Application Game Theory Managing Decision Making

Credits: 1.5


This course demonstrates how insights of game theory can be utilized by managers to address important decisions confronting the firm. The interaction of a business firm with its competitors, customers and suppliers can be formalized as a game situation. We will utilize game theoretic reasoning to analyze issues to entry into new markets or exit from established businesses, investment in research and development, the extent of product differences.

Prerequisite(s): BECN 2401: Economic Analysis for Managerial Decision: Firms and Markets