Popularized by movies such as "A Beautiful Mind", game theory is the mathematical modeling of strategic interaction among rational (and irrational) agents. Over four weeks of lectures, this advanced course considers how to design interactions between agents in order to achieve good social outcomes. Three main topics are covered: social choice theory (i.e., collective decision making and voting systems), mechanism design, and auctions.
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is an American private research university located in Stanford, California on an 8,180-acre (3,310 ha) campus near Palo Alto, California, United States.
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- 3 stars3.13%
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Great course. Very relevant to a lot of problems in business. Content was overtly mathematical. More practical examples cold have been interesting to solve.
I learned strategic thinking and how to make applied that in real world with various Game Theory methods. Thanks
Good intro to some applications of GT, particularly on auctions. A bit drier than part one.
Very interesting! One missing thing: please write explanations for correct/incorrect questions in quizzes. In the basic course, I found them very helpful in understanding why my reasoning was wrong.