This module introduces Nash equilibrium, a basic solution concept of game theory. You will understand how players make decisions when considering others' actions. We will analyze how this concept applies to various strategic situations. By the end, you will: - Define Nash equilibrium and its significance. - Identify Nash equilibria in simple games. Tip: Focus on understanding the logic behind player choices in different scenarios.

This module examines rationality and Nash equilibrium within game theory. We consider player intellectual capacities, from high reasoning to low intelligence. You will see Nash equilibrium emerge across various player abilities. This helps understand diverse strategic behaviors in social and business contexts. By the end, you will: - Analyze rationality's role in Nash equilibrium. - Understand how player intellect affects game outcomes. Tip: Consider real-world examples of varying player sophistication as you learn.

This module addresses game theory's core message: rational behavior often leads to socially undesirable outcomes. We will understand why this happens and how game theory has impacted natural and social sciences. You will learn methods to overcome this problem, improving social outcomes. By the end, you will: - Explain why rational behavior can lead to poor social outcomes. - Identify methods to improve social outcomes in strategic settings. Tip: Consider current events where individual rationality conflicts with collective good.