About this course: This course provides a brief introduction to game theory. Our main goal is to understand the basic ideas behind the key concepts in game theory, such as equilibrium, rationality, and cooperation. The course uses very little mathematics, and it is ideal for those who are looking for a conceptual introduction to game theory. Business competition, political campaigns, the struggle for existence by animals and plants, and so on, can all be regarded as a kind of “game,” in which individuals try to do their best against others. Game theory provides a general framework to describe and analyze how individuals behave in such “strategic” situations. This course focuses on the key concepts in game theory, and attempts to outline the informal basic ideas that are often hidden behind mathematical definitions. Game theory has been applied to a number of disciplines, including economics, political science, psychology, sociology, biology, and computer science. Therefore, a warm welcome is extended to audiences from all fields who are interested in what game theory is all about.
Who is this class for: This course is aimed at the beginners of economics and game theory: - No prior knowledge of economics or game theory is required. - No knowledge of math beyond simple arithmetic is required.
Created by: The University of Tokyo
Taught by: Michihiro Kandori, Professor
Faculty of Economics
| Level | Beginner |
| Commitment | 3-4 hours/week |
| Language | English |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
Why Do We Need Game Theory, and What Does it Tell Us?
Is it possible to analyze a wide variety of social and economic problems using a unified framework? In the first module, we address this question. We will see that the concept of rational decision making is useful, but it is not quite sufficient to provide governing principles. Motivated examples and some history of game theory will be provided. You will also be asked to play a simple card game to see how it feels to make your decisions strategically.
12 videos, 4 readings, 3 practice quizzes
- Video: Course Preview
- Leyendo: Course Description
- Leyendo: Syllabus
- Video: 1-1 What is Game Theory?
- Video: 1-2 Modelling Social Problems as a "Game"
- Video: 1-3 In Search for the Governing Principle
- Video: 1-4 Concerns About a Mathematical Theory of Human Behavior
- Cuestionario de práctica: Practice Quiz 1.1
- Video: 1-5 Let's Play a Game
- Video: Card Game Tutorial (No Audio)
- Leyendo: Card Game Challenge Instruction
- Video: 1-6 John Nash Discovered the Governing Principle
- Video: 1-7 Nash Equilibrium
- Cuestionario de práctica: Practice Quiz 1.2
- Video: 1-8 Traffic Game in Reality
- Leyendo: (Supplementary Reading Material) Convergence to Nash Equilibrium in the Traffic Game
- Video: 1-9 Location Game
- Video: 1-10 Policies of Two Parties
- Cuestionario de práctica: Practice Quiz 1.3
Graded: Graded Quiz 1
WEEK 2
Understanding Nash equilibrium
The basic solution concept of game theory is Nash equilibrium. In Module 2, we try to understand this central concept through various examples and ask the following crucial question: how do players come to play a Nash equilibrium?
10 videos, 3 practice quizzes
- Video: 2-1 Nash Equilibrium and the Prisoner’s Dilemma
- Video: 2-2 Coordination Game and Self-Fulfilling Prophecy
- Video: 2-3 Market Competition
- Cuestionario de práctica: Practice Quiz 2.1
- Video: 2-4 Why Do People Come to Play Nash Equilibrium? Part I
- Video: 2-5 Why Do People Come to Play Nash Equilibrium? Part II
- Video: 2-6 Why Do People Come to Play Nash Equilibrium? Part III
- Video: 2-7 Stylized Facts and Nash Equilibrium
- Cuestionario de práctica: Practice Quiz 2.2
- Video: 2-8 Make Yourself Unpredictable: Mixed Strategy Equilibrium
- Video: 2-9 Sports Games and Game Theory
- Video: 2-10 Nash Equilibrium Exists in All Games
- Cuestionario de práctica: Practice Quiz 2.3
Graded: Graded Quiz 2
WEEK 3
Rationality, Knowledge, and Evolution in Games
In Module 3, we will dig deeper into the relationship between rationality and Nash equilibrium. We will consider the whole spectrum of possible intellectual capacities of players, spanning the range from unlimited ability for sophisticated reasoning to absolute zero intelligence. In the end, you will see that Nash equilibrium can emerge under a fairly wide range of intellectual capacities of players.
9 videos, 1 reading, 3 practice quizzes
- Video: 3-1 Digression: The Card Game Revisited
- Video: 3-2 Digression: How You Played the Card Game and Addressing the Concerns about Game Theory
- Leyendo: Aggregated Result of the Card Game Challenge
- Video: 3-3 “Payoffs” in a Game: What Exactly Are Those Numbers?
- Cuestionario de práctica: Practice Quiz 3.1
- Video: 3-4 What Does it Mean That a Player is Rational?
- Video: 3-5 Domination: Strategies That Are “Obviously Good or Bad”
- Video: 3-6 Common Knowledge of Rationality
- Cuestionario de práctica: Practice Quiz 3.2
- Video: 3-7 Low Rationality: What Happens if Players Are Not Very Smart?
- Video: 3-8 Game Theory Under Zero-Intelligence: Biological Evolution
- Video: 3-9 Fig Wasps Play a Nash Equilibrium
- Cuestionario de práctica: Practice Quiz 3.3
Graded: Graded Quiz 3
WEEK 4
Sustaining Cooperation
The final module is devoted to the most important and most general message of game theory: rational behavior quite often leads to a socially undesirable outcome. We will first try to understand the basic reason for this, and then see how this insight of game theory has made fundamental impacts in the natural and social sciences. Finally, we will learn some general methods to overcome this problem.
11 videos, 1 reading, 3 practice quizzes
- Video: 4-1 Group Rationality and The Rationality of Individuals
- Video: 4-2 Why is Group Rationality Different From Rationality of Individuals?
- Cuestionario de práctica: Practice Quiz 4.1
- Video: 4-3 Group Rationality vs. Rationality of Individuals in Biological Evolution
- Video: 4-4 Group Rationality vs. Rationality of Individuals in Social Thought
- Video: 4-5 How to Enforce Socially Desirable Outcomes
- Cuestionario de práctica: Practice Quiz 4.2
- Video: 4-6 Cooperation of gas Stations in Long-Term Relationship Part I: Need For Cooperation
- Video: 4-7 Cooperation of Gas Stations in Long-Term Relationship Part II: Mechanism of Cooperation
- Leyendo: (Supplementary Reading Material) Why People Discount Future Payoff ?
- Video: 4-8 Reputation and Brand Name
- Video: 4-9 Cooperation in Loosely Knit Organization
- Video: 4-10 Summary of the Course
- Cuestionario de práctica: Practice Quiz 4.3
- Video: Final Message
Graded: Graded Quiz 4
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The University of Tokyo
The University of Tokyo was established in 1877 as the first national university in Japan. As a leading research university, UTokyo offers courses in essentially all academic disciplines at both undergraduate and graduate levels and conducts research across the full spectrum of academic activity.
Ratings and Reviews
Very interesting and easy to understand.
It is explained in a excellent a detailed way
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Really enjoy this course and hope UTokyo can establish more and more economic lessons here. ありがと!う