Game Theory

Description

Popularized by motion pictures corresponding to “A Stunning Thoughts,” recreation principle is the mathematical modeling of strategic interplay amongst rational (and irrational) brokers. Past what we name `video games’ in widespread language, corresponding to chess, poker, soccer, and many others., it contains the modeling of battle amongst nations, political campaigns, competitors amongst corporations, and buying and selling conduct in markets such because the NYSE. How may you start to mannequin key phrase auctions, and peer to look file-sharing networks, with out accounting for the incentives of the individuals utilizing them? The course will present the fundamentals: representing video games and methods, the intensive kind (which pc scientists name recreation timber), Bayesian video games (modeling issues like auctions), repeated and stochastic video games, and extra. We’ll embrace a wide range of examples together with basic video games and some purposes.