Decision making. (Image courtesy of Karen Grant.)
Instructor(s)
Prof. Bengt Holmstrom
MIT Course Number
14.124
As Taught In
Spring 2003
Level
Graduate
Translated Versions
Course Description
Course Description
The topic of the class is information economics. The purpose is to give an introduction to some of the main subjects in this field: risk sharing, moral hazard, adverse selection (signaling, screening), mechanism design, decision making under uncertainty. These subjects (and others) will be treated in more depth in the advanced theory courses on Contract Theory.