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Game Theory II

Popularized by movies such as "A Beautiful Mind", game theory is the mathematical modeling of strategic interaction among rational (and irrational) agents. Over four weeks of lectures, this advanced course considers how to design interactions between agents in order to achieve good social outcomes. Three main topics are covered: social choice theory (i.e., collective decision making and voting systems), mechanism design, and auctions. In the first week we consider the problem of aggregating different agents' preferences, discussing voting rules and the challenges faced in collective decision making. We present some of the most important theoretical results in the area: notably, Arrow's Theorem, which proves that there is no "perfect" voting system, and also the Gibbard-Satterthwaite and Muller-Satterthwaite Theorems. We move on to consider the problem of making collective decisions when agents are self interested and can strategically misreport their preferences. We explain "mechanism design" -- a broad framework for designing interactions between self-interested agents -- and give some key theoretical results. Our third week focuses on the problem of designing mechanisms to maximize aggregate happiness across agents, and presents the powerful family of Vickrey-Clarke-Groves mechanisms. The course wraps up with a fourth week that considers the problem of allocating scarce resources among self-interested agents, and that provides an introduction to auction theory. You can find a full syllabus and description of the course here: http://web.stanford.edu/~jacksonm/GTOC-II-Syllabus.html There is also a predecessor course to this one, for those who want to learn or remind themselves of the basic concepts of game theory: https://www.coursera.org/learn/game-theory-1 An intro video can be found here: http://web.stanford.edu/~jacksonm/Game-Theory-2-Intro.mp4

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Rating 4.5 based on 88 ratings
Length 6 weeks
Starts Jul 3 (44 weeks ago)
Cost $79
From Stanford University, The University of British Columbia via Coursera
Instructors Matthew O. Jackson, Kevin Leyton-Brown, Yoav Shoham
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Mathematics Business
Tags Social Sciences Math And Logic Economics

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What people are saying

game theory

A more advanced course than Game Theory I.

This course covers some interesting topics in game theory.

But I woul like more on Game Theory.

very challenging Quite Hard but very interesting It is very challenging but also interesting A good step from basic game theory to more advanced theory and application in this field.

A great course on the applications of game theory.

And while it would have been nice for each concept to include interactive exercises- such as in Game Theory I - the repetition of quizzes and problem sets helps one to gain familiarity with the endless amount of themes and properties that get introduced each week.

Thank you for giving me excellent information on game theory.

Somehow, the concepts were not as clear as the basic game theory course.

Nice retracing of some notions of the course Game Theory like Pareto Oprimality.

Would totally recommend this to anyone who wants to know more about Game Theory.

The best part about this course is the fact that it provides the applications of all the theoretical aspects of game theory.

finest course Excellent and enlightening experience Outstanding course on Game Theory.

A perfect stepping stone for researchers willing to pursue their research in Gam This class is MUCH harder than their Game Theory I class because it is VERY abstract.

Unlike in their original version of the Game Theory I class I took, the professors were absent from this class.

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very interesting course

Great Course, same parts are challenging but i learned a lot about excellent Very interesting course, however it requires a lot of effort to put in.

Very interesting course, never loved the derivations this much before.

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so much

I learnt so much in this course Great course es tan bueno como el primero.

Enjoyed the course, Thank you so much Great So much information given, in very compact but clear style, in short time.

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mechanism design

Excellent course, I wish it was longer to have more examples but very interesting and well taught material Great, the Problem set very helpful to understand the core of Mechanism Design conception.

You definetely will learn many fascinating things about mechanism design and auctions!

Voting schemes was right, but mechanism design was completely abstract Really enlightening class!I now feel empowered to create project management processes that encourage truthfulness and participation of its different stakeholders in my everyday job.I also found some very interesting parallels with the methodology of pricing and notably price elasticity, which is key when designing a new product or its associated business model.PS: Although I understand the importance of it being mathematically formalized, I would have loved it to be sometimes more concrete (especially through exercises and quizzes).Thank you so much, Excellent skills obtained Some really interesting results, but it takes a while to tie it all together and the quizzes weren't as easy to connect to the theory as in the first course.

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more advanced

It gives you a taste on how some of the more advanced games work out.

Definitely more advanced.

very helpful

In the basic course, I found them very helpful in understanding why my reasoning was wrong.

It is very helpful course for me.

challenging but

The lectures are extraordinary - clear yet complex, challenging but rewarding.

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Clinical & Theory Instructor $56k

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Rating 4.5 based on 88 ratings
Length 6 weeks
Starts Jul 3 (44 weeks ago)
Cost $79
From Stanford University, The University of British Columbia via Coursera
Instructors Matthew O. Jackson, Kevin Leyton-Brown, Yoav Shoham
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Mathematics Business
Tags Social Sciences Math And Logic Economics

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