| Course ID: | ECON 1100. 3 hours. |
| Course Title: | Analysis of Strategic Games |
Course
Description: | The analysis of players' strategies and their outcomes when each player's best strategy depends on the (expected) actions of others. Circumstances leading to both cooperative and noncooperative outcomes are considered, with economic and other applications. |
| Oasis Title: | ANALYSIS OF GAMES |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | Strategically interdependent situations are those in which the results of one
person's actions depend in part on the actions of others. In making decisions,
therefore, a person must think about what others will do; those others will, in turn,
be thinking along the same lines.
This course introduces several basic concepts from "game theory" (a field of study
that has developed over the past 50-plus years) that can be used to analyze strategic
situations, emphasizing their elements of conflict and cooperation. Applications of
game theory are used to understand the behavior of those involved in strategic
situations and to suggest how to make better decisions. |
| Topical Outline: | Classifying Strategic Interactions
Sequential-Move Games
Simultaneous-Move Games
Equilibrium of a Game
Prisoners' Dilemma and Other "Named" Games
Repeated Games
Mixed Strategies
Strategic Moves - Credibility, Committment, Threats, and Promises
Brinkmanship - Leaving Threats to Chance
Evolutionary Games
Collective-Action Games
The Role of Information
Auctions
Voting
Bargaining |