Applied economics and game theory fundamental to the architecture and operation of web3 applications.
Completing this module will enable you to:
- Understand and discuss the basic principles of economics, including the influence of incentives on human behavior, supply and demand, the value of time, and the role of prices in allocating resources.
- Analyze and comprehend the principles of game theory, including strategic games, Nash equilibrium, and the role of incentives in shaping outcomes.
- Understand and apply the concepts of price discovery mechanisms and their implications in various market settings.
- Understand the principles of collective decision-making, including voting systems, group decision-making processes, and the role of consensus in collective decisions.