Overview

The course will apply insights from game theory to examine the decisions that managers make regarding key strategic decisions, such as product positioning and reacting to new entrants. Emphasis will be placed on understanding the nature of the strategic interactions among rival firms, anticipate them, and then shape them. We will first learn about the basic tools and principles of game theory before moving to applications.

Learning outcomes

By the end of the course you will be able to:

  • Understand game-theoretic tools and techniques to develop strategic thinking.
  • Apply these tools to a variety of different situations of strategic interaction.
  • Select models to fit the strategic situation to be analyzed.
  • Interpret available information to analyze of real-life situations using game-theoretic methods.
  • Analyze complex real-life situations using strategic thinking.