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Learner Reviews & Feedback for Game Theory II: Advanced Applications by Stanford University

4.7
stars
529 ratings
107 reviews

About the Course

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...

Top reviews

AV
Jul 16, 2020

This was a wonderful and very mathematically intensive course, but completing all the quizzes gave a great sense of accomplishment and developed my understanding of game theory and its various facets.

LV
May 1, 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.

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51 - 75 of 107 Reviews for Game Theory II: Advanced Applications

By Hanbang G

Mar 5, 2019

Maybe harder than I, but obviously, more useful.

By Alejandro J

Mar 1, 2020

Excellent, clear and very useful course

By Sahil K

May 10, 2020

good course, should have more examples

By Zahid A

Nov 19, 2016

Enjoyed the course, Thank you so much

By Mithilesh k

Sep 13, 2016

Excellent and enlightening experience

By Ali E

Apr 21, 2021

Excellent explanations and quizzes

By Daniel G R

Jan 5, 2018

I learnt so much in this course

By Christian L

Sep 19, 2017

Quite Hard but very interesting

By Timothy W

May 12, 2021

Great Class. I learned a lot.

By Runyang W

Jan 8, 2019

话题主要为高级微观中的机制设计,非常适合我这种转专业的同学

By Dina I

Jan 16, 2018

Very interesting material.

By 任翔宇

Jun 12, 2020

difficult but intersting

By StevenX

Apr 6, 2018

A very well-taught class

By Sebastian P

Feb 7, 2021

Warmly recommended!

By Scott M

Mar 22, 2017

Outstanding course.

By Keyu Z

Jul 12, 2017

Really impressive!

By J H P

Apr 28, 2021

Very interesting

By Yin Z

Sep 21, 2017

very challenging

By 彭兴宇

Sep 11, 2021

Amazing math!

By Michael F

Mar 22, 2020

Great course!

By Rinkesh V

Sep 15, 2016

finest course

By Blake C

Dec 30, 2017

Great course

By 韩天煦

Jan 7, 2018

excellent

By Venkatraman R

Jun 16, 2017

very good

By Shiheng W

Oct 25, 2016

Great