Course Details

Game Theory and Strategic Decisions
MECN-452-0
Previously Known as DECS-452-0
1.0 CR
Elective
PASS / NO CREDIT
Yes (may vary by section)
DESCRIPTION
How does a decision-maker make good decisions in strategic situations - situations where outcomes depend on the choices of other purposeful individuals as well as one's own? Participants in this course will gain an understanding of how to use the concepts and tools of Game Theory to guide their decisions. Topics include backward induction and subgame perfection, collusion and competition, mixed strategies, credibility and commitment, negotiation and bargaining, information asymmetry, market entry, and bidding strategies in auctions. This course makes extensive use of individual and group experiments and discussion.
TRACKS
Economics Major
SCHEDULE SUMMARY
Fall 2022
Spring 2023
CH
EV
CH
EV

CH (Chicago)
EV (Evanston)
DayTime
Evening
Saturdays
Popup
PREREQUISITES
Prerequisites:
Full-Time: MECN-430-0
E&W: (DECS-431-0 OR DECS-435-0 OR DECS-440-0) AND MECN-430-0
Negative Prerequisite:
All Students: DECS-452-0