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

4.7
stars
610 ratings

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

GL

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Very interesting and challenging... I wish there were more practical/real-world examples to learn the concepts but I was very glad to take this course

AA

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

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76 - 100 of 123 Reviews for Game Theory II: Advanced Applications

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 Qian L

Sep 17, 2022

Very good course!

By J H P

Apr 28, 2021

Very interesting

By Yin Z

Sep 21, 2017

very challenging

By shihyang y

Feb 23, 2024

it is very good

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

By Noé d C A

Aug 19, 2020

lit

By Jin-wook L

Jan 1, 2017

e

By L H

May 7, 2020

This is an absolutely fascinating course! I wish the instructors could have gone into more depth about each of the topics and also provided explanations to the problem sets like the case in the first course - the explanations helped a lot with my understanding. Nevertheless, a great introduction to the advanced applications of game theory and I look forward to a third installment!

By ZHU S

Jan 10, 2019

The lecture are useful and the lecturer clear in their content and delivery. However, it would be better if more practices with answers can be given, and the tutorial should include questions of greater difficulty, such as those with real game settings and rules to solve for optimum strategy.

By Mikel N

May 4, 2020

Not only it's a very interesting course, but also is offered free with graded quizes included. I wish it had been a little more extended, because subject is complex enough to expand it at least two or three more weeks.

By george v

Feb 18, 2017

Great course. Nice retracing of some notions of the course Game Theory like Pareto Oprimality. Nice idea doing some examples on auctions and voting systems. Nice proofs

By Ajay K V

Jun 4, 2020

Great course. Very relevant to a lot of problems in business. Content was overtly mathematical. More practical examples cold have been interesting to solve.

By Matthew W

Nov 5, 2017

A lot of the important results were covered but sometimes results came out of nowhere (for example with optimal auctions and virtual valuations).

By Martin D

Jul 31, 2022

A very good course. The only thing is that, in my view, some questions in tests are not fully explained in videos and the book.