Game Theory: Economics
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Using complex mathematical concepts, analyze situations in which two or more parties are competing, determine the best course of action for each party, predict the outcome, and then apply these concepts to circumstances across all disciplines. Investigate the foundations of Game Theory, or Formal Decision Theory, and its use as a tool to help people conceptualize and navigate complex decision-making processes in ways that produce optimum benefit. Explore applications in economics that inform mergers, negotiations, marketing and pricing strategies, and contract formation, as well as applications in strategic conflict and warfare, evolutionary systems, psychology, and sociology.
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Duke East 2017 - Term II