ECN 344 - Game Theory, 3 credit hours

Prerequisite(s): ECN 200 or ECN 201 or POL 101D
This course addresses the nature of competition and cooperation in economics and business, as well as how cooperative behavior evolves. The notion of Prisoner’s Dilemmas and the means by which players and societies extract themselves from the dilemma of individual vs. social rationality will be our focus. We will ask whether purely self-interested behavior is always in the “best” interests of the individuals involved or whether there are long-term benefits of cooperation.