University of St Andrews

Key information

SCOTCAT credits : 15

ECTS credits : 7

Level : SCQF level 10

Semester: 1

Planned timetable: To be confirmed

This module introduces students to game theory as a tool for modelling rational and non-rational human behaviour. The syllabus includes: Nash equilibria in normal form games, extensive form games and subgame perfection, repeated games and folk theorems and models of non-rational decision-making. We will focus on coordination games, ultimatum games and social dilemmas, and their relationship to problems such as nuclear brinksmanship and the evolution of cooperation.

Relationship to other modules

Pre-requisite(s): Before taking this module you must ( pass MT2503 and pass MT2504 ) or pass EC3304

Learning and teaching methods and delivery

Weekly contact: 2.5 lectures (x 10 weeks), 1 tutorial (x 10 weeks)

Scheduled learning hours: 35

Guided independent study hours: 120

Assessment pattern

As used by St Andrews: Written Examination = 90%, Coursework = 10%


Re-assessment: Oral examination = 100%

Personnel

Module coordinator: Professor A J Stewart
Module teaching staff: Dr Deborah Kent
Module coordinator email ajs50@st-andrews.ac.uk

Intended learning outcomes

• Understand the basic analytic tools of game theory, such as dominant strategies and Nash equilibrium
• Understand how to analyse different types of games, such as coordination games, social dilemmas and ultimatum games
• Analyse the Nash equilibria (and related classes of stable strategy) for normal form, dynamic and repeated games
• Analyse the strategic dynamics that occur in these games including basic models of non-rational decision-making
• Demonstrate computational skills in Python through programming basic models of repeated games
• Understand how game theory relates to real world human social interaction across a variety of contexts