The virtual course "Game Theory II: Advanced Applications - Virtual Course - Coursera", is a course with different contents and that offers video classes of Approx. 17 hours to complete. Explore its essential features, and click the orange button to get detailed information on the Coursera e-Learning platform
Popularized by movies like "A Beautiful Mind," game theory is the mathematical modeling of the strategic interaction between rational (and irrational) agents.
Over four weeks of lectures, this advanced course considers how to design interactions between agents to achieve good social results.
Three main topics are covered: social choice theory (ie, collective decision-making and voting systems), mechanism design, and auctions.
In the first week we considered the problem of aggregating the preferences of different agents, discussing voting rules and the challenges faced in collective decision making.
We present some of the most important theoretical results in the area: in particular, Arrow's Theorem, which shows that there is no "perfect" voting system, and also the Gibbard-Satterthwaite and Muller-Satterthwaite Theorems.
We turn to consider the problem of making collective decisions when agents are self-interested and can strategically misinform their preferences.
We explain "mechanism design," a broad framework for designing interactions between self-interested agents, and provide some key theoretical results.
Our third week focuses on the problem of designing mechanisms to maximize aggregate happiness among agents and introduces the powerful Vickrey-Clarke-Groves family of mechanisms.
The course concludes with a fourth week that considers the problem of the allocation of scarce resources among interested agents and that provides an introduction to auction theory.
A full syllabus and course description can be found here: http://web.
Stanford.
edu/~jacksonm/GTOC-II-Syllabus.
html There is also a course before this one,
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