Game Theory

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Game theory introduces the students to the field of game theory. Game theory is the mathematical study of problems that involve two or more decision makes, called players, which each have their own individual preferences over the possible outcomes. As the outcome of the problem (game) is determined by multiple decision makers it is often non-trivial to find the action that maximizes the reward of a player. Classic examples of game theoretic problems are the prisoners dilemma, and the hawk-dove game. In this course both strategic and non-strategic game theoretical models and their solutions will be discussed. Furthermore issues like value, fairness, manipulations, threats, optimality and rationality will be addressed. After completing this course students have gained insight into the basic notions and solutions of mathematical models of multi-person decision problems.