Course Summary
This course provides an introduction to game theory and its applications in various fields, including economics, political science, and biology. Through lectures and interactive exercises, students will learn about the principles and strategies of game theory and how to apply them to real-world situations.Key Learning Points
- Understand the basic principles of game theory
- Learn how to analyze and solve games using different methods
- Apply game theory to real-world situations
Job Positions & Salaries of people who have taken this course might have
- USA: $96,710
- India: ₹1,325,000
- Spain: €30,000
- USA: $96,710
- India: ₹1,325,000
- Spain: €30,000
- USA: $117,570
- India: ₹1,000,000
- Spain: €36,000
- USA: $96,710
- India: ₹1,325,000
- Spain: €30,000
- USA: $117,570
- India: ₹1,000,000
- Spain: €36,000
- USA: $63,790
- India: ₹420,000
- Spain: €21,000
Related Topics for further study
Learning Outcomes
- Understand the fundamental concepts and strategies of game theory
- Be able to apply game theory to real-world situations
- Develop critical thinking and analytical skills
Prerequisites or good to have knowledge before taking this course
- Basic knowledge of algebra and probability theory
- Familiarity with mathematical notation
Course Difficulty Level
IntermediateCourse Format
- Online
- Self-paced
- Video Lectures
- Interactive Exercises
Similar Courses
- Microeconomics Principles
- Financial Markets
Related Education Paths
Related Books
Description
This course provides a brief introduction to game theory. Our main goal is to understand the basic ideas behind the key concepts in game theory, such as equilibrium, rationality, and cooperation. The course uses very little mathematics, and it is ideal for those who are looking for a conceptual introduction to game theory.
Outline
- Why Do We Need Game Theory, and What Does it Tell Us?
- Course Preview
- 1-1 What is Game Theory?
- 1-2 Modelling Social Problems as a "Game"
- 1-3 In Search for the Governing Principle
- 1-4 Concerns About a Mathematical Theory of Human Behavior
- 1-5 Let's Play a Game
- Card Game Tutorial (No Audio)
- 1-6 John Nash Discovered the Governing Principle
- 1-7 Nash Equilibrium
- 1-8 Traffic Game in Reality
- 1-9 Location Game
- 1-10 Policies of Two Parties
- Course Description
- Syllabus
- Card Game Challenge Instruction
- (Supplementary Reading Material) Convergence to Nash Equilibrium in the Traffic Game
- About Optional Challenge Problems
- Supplemental explanation for Question 1, 2 and 3
- Practice Quiz 1.1
- Practice Quiz 1.2
- Practice Quiz 1.3
- Graded Quiz 1
- Module 1 Optional Challenge Problems
- Understanding Nash equilibrium
- 2-1 Nash Equilibrium and the Prisoner’s Dilemma
- 2-2 Coordination Game and Self-Fulfilling Prophecy
- 2-3 Market Competition
- 2-4 Why Do People Come to Play Nash Equilibrium? Part I
- 2-5 Why Do People Come to Play Nash Equilibrium? Part II
- 2-6 Why Do People Come to Play Nash Equilibrium? Part III
- 2-7 Stylized Facts and Nash Equilibrium
- 2-8 Make Yourself Unpredictable: Mixed Strategy Equilibrium
- 2-9 Sports Games and Game Theory
- 2-10 Nash Equilibrium Exists in All Games
- About Optional Challenge Problems
- Practice Quiz 2.1
- Practice Quiz 2.2
- Practice Quiz 2.3
- Graded Quiz 2
- Module 2 Optional Challenge Problems
- Rationality, Knowledge, and Evolution in Games
- 3-1 Digression: The Card Game Revisited
- 3-2 Digression: How You Played the Card Game and Addressing the Concerns about Game Theory
- 3-3 “Payoffs” in a Game: What Exactly Are Those Numbers?
- 3-4 What Does it Mean That a Player is Rational?
- 3-5 Domination: Strategies That Are “Obviously Good or Bad”
- 3-6 Common Knowledge of Rationality
- 3-7 Low Rationality: What Happens if Players Are Not Very Smart?
- 3-8 Game Theory Under Zero-Intelligence: Biological Evolution
- 3-9 Fig Wasps Play a Nash Equilibrium
- Aggregated Result of the Card Game Challenge
- About Optional Challenge Problems
- Supplemental explanation for Question 2, 3 and 4
- Practice Quiz 3.1
- Practice Quiz 3.2
- Practice Quiz 3.3
- Graded Quiz 3
- Module 3 Optional Challenge Problems
- Sustaining Cooperation
- 4-1 Group Rationality and The Rationality of Individuals
- 4-2 Why is Group Rationality Different From Rationality of Individuals?
- 4-3 Group Rationality vs. Rationality of Individuals in Biological Evolution
- 4-4 Group Rationality vs. Rationality of Individuals in Social Thought
- 4-5 How to Enforce Socially Desirable Outcomes
- 4-6 Cooperation of gas Stations in Long-Term Relationship Part I: Need For Cooperation
- 4-7 Cooperation of Gas Stations in Long-Term Relationship Part II: Mechanism of Cooperation
- 4-8 Reputation and Brand Name
- 4-9 Cooperation in Loosely Knit Organization
- 4-10 Summary of the Course
- Final Message from the Instructor
- (Supplementary Reading Material) Why People Discount Future Payoff ?
- About Optional Challenge Problems
- Practice Quiz 4.1
- Practice Quiz 4.2
- Practice Quiz 4.3
- Graded Quiz 4
- Module 4 Optional Challenge Problems
Summary of User Reviews
The Game Theory Introduction course on Coursera has received positive reviews from many users. The course has been praised for its engaging content and real-world examples. Overall, users have found the course to be informative and valuable for gaining a deeper understanding of game theory principles.Key Aspect Users Liked About This Course
The course has been praised for its engaging content and real-world examples.Pros from User Reviews
- Informative and valuable content
- Engaging and interesting lectures
- Real-world examples make concepts easier to understand
Cons from User Reviews
- Some users found the pace of the course to be too fast
- Occasional technical issues with the platform
- No interaction with the professor or other students
- Limited practical application exercises
Michihiro Kandori
4.7 Raiting
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