Game theory is the formal study of situations of interdependence between adaptive agents and the dynamics of cooperation and competition that emerge out of this. These agents may be individual people, groups, social organizations, but they may also be biological creatures, they may be technologies. The concepts of game theory provide a language to formulate, structure, analyze, and understand strategic interactions between agents of all kinds.
Since its advent during the mid 20th-century game theory has become a mainstream tool for researchers in many areas most notably, economics, management studies, psychology, political science, anthropology, computer science, and biology.
However, the limitations of classical game theory that developed during the mid 20th century are today well known. Thus, in this course, we will introduce you to the basics of classical game theory while making explicit the limitations of such models.
We will build upon this basic understanding by then introducing you to new developments within the field such as evolutionary game theory and network game theory that try to expand this core framework.
