Game Theory for Business and Life

Catalog description

The objective of this course is to make you more skilled in strategic reasoning. Strategic situations permeate our lives and we will examine many such situations through the lens of game theory. The course is composed of game-theoretic concepts, applications, and experiential learning. The bulk of the applications are to business situations including product entry, bargaining, managerial incentive contracts, and network effects. Given the ubiquitous presence of strategic situations in human societies, applications will also extend to politics, war, sports, history, crime, theology, and every day life, and cover such topics as steroid use in sports, traffic congestion, corruption, racial discrimination, and sexual harassment. Students will regularly participate in experiments involving strategic reasoning, and form teams to compete in a simulated industry environment.