GE2256 - Applications of Game Theory to Business

This course focuses on strategic decision-making in interactive situations where different individuals must anticipate what others will do. Game theory offers a systematic way to study environments with strategic interactions. The ultimate goal of this course is to enhance the student’s ability to think strategically in complex, interactive situations. This course also encourages discovery learning, which takes place when students apply their knowledge and skills in game theory to discover solutions to problems in business and life. An introduction to the main ideas and techniques of game-theoretic analysis related to cooperation, coordination, pricing, location choice, bargaining, conflict, negotiation, bidding in auctions, cheap talk, and other strategic situations in business will be presented. We will adopt a problem-centered approach and use equilibrium analysis in various settings.