How do individuals and groups make decisions? The core of the course is traditional game theory: the formal study of the choices and outcomes that emerge in multiperson strategic settings. Game theoretic concepts such as Nash equilibrium, rationalizability, backwards induction, sequential equilibrium, and common knowledge are motivated by and critiqued using applications drawn from education policy, macroeconomic policy, business strategy, terrorism risk mitigation, and good old-fashioned parlor games.

Units: 1

Max Enrollment: 20

Prerequisites: ECON 201 and ECON 103. MATH 205 recommended.

Distribution Requirements: SBA - Social and Behavioral Analysis

Typical Periods Offered: Spring

Semesters Offered this Academic Year: Fall; Not Offered; Spring