
cannot be explained by traditional analysis.
13 To stress that many of the conclusions of game theory are counter-intuitive.
9.1 Introduction