About
Game theory has traditionally been a tool of economists, but its use in management situations has been growing rapidly in recent years. Managerial decisions are not static and cannot be made in isolation; instead, a manager must account for the reactions of both rival firms, subordinates, and superiors to this directives and proposals. Game theory is a tool to use to examine these interactions. The course extends the analysis of game theory and business strategy introduced in the managerial economics portion of the core. The ultimate aim of the course is to strengthen the student's ability to think strategically in business situations, rather than to teach facts or theories. To achieve this aim, we will iterate between theory and practice. We will use both formal case studies and real world examples to sharpen strategic thinking skills.
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