Back to Game Theory II: Advanced Applications

4.7

316 ratings

•

61 reviews

Popularized by movies such as "A Beautiful Mind", game theory is the mathematical modeling of strategic interaction among rational (and irrational) agents. Over four weeks of lectures, this advanced course considers how to design interactions between agents in order to achieve good social outcomes. Three main topics are covered: social choice theory (i.e., collective decision making and voting systems), mechanism design, and auctions.
In the first week we consider the problem of aggregating different agents' preferences, discussing voting rules and the challenges faced in collective decision making. We present some of the most important theoretical results in the area: notably, Arrow's Theorem, which proves that there is no "perfect" voting system, and also the Gibbard-Satterthwaite and Muller-Satterthwaite Theorems. We move on to consider the problem of making collective decisions when agents are self interested and can strategically misreport their preferences. We explain "mechanism design" -- a broad framework for designing interactions between self-interested agents -- and give some key theoretical results. Our third week focuses on the problem of designing mechanisms to maximize aggregate happiness across agents, and presents the powerful family of Vickrey-Clarke-Groves mechanisms. The course wraps up with a fourth week that considers the problem of allocating scarce resources among self-interested agents, and that provides an introduction to auction theory.
You can find a full syllabus and description of the course here: http://web.stanford.edu/~jacksonm/GTOC-II-Syllabus.html
There is also a predecessor course to this one, for those who want to learn or remind themselves of the basic concepts of game theory: https://www.coursera.org/learn/game-theory-1
An intro video can be found here: http://web.stanford.edu/~jacksonm/Game-Theory-2-Intro.mp4...

By LV

•May 02, 2017

Very interesting! One missing thing: please write explanations for correct/incorrect questions in quizzes. In the basic course, I found them very helpful in understanding why my reasoning was wrong.

By AS

•Sep 11, 2016

Outstanding course on Game Theory. Provides excellent mathematical and logical treatment of the concepts and theory. A perfect stepping stone for researchers willing to pursue their research in Gam

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61 Reviews

By Mohammad Zarghami

•Sep 09, 2018

poorly explained lectures. you're better off reading a textbook

By Diogo Costa

•Jul 01, 2018

Better than the first course. The topics were less familiar to me, so it opened a few more doors.I still feel like the math was neglected, most of the time. I don't expect every derivation, but at least an acknowledgement of where the formulas come from if one wants to derive them himself.The graded quizzes should have provided an explanation of the correct answers, I think. Sometimes that explanation made everything clearer to me (when I got the correct by mistake or by simple elimination).I really appreciate the reading material! At least I can now follow the subject more in-depth if I want, so that's very welcome.Overall, still feels like a fairly light overview, but it's a good introduction to the subjects of mechanism design and auctions, I feel.

By Mariano Bernal Padró

•May 30, 2018

Excellent! i think it shall contain more realistic examples for mechanism development and auctions

By Ka Lok Kam

•Apr 10, 2018

A more advanced course than Game Theory I. The topics are interesting but also in depth. Beside the lecture a lot of reading is needed if you really want to understand the concepts. After finishing this course I attend the master course in my university without difficulty to follow. The only thing for improvement is the homework. If lecturers could post some optional homeworks for students who want to train more, then this course will be really a University-level course for undergraduate students.

By StevenX

•Apr 07, 2018

A very well-taught class

By 汪宇恒

•Apr 03, 2018

too hard...need some analysis background

By Kiryukhin Rodion

•Apr 01, 2018

perfect one to get a taste of theory behind the voting schemes and game mechanisms design

By Anders Albert

•Mar 13, 2018

Solid through the entire course, good lectures and interesting tasks. Only missing a few explanations in some of the task.

By 苏恭超

•Feb 26, 2018

This course covers some interesting topics in game theory. It gives you a taste on how some of the more advanced games work out. Some of the quiz and test problems, however, are somewhat puzzling. I would prefer that explanations in detail can be provided for students once they finish quiz and tests.

By Roger Gonzalez

•Feb 18, 2018

Excellent course, I wish it was longer to have more examples but very interesting and well taught material

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