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Introduces game theory as used in many different disciplines, with an emphasis on economics. The course will focus on finding Nash equilibrium of non-cooperative games. The reasonableness of various kinds of equilibria will also be discussed, as well as departures from the usual assumptions of rational behavior. Students will describe a situation as a game and solve for its equilibria.
Introduces game theory as used in many different disciplines, with an emphasis on economics. The course will focus on finding Nash equilibrium of non-cooperative games. The reasonableness of various kinds of equilibria will also be discussed, as well as departures from the usual assumptions of rational behavior. Students will describe a situation as a game and solve for its equilibria.
