Game Theory II: Advanced Applications
Delve into sophisticated game theory principles and their real-world applications through this comprehensive course.
Course Cost
₹ 2,699
Advanced
Skill Level
15 Hours
Self-paced lessons
Delve into the advanced applications of game theory with this course from Stanford University and The University of British Columbia. Building on foundational game theory concepts, this course focuses on designing interactions between agents to achieve optimal social outcomes. You'll explore three main areas: social choice theory, mechanism design, and auction theory. The curriculum covers collective decision-making processes, voting systems, and key theoretical results like Arrow's Theorem. You'll learn about mechanism design for self-interested agents, including the powerful Vickrey-Clarke-Groves mechanisms. The course concludes with an in-depth look at auction theory, from basic concepts to advanced topics like revenue equivalence and optimal auction design. Through lectures, quizzes, and problem sets, you'll gain a deep understanding of how game theory can be applied to real-world scenarios in economics, politics, and business.
What you'll learn
Understand advanced concepts in social choice theory and voting systems
Analyze the implications of Arrow's Theorem and related impossibility results
Apply mechanism design principles to create effective incentive structures
Explore the Vickrey-Clarke-Groves family of mechanisms and their applications
Compare different auction formats and analyze optimal bidding strategies
Evaluate the revenue equivalence theorem and its implications for auction design
Develop skills in mathematical modeling of strategic interactions
Apply game theory concepts to real-world economic and social scenarios
Skills you'll gain
This course includes:
379 Minutes PreRecorded video
20 assignments
Access on Mobile, Tablet, Desktop
FullTime access
Shareable certificate
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There are 5 modules in this course
This advanced course in game theory focuses on the design of interactions between rational agents to achieve desirable social outcomes. The curriculum is structured around three main topics: social choice theory, mechanism design, and auction theory. In the social choice theory section, students explore collective decision-making processes, voting systems, and key theoretical results such as Arrow's Theorem. The mechanism design portion of the course introduces frameworks for creating systems that incentivize self-interested agents to act in ways that benefit the group, including the powerful family of Vickrey-Clarke-Groves mechanisms. The final section on auction theory covers various auction formats, bidding strategies, and advanced concepts like revenue equivalence and optimal auction design. Throughout the course, students engage with complex theoretical concepts and their practical applications in economics, politics, and business.
Social Choice
Module 1 · 3 Hours to complete
Mechanism Design
Module 2 · 4 Hours to complete
Efficient Mechanisms
Module 3 · 3 Hours to complete
Auctions
Module 4 · 4 Hours to complete
Final Exam
Module 5 · 30 Minutes to complete
Fee Structure
Payment options
Financial Aid
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Faculties
These are the expert instructors who will be teaching you throughout the course. With a wealth of knowledge and real-world experience, they're here to guide, inspire, and support you every step of the way. Get to know the people who will help you reach your learning goals and make the most of your journey.
Frequently asked Questions
Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.







