Master's Degrees in Game Theory
Programs offering training in game theory are available both on campus and online. Get information about program options and topics covered in these programs along with employment opportunities.
What Does an Education in Game Theory Entail?
<p>Game theory is a mathematical process used to determine the most successful way for a person to play a game. However, game theory is often used to study activities unrelated to games, such as solving complex economic, social and political problems.
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<p>Master's degree programs in game theory do not exist. Courses in game theory are typically found in graduate-level degree programs related to economics, mathematics, statistics or finance. They can be found in on-campus programs as well as online programs.
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<table border="1"><tr><td><b>Program Overview</b></td><td> Game theory is often part of graduate programs in economics, math, statistics or finance</td></tr>
<tr><td><b>Course Topics</b></td><td> Static and dynamic games, mixed strategies, psychological gaming, capital structure and correlated and subgame perfect equilibrium</td></tr>
<tr><td><b>Possible Careers</b></td><td> Econometrician, military careers</td></tr>
<tr><td><b>Job Outlook (2019-2029)</b></td><td> 14% (<i>Economists</i>)</td></tr>
<tr><td><b>Median Salary (2020)</b></td><td> $108,350 (<i>Economists</i>)</td></tr>
</table><p><i>Source: U.S. Bureau of Labor Statistics</i>
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<h3 id="section---WhatDoCoursesCover">What Do Courses Cover?</h3>
<p>Some online game theory courses are available for free, via OpenCourseWare--an open source educational resource providing free worldwide access to course content from major colleges and universities. In a game theory course, you study static and dynamic games, correlated and subgame perfect equilibrium, mixed strategies, mechanism design, capital structure, psychological gaming and competitive strategy.
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<h3 id="section---WhatCanIDoWithTrainingInGameTheory">What Can I Do with Training in Game Theory?</h3>
<p>Game theory can be used to solve complex economic, political and social problems. It can also be used in military operations, such as aerial combat. One job title in particular for graduates with training in game theory is that of econometrician. Econometricians apply game theory and other mathematical techniques to economic research. These mathematical techniques help econometricians devise economic models that can be used to develop business cycle forecasts, study how specific inflation rates affect the economy and study how tax laws affect unemployment levels.</p>