Upon successful completion of this module, you will be able to:

•Define game theory
•Discuss the prisoners’ dilemma
•Explain the application of game theory in Economics
•List the assumptions of the game theory
•Discuss the strategies of firms
•Define Nash equilibrium
•Contrast cooperative games to non-cooperative games
•List the types of games
•Explain Nash equilibrium numerically
•Define the Minmax strategy
•Contrast normal form games to extensive form games
•Discuss sequential move games