Economic strategic thinking
Game theory, or interactive decision theory, concerns cases when the consequences of one’s actions depend on what other agents do. Examples of such situations are firms that compete on an oligopoly market, political candidates that position themselves before an election, fishermen that harvest the same lake, bidders in an auction and students that try to maintain a clean dormitory kitchen.
Whereas game theory is largely concerned with the normative question about how rational agents ought to behave, experimental economics studies to what extent human beings behave according to the theoretical predictions.
The teaching in this course builds on classroom experiments that will be conducted in class and the discussion that follows these experiments. The focus of the course is on the main game theoretical ideas, not on the underlying mathematical theory.
This is a 7.5 credit course. Course material will be available on the learning platform.
Teaching Format
Instruction is given in the form of lectures. The language of instruction is English.
Assessment
The course is examined on the basis of a written examination.
Examiner
Dixit, A., Skeath, S. och David H. Reiley, Games of Strategy, latest edition.
