Game Theory seeks to systematically explore the strategic interactions of humans in various contexts from international diplomatic relations to parents and children. Using models for understanding different players, their strategy options, and payouts, Game Theory can be used to predict the outcome of these strategic interactions given the assumption of rational actors. Different game types include: one-time simultaneous games, repeated games, sequential games, mixed strategy games, threats, promises and the manipulation of games, and possibly the strategy of auctions, negotiations and voting.

Prerequisite: AP Economics. Seniors may request to take Game Theory concurrently with AP Macroeconomics in the spring. UC approved.

Interview with: Mr. Lepler

Produced by: Arushi Saxena

Behavioral Economics examines how psychological, social and cognitive factors impact decision-making. In traditional economic models, humans are considered to be perfectly rational - meaning that they make “perfect” decisions based on price. In practice, human behavior is more unpredictable, or “predictably irrational.” Behavioral economics studies how people respond to stimulus when they make decisions and why they respond that way.

Prerequisite: Completion of Economics or one semester of AP Economics. UC approved.

Interview with: Mr. Lizardo

Produced by: Evan Cheng