Should you sell your house at an auction where the highest bidder gets the house, but only pays the second-highest bid? Should the U.S. government institute a policy of never negotiating with terrorists? The effects of decisions in such situations often depend on how others react to them. This course introduces some basic concepts and insights from the theory of games that can be used to understand any situation in which strategic decisions are made. The course will emphasize applications rather than formal theory. Extensive use is made of in-class experiments, examples, and cases drawn from business, economics, politics, movies, and current events.

Units: 1

Max Enrollment: 21

Crosslisted Courses:

Prerequisites: ECON 101 or ECON 101P. Open to Sophomores, Juniors, and Seniors.

Instructor: Skeath

Distribution Requirements: SBA - Social and Behavioral Analysis

Typical Periods Offered: Spring

Semesters Offered this Academic Year: Fall

Notes: Ann E. Maurer '51 Speaking Intensive Course.