A situation involves strategic interaction if the best course of action of one agent depends on what others are going to do and vice-versa. These situations include, for example, the competition among firms in an oligopolistic market, the struggle between candidates in an election campaign, the wage bargaining between a worker and an employer, and the rivalry between states locked in an arms race. Although originally developed and applied in economics, game theory is now commonly used in political science and is beginning to be applied more widely throughout the social sciences to model strategic interaction. This course offers a non-technical introduction to game theory with a special emphasis on examples and applications drawn from economics, political science, and the other social sciences.
Note: Political Science c135 is cross-listed with Economics c110.