Level:
Undergraduate
Instructors:
An example of a simple 2-person game in normal form. The numbers in
each cell represent the respective utilities of the players. (Image by
MIT OpenCourseWare.)
Course Features
Course Description
Foundations and philosophical applications of Bayesian decision theory,
game theory and theory of collective choice. Why should degrees of
belief be probabilities? Is it always rational to maximize expected
utility? If so, why and what is its utility? What is a solution to a
game? What does a game-theoretic solution concept such as Nash
equilibrium say about how rational players will, or should, act in a
game? How are the values and the actions of groups, institutions and
societies related to the values and actions of the individuals that
constitute them?