MATH-606 Game Theory
Spring for 2016-2017
J K Shaw
Description. An advanced introduction to game theory. Game theory is the study of social conflict and cooperation within a competitive situation. Roughly, game theory is the science of strategy, including optimal decision-making, of independent and competing actors in a strategic setting. The key pioneers of game theory were mathematicians John von Neumann and John Nash, as well as economist Oskar Morgenstern.
The course will cover topics such as dominance, backward induction, Nash equilibrium, asymmetric information, imperfect information, adverse selection, signaling, and repeated games. Topics will be illustrated through games played in class and computer simulations and applied to examples from economics and politics. Some famous and illuminating games to be considered include prisoner’s dilemma, the Monte Hall problem and the Tragedy of the Commons. Prereqs 501, 502.
Text: An Introduction to Game Theory, by Martin J. Osborne, Oxford University Press, 2003, ISBN-10: 0195128958, ISBN-13: 978-0195128956.
On reserve: Game Theory for Applied Economists, by Robert Gibbons, Princeton Univ Press, 1992.
Must be enrolled in one of the following Levels:
MN or MC Graduate
Must be enrolled in one of the following Majors:
Mathematics and Statistics
Prerequisites: Math 501, Math 502