Games and Strategies (ECON 201)

2021 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Yusuf Emre Akgündüz emre.akgunduz@sabanciuniv.edu, Ahmet Alkan alkan@sabanciuniv.edu,
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English
Undergraduate
--
Formal lecture,Recitation
Interactive,Learner centered,Communicative
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CONTENT

Examples and formulation of games, solution concepts: games with sequential moves, backward induction, games with simultaneous moves in normal form, Nash equilibrium, mixed strategies, subgame perfect equilibrium; prisoners' dilemma games, games with strategic moves, games with asymmetric games, games with strategic moves, games with asymmetric information, collective-action games, evolutionary games, voting, bargaining, bidding concepts of game theory. Applications to law, government, politics, diplomacy, business, management and economic behaviour. information, collective-action games, evolutionary games, voting, bargaining, bidding.

OBJECTIVE

i) Show a systematic way of analyzing strategic situations in which the well being of individuals depends not only on what they do but also on what other individuals do, ii) Introduce students with the basic concepts and results of noncooperative game theory.

LEARNING OUTCOME

On completion of the module, students should be able to:
i) use game theory concepts correctly,
ii) construct simple models involving strategic interaction,
iii) relate real-life situations to the formal games seen in class,
iv) propose simple modifications in the rules of a game to achieve desirable social outcomes.

RECOMENDED or REQUIRED READINGS

Textbook

Games of Strategy by Dixit and Skeath (second edition)