Game Theory and its Applications ( In English and Hindi)
Game theory is a theoretical framework for imagining social scenarios in which competitive players interact. Game theory is, in some ways, the study of strategy, or at least the optimum decision-making of independent and competing agents in a strategic situation. Game theory is a theoretical framework for imagining social scenarios between competing individuals and producing optimum decision-making among autonomous and competing agents in a strategic environment. Real-world scenarios for circumstances such as pricing competition and product releases (among many others) may be sketched out and their consequences anticipated using game theory. Among the various scenarios are the prisoner's dilemma and the dictator game.
Game Theory Fundamentals: The game, which serves as a model of an interaction scenario among rational participants, is at the center of game theory. The essential concept in game theory is that one player's payout is dependent on the strategy used by the other player. The game determines the identities, preferences, and available strategies of the players, as well as how these strategies affect the outcome. Depending on the model, additional needs or assumptions may be required. Psychology, evolutionary biology, the military, politics, economics, and business are all areas where game theory may be used. Despite its numerous breakthroughs, game theory is a young and evolving field.
Who is this course for?
- Any one who wishes to learn decision-making using logical reasoning and market analysis through systematic calculations.
Requirements:
- No prerequisites as such because the instructor has taught the entire concept from scratch and it is a skill which everyone should learn and implement. Even the smallest of startups and entrepreneurs would benefit if they knew game theory and knew how different firms react and cheat to capture the market.
Udemy rating: 5/5
Enroll here: https://www.udemy.com/course/gametheoryandapplications/
