ECN 320 Games and Strategic Decision Making
Most decisions taken by economic agents (consumers, firms, investors, borrowers, and lenders, among others) have an effect on other agents’ actions. In many circumstances, people try to respond optimally to the actions taken by those with whom they interact. Therefore, investigating how the strategic interaction between agents unfolds is crucial to understand how decisions are taken in most economic and financial environments, and what their implications are.
The course investigates strategic decision making by relying on game theory in a simple and accessible way, privileging an intuitive, yet accurate, understanding of the key underlying concepts of strategic behavior, rationality, and equilibrium in games, through a number of applications both in economics and finance.