Are you fascinated by the strategic decisions made by players in games? Do you want to understand how these decisions are made and how they impact the outcome of the game? If yes, then Game Theory is the perfect course for you!
What is Game Theory?
Game Theory is a branch of mathematics that deals with the study of decision-making in situations where two or more individuals have conflicting interests. It is an interdisciplinary field that draws its concepts from economics, psychology, sociology, and computer science.
This course explores various concepts such as Nash Equilibrium, Prisoner’s Dilemma, and Pareto Efficiency. These concepts help us understand how individuals make decisions and how their decisions impact other players in a game.
Why Should You Take This Course?
Game Theory has a wide range of applications in various fields such as economics, political science, psychology, and biology. By taking this course, you will develop analytical skills that will help you analyze situations where strategic decisions need to be made.
Moreover, this course will also help you understand human behavior better. You will learn about various biases and fallacies that affect decision-making and how to overcome them.
What Will You Learn?
In this course, you will learn about various game models such as Cooperative Games and Non-Cooperative Games. You will also learn about different types of games such as Zero-Sum Games and Non-Zero-Sum Games.
You will be introduced to Nash Equilibrium which is a fundamental concept in Game Theory. It helps us understand how players make optimal decisions given their knowledge of other player’s actions.
Additionally, you will learn about Pareto Efficiency which is a state where no player can improve their outcome without making another player worse off. This concept helps us understand when outcomes are efficient from a societal perspective.
In conclusion, Game Theory is an exciting field that has numerous applications in various fields. By taking this course, you will develop analytical skills that will help you analyze strategic decisions in different contexts. Furthermore, you will also learn about human behavior and how biases and fallacies affect decision-making.
So, if you are looking to enhance your analytical skills and understand human behavior better, then Game Theory is the perfect course for you!