GE2256 - Applications of Game Theory to Business | ||||||||||||
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| * The offering term is subject to change without prior notice | ||||||||||||
Course Aims | ||||||||||||
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 studenta??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. | ||||||||||||
Assessment (Indicative only, please check the detailed course information) | ||||||||||||
Continuous Assessment: 60% | ||||||||||||
Examination: 40% | ||||||||||||
Examination Duration: 2 hours | ||||||||||||
Students are required to pass both coursework and examination components in order to pass the course. | ||||||||||||
Detailed Course Information | ||||||||||||
| GE2256.pdf | ||||||||||||
