Game Theory and Decision Models

Catalog description

“A Beautiful Mind” is a movie that helped popularize game theory. It is a biographical film about the life of John Nash who is known for his work in game theory. “Game theory is the study of mathematical models of conflict and cooperation between intelligent and rational decision makers.” This course examines game theories and their applications commonly found in economics, business, political science, and law and how to model games to make informed decisions. Topics include dominance solutions, Nash equilibrium, backward induction, subgame perfect equilibrium, repeated games, dynamic games, Bayes-Nash equilibrium, mechanism design, auction theory, and signaling. (Prerequisites: MATH410 and MATH415)