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Last updated:

October 24, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

This half-term course examines the choices that we make which affect others and the choices others make that affect us.

Such situations are known as “games” and game-playing, while sounding whimsical, is serious business. Managers frequently play “games” both within the firm and outside it – with competitors, customers, regulators, and even capital markets! The goal of this course is to enhance a student’s ability to think strategically in complex, interactive environments. Knowledge of game theory will give students an advantage in such strategic settings. The course is structured around three “themes for acquiring advantage in games”: commitment / strategic moves, exploiting hidden information, and limited rationality.

Course Curriculum

  • Introduction Unlimited
  • Rationality? Unlimited
  • Equilibrium I Unlimited
  • Equilibrium II Unlimited
  • Commitment Unlimited
  • Strategic Substitutes and Strategic Complements Unlimited
  • Application: Entering a Market Unlimited
  • Application: Brinksmanship Unlimited
  • Auctions Unlimited
  • Uncertainty and Information Unlimited
  • Reputation and Strategic Irrationality Unlimited

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Massachusetts Institute of Technology