This course provides a brief introduction to game theory. Our main goal is to understand the basic ideas behind the key concepts in game theory, such as equilibrium, rationality, and cooperation. The course uses very little mathematics, and it is ideal for those who are looking for a conceptual introduction to game theory. Business competition, political campaigns, the struggle for existence by animals and plants, and so on, can all be regarded as a kind of 鈥済ame,鈥� in which individuals try to do their best against others. Game theory provides a general framework to describe and analyze how individuals behave in such 鈥渟trategic鈥� situations. This course focuses on the key concepts in game theory, and attempts to outline the informal basic ideas that are often hidden behind mathematical definitions. Game theory has been applied to a number of disciplines, including economics, political science, psychology, sociology, biology, and computer science. Therefore, a warm welcome is extended to audiences from all fields who are interested in what game theory is all about.
2-3 Market Competition
Skills You'll Learn
Economics, Strategic Thinking, Socioeconomics, Social Sciences, Probability, Business Strategy, Strategic Decision-Making, Decision Making, Game Theory, Behavioral Economics, Strategic Planning
Reviews
4.7 (2,000 ratings)
- 5 stars74.85%
- 4 stars20.45%
- 3 stars3.05%
- 2 stars0.85%
- 1 star0.80%
MM
Apr 19, 2020
very good introductory course! for a more theoretical understanding of what game theory is about. some interesting applications were brought up to illustrate the types of games as well.
LL
Jan 20, 2016
This is a very good introduction to game theory having never before studied this subject I have found that the Lectures are easy to understand and flow very well from one to the other.
From the lesson
Understanding Nash equilibrium
The basic solution concept of game theory is Nash equilibrium. In Module 2, we try to understand this central concept through various examples and ask the following crucial question: how do players come to play a Nash equilibrium?
Taught By
Michihiro Kandori
University Professor