| Number: | 112312 (2V+2Ü) |
| Titel: | Game Theory |
|
Lecture: |
Mo. 10:15 - 11:45 h, M 127 Thu. 14:15 - 15:45 h, SRG1 1.024 |
| Start: |
14.10.2019 |
| Language: | English |
Content of the Module
Game theory is a mathematical method of modeling virtually any situation in which humans interact and it has found applications in virtually every aspect of the social sciences. This course will examine the fundamental tools and concepts of game theory, both from a rationalistic as well as evolutionary point of view, while maintaining a focus on its applications in economics and business.
Competences
The course aims at a thorough understanding of interactive decision situations. Any social situation can be modeled as an interactive decision problem; i.e. a game. Mastering the modeling stage is the first step to analysis and finally solution of the problem. In particular, game theoretical models of market competition are contrasted with the standard approach to perfect competition, which is based on classical decision theory. The need of methodological competence to understand real world phenomena is stressed in this way.
Literature
