Strategic Games for Managers

Course content

Game theory is an analytical tool used in modeling strategic interactions where an action by an agent influences the payoffs to other agents. Hence, game theory studies cooperative and competitive behavior in conflict situations. The applicability of game theory extends from economics, management science, bargaining, and conflict resolution to political science and theoretical biology. This course provides the students with the standard taxonomy and solution concepts necessary in formulating games, identifying optimum strategies, and predicting the outcomes of such games. Tools of game theory will be developed through lectures, readings, exercises, class discussions, and applications (business and economic). The course is mathematical in the sense that it requires logical thinking.