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GAME THEORY - course description

General information
Course name GAME THEORY
Course ID 04.0-WZ-P-GT-S19
Faculty Faculty of Economics and Management
Field of study WEiZ - oferta ERASMUS
Education profile -
Level of studies Erasmus programme
Beginning semester winter term 2023/2024
Course information
Semester 1
ECTS credits to win 5
Course type obligatory
Teaching language english
Author of syllabus
Classes forms
The class form Hours per semester (full-time) Hours per week (full-time) Hours per semester (part-time) Hours per week (part-time) Form of assignment
Lecture 30 2 - - Credit with grade

Aim of the course

Can structuralize the problem applying the method of the games theory, to recognize the type of the game and possible strategies of players  and to solve problems.

Prerequisites

Basic knowing operations with matrix, basic knowing of excel program.

Scope

Introductory remarks. The origin of game theory. Strategic form game. Examples of games. Areas of application for game theory. Introduction to dominant strategies and Nash equilibrium. Weakly and strictly dominant strategies, iterative elimination of strictly dominant strategies. Formalizing a situation as a game in strategic form. Mixed strategies. Nash Equilibrium in mixed strategies. Domination by mixed strategy. Zero-sum games. Saddle point. Minimax and maximin - in pure and mixed strategies. Value of a zero-sum game. Finding minimax and maximin via a linear program and its dual counterpart. Calculation of an arbitration solution. Games against nature.

Teaching methods

lecture

Learning outcomes and methods of theirs verification

Outcome description Outcome symbols Methods of verification The class form

Assignment conditions

Student receive four tasks: two theory problems, two excersises. Two task done well - mark 3, three task done well - mark 4, five tasks done well - mark 5.

Recommended reading

Teacher prepares materials and exercises than gives students week before lecture.

https://www.maa.org/sites/default/files/pdf/ebooks/GTE_sample.pdf

Further reading

Notes


Modified by dr Paweł Szudra (last modification: 30-05-2023 10:57)