Dec 03, 2021  
2020-2021 UMaine Undergraduate Catalog 
    
2020-2021 UMaine Undergraduate Catalog [ARCHIVED CATALOG]

ECO 363 - Game Theory


This course provides an introduction to game theory and its application in economics. Students will study a series of games that capture various aspects of strategic interaction - including well-known games such as Prisoner’s Dilemmas, Arms Races, Auctions, and Voting Mechanisms. Each game will be motivated by a common problem faced by decision-makers in the real world. Students will play versions of each game for themselves and analyze outcomes from similar games in the real world. Students will then use the tools of economics and game theory to study how behavior is influenced by the nature of the game itself, such as available information, beliefs about other players, and the interrelatedness of outcomes.

Prerequisites: A grade of C- or better in the following: ECO 120 and MAT 115 or MAT 116 or MAT 122 or MAT 126

Course Typically Offered: Spring

Credits: 3