Game theory explores the art of how people make decisions in situations where their choices affect each other. Learn core game theory frameworks through practical application-based learning to transform your and your organization’s performance. With the increasing complexity of today’s world, game theory offers valuable frameworks and tools to navigate uncertainty and establish scientific rigor for strategy. Today, game theory has applications across businesses (advertising, digital markets, mergers and acquisitions, cartels, innovation etc.) along with policy.
Strategy and Game Theory for Management
Strategy and Game Theory for Management
Instructor: Prof. Viswanath Pingali
10,299 already enrolled
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Gain insight into a topic and learn the fundamentals.
4.9
(31 reviews)
Intermediate level
Recommended experience
31 hours to complete
3 weeks at 10 hours a week
Flexible schedule
Learn at your own pace
What you'll learn
Your decisions will impact others and others’ decisions impact you. So, how do we anticipate other people’s decisions in our decision making?
It helps you understand the world around you from a fresh perspective. (Refer to the questions in the course description)
It helps refine your thinking on dealing with uncertainty and decision-making
You can develop skills like structured problem-solving and strategic thinking
Skills you'll gain
Details to know
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Recently updated!
August 2024
Assessments
18 assignments
Taught in English
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There are 5 modules in this course
This module aims to introduce you to the game theory course. It introduces you to some real-life questions that you can solve by using the concepts we will learn over the course. Following this, the course introduces you to the idea of a game and to some simple games. Subsequently, the module explores the most famous game in game theory: Prisoners’ Dilemma, where smart people find no incentive to cooperate with each other. The module further explores some real-life examples of prisoners’ dilemma. All learning components will be updated upon the official launch of the course
What's included
11 videos14 readings4 assignments
This module introduces you to the famous concept of Nash Equilibrium. What do you do when there is no Dominant Strategy or Dominated Strategies? Where do thought processes converge? This module further explores several interesting phenomena like Stag Hunt, Battle of Sexes, and Hawk Dove Games. We will explore why some inefficient outcomes happen despite all the players knowing that they are suboptimal. We will also explore questions like whether equilibrium means efficient. All learning components will be updated upon the official launch of the course
What's included
17 videos17 readings5 assignments1 discussion prompt
This module introduces you to the games that are sequential in nature. That is, we look at the cases where players alternate in their moves. Further, there are cases where games repeat themselves. We will look further at when we can expect competitors to cooperate in a prisoners’ dilemma situation. We will also explore some interesting games such as the ultimatum game and the trust game. All learning components will be updated upon the official launch of the course
What's included
15 videos15 readings5 assignments
Often, full information is not available, especially regarding the other players. In this module, we will look at scenarios with partial information. We will explore several interesting applications of such games and look into concepts like winners’ curse and adverse selection. We will also explore the link between biology and game theory All learning components will be updated upon the official launch of the course
What's included
13 videos12 readings4 assignments1 discussion prompt
What's included
1 peer review
Instructor
Instructor ratings
5.0 (11 ratings)Offered by
Recommended if you're interested in Business Strategy
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Frequently asked questions
A traditional game theory course is highly mathematical. In this course, we will keep maths to the minimum (close to zero) and develop an intuitive understanding of the subject
For intuitive understanding, I highly recommend The Art of Strategy by Avinash K Dixit and Barry J Nalebuff. For the technically minded, there are several textbooks out there. Some of the leading authors include Robert Gibbos, Steven Tadalis, Martin J Osborne, etc.
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The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.