This course is a quantitative introduction to game theory. This means the application of algebra and logic to solving formal models of strategic situations. Topics will include dominance and rationality, pure and mixed strategies, Nash equilibrium, collective action problems, subgame perfect equilibrium, strategic moves, credibility, repeated interactions, asymmetrical information, adverse selection, signaling, and the suitability of equilibrium concepts. Wide applications of game theory in everyday life, economics, politics, international relations, management, sociology, and sports will be discussed in class. |