The goal of this course is to improve strategic thinking, i.e., the capacity for making intelligent and creative choices when interacting with other individuals (or at a firm or country level). The focus will be on the use of game theory in a business context but game theory has a much broader relevance so we will also apply it in the context of politics, international relations, war, sports, crime and everyday life.
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In each section, the concepts will be introduced informally and then formally with a minimum of mathematics and with the help of applications from sports, fiction, everyday life, etc.1. Introduction to game theory 2. Modelling a strategic situation as a game3. Optimal play by eliminating dominated strategies4. Strategic play when there are few actions5. Strategic play when there are many actions6. Randomizing play7. Strategic play in sequential-move environments with perfect information8. Strategic play in sequential-move environments with imperfect information9. Strategic play when there is repeated interaction
While formal lectures will be utilised, there will be a strong emphasis upon laboratory work, the undertaking of projects and the presentation of work.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 50 |
| Other Assessment(s) | 50 |