This course provides a brief introduction to game theory, offering a conceptual understanding of key ideas without extensive mathematical requirements. Delve into the application of game theory across various disciplines, including economics, political science, and biology.
Key learnings include the significance of game theory in analyzing social problems, the concept of Nash equilibrium, and the relationship between intellectual capacity and rationality in achieving socially desirable outcomes.
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Welcome to Game Theory, where you'll explore the significance of game theory in analyzing social problems, the concept of Nash equilibrium, and the relationship between intellectual capacity and rationality in achieving socially desirable outcomes.
Module 1 delves into the significance of game theory in analyzing social problems, offering a preview of the course and exploring the concept of Nash equilibrium.
Module 2 focuses on understanding Nash equilibrium, exploring its application in scenarios such as the prisoner's dilemma, market competition, and sports games.
Module 3 discusses rationality, knowledge, and evolution in games, addressing concerns about game theory, payoffs, and the concept of common knowledge of rationality.
Module 4 explores sustaining cooperation, examining group rationality, social thought, mechanisms for cooperation, and the enforcement of socially desirable outcomes.
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