About this Course
4.6
737 ratings
189 reviews
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 11 hours to complete

Suggested: 3-4 hours/week...
Available languages

English

Subtitles: English

Skills you will gain

Nash EquilibriumGame TheoryStrategic Planning
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 11 hours to complete

Suggested: 3-4 hours/week...
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
4 hours to complete

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....
Reading
12 videos (Total 91 min), 6 readings, 5 quizzes
Video12 videos
1-1 What is Game Theory? 8m
1-2 Modelling Social Problems as a "Game" 12m
1-3 In Search for the Governing Principle10m
1-4 Concerns About a Mathematical Theory of Human Behavior 7m
1-5 Let's Play a Game 6m
Card Game Tutorial (No Audio)2m
1-6 John Nash Discovered the Governing Principle 6m
1-7 Nash Equilibrium9m
1-8 Traffic Game in Reality 7m
1-9 Location Game 6m
1-10 Policies of Two Parties 10m
Reading6 readings
Course Description10m
Syllabus10m
Card Game Challenge Instruction10m
(Supplementary Reading Material) Convergence to Nash Equilibrium in the Traffic Game10m
About Optional Challenge Problems2m
Supplemental explanation for Question 1, 2 and 310m
Quiz5 practice exercises
Practice Quiz 1.12m
Practice Quiz 1.24m
Practice Quiz 1.32m
Graded Quiz 114m
Module 1 Optional Challenge Problemsm
Week
2
Hours to complete
3 hours to complete

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?...
Reading
10 videos (Total 89 min), 1 reading, 5 quizzes
Video10 videos
2-2 Coordination Game and Self-Fulfilling Prophecy 9m
2-3 Market Competition 11m
2-4 Why Do People Come to Play Nash Equilibrium? Part I7m
2-5 Why Do People Come to Play Nash Equilibrium? Part II 7m
2-6 Why Do People Come to Play Nash Equilibrium? Part III 7m
2-7 Stylized Facts and Nash Equilibrium 5m
2-8 Make Yourself Unpredictable: Mixed Strategy Equilibrium 7m
2-9 Sports Games and Game Theory 10m
2-10 Nash Equilibrium Exists in All Games 11m
Reading1 reading
About Optional Challenge Problems2m
Quiz5 practice exercises
Practice Quiz 2.14m
Practice Quiz 2.24m
Practice Quiz 2.34m
Graded Quiz 214m
Module 2 Optional Challenge Problemsm
Week
3
Hours to complete
4 hours to complete

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....
Reading
9 videos (Total 94 min), 3 readings, 5 quizzes
Video9 videos
3-2 Digression: How You Played the Card Game and Addressing the Concerns about Game Theory15m
3-3 “Payoffs” in a Game: What Exactly Are Those Numbers? 9m
3-4 What Does it Mean That a Player is Rational? 6m
3-5 Domination: Strategies That Are “Obviously Good or Bad”10m
3-6 Common Knowledge of Rationality 10m
3-7 Low Rationality: What Happens if Players Are Not Very Smart?7m
3-8 Game Theory Under Zero-Intelligence: Biological Evolution 10m
3-9 Fig Wasps Play a Nash Equilibrium 11m
Reading3 readings
Aggregated Result of the Card Game Challenge10m
About Optional Challenge Problems2m
Supplemental explanation for Question 3 and 410m
Quiz5 practice exercises
Practice Quiz 3.12m
Practice Quiz 3.24m
Practice Quiz 3.34m
Graded Quiz 314m
Module 3 Optional Challenge Problems20m
Week
4
Hours to complete
4 hours to complete

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....
Reading
11 videos (Total 123 min), 2 readings, 5 quizzes
Video11 videos
4-2 Why is Group Rationality Different From Rationality of Individuals? 10m
4-3 Group Rationality vs. Rationality of Individuals in Biological Evolution 11m
4-4 Group Rationality vs. Rationality of Individuals in Social Thought 11m
4-5 How to Enforce Socially Desirable Outcomes13m
4-6 Cooperation of gas Stations in Long-Term Relationship Part I: Need For Cooperation 12m
4-7 Cooperation of Gas Stations in Long-Term Relationship Part II: Mechanism of Cooperation11m
4-8 Reputation and Brand Name10m
4-9 Cooperation in Loosely Knit Organization14m
4-10 Summary of the Course 13m
Final Message from the Instructor4m
Reading2 readings
(Supplementary Reading Material) Why People Discount Future Payoff ?10m
About Optional Challenge Problems2m
Quiz5 practice exercises
Practice Quiz 4.12m
Practice Quiz 4.22m
Practice Quiz 4.32m
Graded Quiz 414m
Module 4 Optional Challenge Problems20m
4.6
189 ReviewsChevron Right
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Career Benefit

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Top Reviews

By LLJan 20th 2016

This is a very good introduction to game theory having never before studied this subject I have found that the Lectures are easy to understand and flow very well from one to the other.

By LYDec 17th 2017

Simple to follow, focuses on introducing basic concepts rather than the math. Could be more in-depth though. Nonetheless, great precursor to the Game Theory course from Stanford.

Instructor

Avatar

Michihiro Kandori

Professor
Faculty of Economics

About 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....

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