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14.12 Economic Applications of Game Theory (MIT)

Game Theory, also known as Multiperson Decision Theory, is the analysis of situations in which the payoff of a decision maker depends not only on his own actions but also on those of others. Game Theory has applications in several fi…elds, such as economics, politics, law, biology, and computer science. In this course, I will introduce the basic tools of game theoretic analysis. In the process, I will outline some of the many applications of Game Theory, primarily in economics.
Keywords:
implicit cartels, Economics, dynamic games, game theory, backward induction, subgame perfection, multiperson decision theory, payoff, ocwc, oec, economics, Game Theory, games
Disciplines:
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More about this material

Material Type:
Online Course
Date Added to MERLOT:
August 6, 2014
Date Modified in MERLOT:
June 12, 2018
Author:
Submitter:
The Open Education Consortium
Primary Audience:
College General Ed
Technical Format:
Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
No
Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-ShareAlike 3.0 United States

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