Economics and Game Theory

Catalog description

This course covers basic game theory, which is used to formalize and analyze interactive decision making where one party’s outcome depends on not just its own choice, but also another party’s choice. Game theory describes essential aspect of social behavior because game theory is used in economics, business, international relations, political sciences. The course also applies the concepts to real-world setting. The course covers decision theory, strategies, strategic dominance, Nash equilibrium in pure and mixed strategies, strategic form games, extensive form games, Bayesian games, and repeated games.