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Game Theory Part 1

This document outlines the topics that will be covered in a course on game theory, including: (1) introducing fundamental concepts such as players, strategies, payoffs, and equilibrium concepts; (2) exploring strategic decision-making and rational behavior; (3) examining different types of games and models; (4) applications of game theory in economics, social sciences, biology, and other fields; (5) computational methods for analyzing complex games; and (6) experimental approaches in game theory.

Uploaded by

Kyle Vin Bagundang
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© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
41 views

Game Theory Part 1

This document outlines the topics that will be covered in a course on game theory, including: (1) introducing fundamental concepts such as players, strategies, payoffs, and equilibrium concepts; (2) exploring strategic decision-making and rational behavior; (3) examining different types of games and models; (4) applications of game theory in economics, social sciences, biology, and other fields; (5) computational methods for analyzing complex games; and (6) experimental approaches in game theory.

Uploaded by

Kyle Vin Bagundang
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Introduction to Game Theory: To provide a comprehensive introduction to the fundamental concepts of

game theory, including players, strategies, payoffs, and equilibrium concepts. This includes exploring
different types of games, such as simultaneous games, sequential games, and cooperative games, and
understanding their applications in various fields.

Strategic Decision-Making: To delve into the principles of strategic decision-making within the context of
game theory. This involves understanding how players anticipate and respond to the actions of others,
analyze their options, and make rational decisions to maximize their utility or payoff. We will explore
concepts such as dominant strategies, Nash equilibrium, and rationality assumptions.

Game Types and Models: To examine different types of games and models within game theory, including
but not limited to: zero-sum games, non-zero-sum games, static games, dynamic games, symmetric
games, and asymmetric games. Each type will be analyzed in terms of its unique characteristics,
strategies, and equilibrium concepts.

Applications in Economics: To explore the applications of game theory in economics, particularly in


analyzing strategic interactions among firms, consumers, and regulators. This includes studying topics
such as oligopoly behavior, pricing strategies, bargaining, auctions, and mechanism design, and
understanding how game theory contributes to the understanding of market dynamics and outcomes.

Applications in Social Sciences: To investigate the relevance of game theory in social sciences, including
political science, sociology, and psychology. This involves analyzing strategic interactions among
individuals, groups, and institutions, and understanding phenomena such as cooperation, conflict
resolution, voting behavior, and social norms from a game-theoretic perspective.

Applications in Biology and Evolutionary Dynamics: To explore the applications of game theory in
biology, particularly in evolutionary biology and ecology. This includes studying evolutionary games,
cooperation and competition among species, and understanding how game theory can shed light on
phenomena such as altruism, predator-prey dynamics, and the evolution of social behavior.

Computational Methods and Analysis: To introduce computational methods for analyzing and solving
complex games, including numerical methods, simulation techniques, and algorithmic approaches. This
involves understanding how computational tools can be used to analyze strategic interactions, simulate
game outcomes, and identify equilibrium strategies in large-scale games.

Experimental Game Theory: To discuss experimental methods in game theory, including laboratory
experiments, field experiments, and behavioral studies. This involves understanding how experimental
techniques are used to test theoretical predictions, validate models, and explore human behavior in
strategic settings, and how experimental findings contribute to refining and extending game-theoretic
frameworks.

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