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IKE 508E - Game Theory

Course Objectives

We will introduce ideas such as equilibrium (dominance, backward induction, Nash equilibrium), strategic moves (credibility, threat, and promises), strategic use of information (incentives, signaling, and screening), negotiation & bargaining, and auctions.

Course Description

Game Theory can be defined as the study of mathematical models of conflict and cooperation among intelligent rational decision-makers. Basically, Game Theory introduces some mathematical tools for analyzing situations where two or more individuals make decisions that would influence one another’s welfare. Accordingly, Game Theory offers some insights for scholars in social sciences, as well as practical decision-makers. In this course, we will develop a conceptual framework to understand interactive strategic environments and introduce analytical tools to solve such “games”.

Course Coordinator
Sinan Ertemel
Course Language
English
 
 
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