An Introduction to Game Theory

Game theory is used to analyse conflict situations, recognize guiding principles that determine stable outcomes and identify ways in which certain responses may be induced. The science of game theory has roots in philosophy, economics and mathematics and is finding increasing applications in management and politics. Increasingly, game theory is embedded in the culture of decision making and policy formulation. The objective of this course is to introduce students to the approach, concepts and methodology of game theory using simple puzzles compiled over nearly two decades of teaching game theory as well as articles from reputed newspapers (e.g. The New York Times) about contemporary societal problems. Working through such puzzles will give students practice with examples so that they can analyse real world problems described in the articles with the game theoretic tools.

The originality of this course is that the application of abstract concepts shrouded in complex mathematics will be demystified using cartoons, newspaper texts and simple puzzles. Thus, this would be a unique opportunity for those without a background in mathematics or economics to understand the principles of game theory and learn to apply them to understand strategic problems or conflicts. Logic will be at the center of all analysis.