ECON 327 - Game Theory

Institution:

Bates College

Subject:

Description:

Strategic interaction is a part of everyday life, and so are the situations that can be explained using game theory. Game theory considers decision problems in a competitive environment where conflict, risk, and uncertainty are often involved; it is a powerful tool for understanding individual actions and social institutions in economics, business, and politics. The course focuses on the underlying theory as well as applications to social, economic, and political problems. Topics include Nash equilibrium, subgame perfection, auctions, and incomplete information. In-class games are used to illustrate the concepts. Prior knowledge and understanding of basic calculus and probability theory are essential to success. Prerequisite(s): Economics 250, 255, and 260. Enrollment limited to 25. Staff.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.bates.edu/

Phone Number:

(207) 786-6000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Four-one-four plan

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