Catalog 2023-2024

ECO 340 Game Theory

Game theory is the study of behavior in the context of strategic interdependence. It is critical to understanding behavior and outcomes when an individual's welfare depends on both their own choices and the choices of others. This course introduces the core concepts of game theory, including modeling strategic interdependence, dominant, dominated, and rationalizable strategies, best replies, Nash equilibria in pure, continuous and mixed strategies, repeated games, extensive-form games and subgame perfection, imperfect and asymmetric information, auctions, voting, bargaining, mechanism design, and evolutionary game theory. Applications include topics in economics, business, politics, sports, and life.

Baccalaureate Experience

(SS)

Credits

4

Prerequisite

ECO 204, MAT 225 (or equivalent), and QMB 210 (or equivalent).