NOTE: Colorado College is responding to Coronavirus (COVID-19) developments. Summer Block A & B classes are being delivered via distance learning. On-campus admission visits are canceled until further notice. See Coronavirus Updates & Resources here.
Game Theory offers a framework for studying strategic interactions in a wide variety of circumstances. Most economics and business courses explore the nature of choice by individuals -- be those consumers or firms or even countries. The interdependence among decision-makers is usually captured as a constraint on the activities of the individual. Game theory broadens that perspective by allowing the agent to be aware of and to interact with other agents in dynamic and complex ways. We will set up and solve strategic and sequential form games and evaluate the quality of those outcomes. We will also consider multi-player interactions under conditions of uncertainty.
Prerequisite: Economics 301, Mathematics 117 or Mathematics 217, Mathematics 129, Mathematics 220. May also count as a course within the Microeconomic Theme.