What do price wars, tennis, legislation, and family life have in common? They
are all strategic situations: people make decisions that directly affect
other people’s well-being as well as their own.
Game
Theory is the study of strategic situations. The goal of this course is to
understand the basics of game theory through examples. We will learn about
strategies,
Nash equilibrium,
commitment, and what “common knowledge” is. Some topics in game
theory will be suggested that may be useful in high school social studies or
mathematics education.
Instructor: Adam Galambos, postdoctoral fellow in economics,
Lawrence University