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Game Theory II

Advanced Applications

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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Stanford University

Rating 4.5 based on 81 ratings
Length 6 weeks
Starts May 20 (today)
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

We analyzed reviews for this course to surface learners' thoughts about it

game theory in 16 reviews

A more advanced course than Game Theory I.

This course covers some interesting topics in game theory.

I think this course was a great complement to my game theory studies.

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.

very interesting in 7 reviews

This course is certainly very interesting, but it's also quite challenging.

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.

Very interesting material.

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!

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

so much in 4 reviews

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.

However, I really appreciate the efforts the professors made to put up so much information into this short course.

more advanced in 4 reviews

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

Definitely more advanced.

very helpful in 3 reviews

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 in 3 reviews

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

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Game Advisor 2 $46k

Math and Music Theory Specialist $52k

Clinical & Theory Instructor $56k

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Associate Professor of Bassoon and Music Theory $88k

Scientist - Modeling and Theory $90k

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Coursera

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Stanford University

Rating 4.5 based on 81 ratings
Length 6 weeks
Starts May 20 (today)
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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