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This course develops and applies principles of game theory relevant to managers’ strategic decisions.
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1
English
English [CC]
FREE
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- Know the basic syntax of Javascript.
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Description
Topics include how to reason about strategies and opponents; strategic commitment, reputation, and “irrational” actions; brinkmanship and negotiation; auctions; and the design of markets and contests. Applications to a variety of business decisions that arise in different industries, both within and outside the firm.
Course content
- Introduction Unlimited
- Rationality Unlimited
- Nash Equilibrium Unlimited
- (Un)predictable Outcomes Unlimited
- Designing Games and Influencing Outcomes Unlimited
- Backward Induction Unlimited
- Bargaining Unlimited
- Wars of Attrition Unlimited
- Dynamic Price Competition Unlimited
- Introduction to Repeated Interaction Unlimited
- Long-run Relationships Unlimited
- Application: Tacit Coordination Unlimited
- Games with Asymmetric Information Unlimited
- Introduction to Auctions Unlimited
- Online Auctions Unlimited
- Designing Auctions and Other Markets Unlimited
- Costly Signaling vs. Cheap Talk Unlimited
- Credibility and Reputation Unlimited
- Application: Cold War Politics Unlimited
Instructor
Massachusetts Institute of Technology
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