Game Theory

5th or 7th Semester

At A Glance

Course Code

ΧΡΜΘΠ02

Course Type

Special Background

Teaching Language

Greek

Is the course offered to Erasmus Students?

Teaching Delivery

Face-to-face

Use of Information and Communications Technology

Interaction in class with students

Independent Teaching Activities

Type

Lectures

Weekly Teaching Hours

ECTS Credits

7,5

Course Outlines

🇬🇷 Greek

🇬🇧 English

External Links

Student Performance Evaluation

Final exam 100%

Learning Outcomes

This course presents the core ideas of game theory. Game theory provides a logical apparatus designed to help us understand the decision-making if economic agents interact. The game theory models are highly abstract; therefore, the domain of applications is vast. Here we present the main toolkit of game theory and its application in fundamental issues of microeconomic theory.

With the successful completion of the course, students will be sufficiently capable to:

comprehend game theory techniques in a generic decision-making environment.
assess the microeconomic foundations of economic phenomena in a strategic setting
undertake strategic decisions in real-life situations.

General Competences

Decision making,
Working independently,
Production of new research ideas

Syllabus

Strategic Games – Nash Equilibrium, Strategic Dominance, Mixed-Strategy equilibrium, Bayesian Games in strategic form, Pre-Play Communication, Correlated Equilibrium
Extensive Games – Sequential Decision Games with complete information, Backward Induction, Subgame Perfect Nash Equilibrium, Games with Incomplete Information, Sequential Equilibrium, Games with Imperfect Information, Bayesian Nash Equilibrium, Forward Induction, Screening Games.
Repeated Games – Repeated Games with Perfect Recall, Repeated Games with Discounting, Folk Theorem, Strategies as Automata.
Bargaining Theory – Nash Solution, Other forms of solution.
Cooperative Games – The Core, The Shapley value, The Bargaining Set

Bibliography

Βολιώτης Δημ. Διαλέξεις στην Θεωρία Παιγνίων. Πληροφορία και Λήψη Αποφάσεων. Εκδόσεις Πεδίο, 2015
Felix Munoz-Garcia and Daniel Toro-Gonzalez, Strategy and Game Theory. Practice Exercises with Answers, Springer, Second Edition, 2019

Undergraduate Courses

1st Semester