3.0

credits

Average Course Rating

Game Theory is the study of multiple person decision problems that are characterized by the social situations in which the well being of a decision maker depends not only on his own actions but also on those of others. Such problems arise frequently in economics, political science, business, military science, history, biology, etc. In this course, I will introduce the basic tools of game theoretic analysis with an emphasis on applications. In particular, you will first learn how to model different social situations as games and related equilibrium concepts. Then, you will see various examples from different fields. And, we will play several games in the class. Game theory has emerged as a branch of mathematical economics and is still quite mathematical. In this course, I will emphasize the conceptual analysis and applications, and keep the level of mathematical technicalities at the minimum. In a nutshell, we will use mostly the verbal and graphical tools.