040018 UK UK Decision and Game Theory (BA) (2016S)

The topics of the course will be presented by the lecturer. Students are expected to read the material in advance so that there can be active interaction during the lectures. Students are also expected to do the recommended readings to complement classroom discussion of the topics. There are separate exercise sessions where problem sets will be discussed. In game theory it is very important to try to solve the exercises yourself. When problems are discussed, students are therefore expected to have worked on the problem sets in advance.

After the required Microeconomics classes, students should be familiar with the notion of rationality and how it is applied in single decision-making problems with certainty and also in simple market environments. This course looks at the implications of rational decision making in an interactive context where a few players interact. This is the area of strategic reasoning, which is the domain of game theory. For certain solution concepts in game theory we also need to be familiar with the basic set-up of decisions under uncertainty. All theoretical concepts will be discussed in the context of many, different applications.

Contents: The recommended readings refer to sections or chapters in the Osborne book.

Target group: Bachelors students of Economics.
Prerequisites: Microeconomics I (Mikroökonomie I)

Course outline: http://homepage.univie.ac.at/maarten.janssen/teaching.html