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The main objective of this course is to introduce some of the game theory’s main topics and analytic tools, with an emphasis on gaining a practical understanding. The course will help students to apply games and strategies to various areas such as law, government, politics, diplomacy, business, management and economic behavior.
Basic Theory: Normal-Form Games and Nash Equilibrium. Advanced Theory: Mixed Strategies and Existence of Equilibrium. Dynamic Games of Complete and Perfect Information. Two-Stage Games of Complete but Imperfect Information. Repeated Games. Dynamic Games of Complete but Imperfect Information. Theory: Static Bayesian Games and Bayesian Nash Equilibrium. Signaling Games.
Upon succesful completion of this course, a student will be able to
1. Describe different types of games and the main concepts of game theory.
2. Solve static and dynamic games and strategies under perfect and imperfect information.
3. Formalize a strategic situation as a well-defined game.
4. Apply games and strategies to different areas such as law, economic behavior, politics and business.
5. Differentiate games with perfect and imperfect information
6. Appraise theoretical predictions obtained from Game Theory analyses against real world conflicts.
7. Identify Nash Equilibria in various everyday settings.