Welcome to Game Theory: Concepts and Applications
Study of strategic choices, Nash equilibrium, prisoner's dilemma, cooperation vs competition, payoff matrices, optimal decisions.
Study of strategic choices, Nash equilibrium, prisoner's dilemma, cooperation vs competition, payoff matrices, optimal decisions.
This course provides a conceptual introduction to game theory, focusing on key ideas like equilibrium, rationality, and cooperation. It uses minimal mathematics to explore how game theory can be applied to analyze social and economic problems. The curriculum covers the basics of strategic decision-making, Nash equilibrium, and the relationship between individual rationality and socially desirable outcomes. Through examples from various fields, students will learn how game theory helps understand competitive and cooperative behaviors in different contexts. The course is designed for beginners from any discipline interested in the principles of strategic interaction.
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What you'll learn
Understand the need for game theory in analyzing social problems
Grasp the concept of Nash equilibrium and its applications
Explore the relationship between player rationality and game outcomes
Analyze how individual rationality affects socially desirable outcomes
Apply game theory concepts to real-world strategic situations
Skills you'll gain
This course includes:
6.6 Hours PreRecorded video
20 quizzes
Access on Mobile, Tablet, Desktop
FullTime access
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There are 4 modules in this course
This course offers a comprehensive introduction to game theory, focusing on its conceptual foundations and practical applications. Structured in four modules, it covers the fundamentals of strategic interaction, Nash equilibrium, rationality in games, and cooperation. The first module introduces the need for game theory in analyzing social problems and presents the concept of Nash equilibrium. The second module delves deeper into understanding Nash equilibrium through various examples. The third module explores the relationship between rationality and Nash equilibrium, considering different levels of player intelligence. The final module examines how game theory insights impact social and natural sciences, particularly in understanding cooperation. Throughout the course, students engage with real-world examples, interactive games, and thought-provoking quizzes to reinforce their understanding of game theory principles.
Why Do We Need Game Theory, and What Does it Tell Us?
Module 1 · 5 Hours to complete
Understanding Nash equilibrium
Module 2 · 4 Hours to complete
Rationality, Knowledge, and Evolution in Games
Module 3 · 5 Hours to complete
Sustaining Cooperation
Module 4 · 5 Hours to complete
Fee Structure
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Instructor
Leader in Game Theory at The University of Tokyo
Michihiro Kandori is a prominent economist known for his significant contributions to game theory. He currently serves as the President of the Game Theory Society. Kandori earned his Ph.D. in Economics from Stanford University and has held academic positions as an Assistant Professor at both the University of Pennsylvania and Princeton University before joining the Faculty of Economics at the University of Tokyo, where he is now a University Professor. He is a Fellow of the Econometric Society, and his influential papers on social norms (1992) and evolutionary game theory (1993) have collectively garnered over 5,000 citations according to Google Scholar. His research continues to explore various aspects of game theory, including repeated games, matching and market design, and behavioral economics.
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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.