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Web-link for this classWeb-link for this classhttp://www.uic.edu.hk/~kentsang/gt2014/gt2014.htm
also linked through iSpace
As an official communication channel to all students - Download lectures, or reading materials- Announcement of assignment, quiz, mid-term test- Posting solutions to assignment, quiz, mid-term
test- …
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TutorialsTutorials
One hour each weekTime & place to be announced later (we need
your input)
More explanationsMore examplesMore exercises
SCIT1003 SCIT1003 INTRODUCTORY GAME THEORY …INTRODUCTORY GAME THEORY …
Is part of Mathematical Literacy in a modern World.
• This course stresses the prevalence, relevance, and practicality of GAME THEORY GAME THEORY in modern society.
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What is mathematics?What is mathematics?
“Mathematics sets the standard of objective truth for all intellectual endeavors, science and technology bear witness to its practical usefulness. Besides language and music, it is one of the primary manifestations of the free creative power of the human mind, and it is the universal organ for world-understanding through theoretical construction. Mathematics must therefore remain an essential element of the knowledge and abilities which we have to teach, of the culture we have to transmit, to the next generation.”
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--Hermann Weyl
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“The great book of nature can be read only by those who know the language in which it is written, and this language is mathematics”
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In Galileo’s time “The great book of Nature” he referred to was just the physical world.
Today, the human society is also regarded as part of the Nature and can be studied by mathematics.
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1994 John Harsanyi John Nash Reinhard Selten
2005 Robert Aumann Thomas Schelling
1972 Kenneth Arrow
1997 Robert C. MertonMyron Scholes
2003 Robert F. Engle
2012 Lloyd Shapley
Nobel Prize laureates in Economics
"for having enhanced our understanding of conflict and cooperation through game-theory analysis."
"for their pioneering analysis of equilibria in the theory of non-cooperative games."
contributions to social choice theory, notably "Arrow's impossibility theorem"
"for a new method to determine the value of derivatives."
"for methods of analyzing economic time series with time-varying volatility”"for the theory of stable allocations and the practice of market design.“
What will you learn in this class?What will you learn in this class?
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How to solve daily problems using Game Theory in steps:
1. Identify if the problem is solvable by Game Theory
2. Simplify the problem by abstraction3. Analyze it with logic4. Determine if there is any solution
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Some tips to maximize your chances for Some tips to maximize your chances for success in this class?success in this class?
Work hard, more importantly, work smart:
1. Understand, don't memorize.
2. Ask why, not how.
3. See every problem as a challenge.
4. Learn techniques, not results.
5. Make sure you understand each topic before going on to the next.
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How is your final grade determined?
Some flexibility to determine your “Continuous Assessment”
40%
30%
10%
10%
10%
Oral and Group Presentation (1)
• Choose your teammates
• 4-5 members in one team
• Submit your group form (names & proposed topic) in October
• Study rubric for oral presentation (1)
Choose a topic for your team
Prepare your PPT
Oral presentation will be given (roughly) on the 8th week (Nov 2014)
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Text book-- The Art of Strategy:
A Game Theorist's Guide to Success in Business and Life
by Avinash K. Dixit and Barry J. Nalebuff
Publisher: W. W. Norton & Company (January 4, 2010)