A Non-Mathematical Introduction to the Theory of Games

Catalog description

An introduction to game theory in non-mathematical and non-technical terms. The seminar includes a hands-on component in that students play well-known games that game theorists have developed, and compare their strategies to the predictions of game theorists. Topics include optimal bidding strategies in auctions, and alternative voting schemes. Topics also include some practical applications of game theoretic models, such as why one should never sell a good used car, and why the popularity of new restaurants can change rapidly. Open to Honors College students only. May not be offered in 2024-2025.