Introduction to Game Theory
Game theory is the study of mathematical models that involve stakeholders with different interests. In zero-sum (antagonistic) games, the interests are totally conflicting. In contrast, non-zero-sum games describe the situation where interests are not completely opposed. This eight-week course covers fundamentals of game theory.
Participants will be able to define the concepts of matrix and player strategy, explain the concept of mixed strategy that emerges when the game is repeated. They will learn the concept of equilibrium and its importance in the game, and define the Nash equilibrium. They will develop understanding of the popular minimax theorem, methods of solutions, and solutions of some sample games.