Strategic Decision Making in Cooperative and Non-Cooperative Games

This exam evaluates the theoretical frameworks governing strategic interactions in both cooperative and non-cooperative settings. Key concepts include Nash Equilibrium, Pareto Efficiency, and the Prisoner’s Dilemma, focusing on their implications for decision-making processes.

Understanding these principles is crucial in various fields, including economics, political science, and sociology. They inform policy-making, negotiation strategies, and market competition, highlighting the importance of anticipating others' actions.

The exam will test verbal articulation concerning key definitions, the ability to analyze real-world examples, and the understanding of strategic equilibrium concepts. Candidates should be prepared to discuss the relevance of game theory in contemporary scenarios.

Candidates should demonstrate a clear comprehension of core principles, alongside the ability to relate them to practical contexts discussed in previous coursework.