MAT 1111 - Introduction to Strategic Thinking Game Theory

Credits: 2
For over half a century now a remarkable theoretical tool, game theory, has given us insights into strategy-building in diplomacy, war, political science, economics, psychology and many other areas. Game theory provides us with a conceptual framework to model the strategic interaction between rational and intelligent decision-makers. It is gradually becoming a staple in the toolsets of corporations and governments and has entered popular culture via films like A Beautiful Mind and Starship Trooper. The theory was first developed in part by Hungarian mathematician John von Neumann in the 1940’s and 50’s.