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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 course develops and applies principles of game theory relevant to managers’ strategic decisions.

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 Curriculum

  • Introduction Unlimited
  • Rationality Unlimited
  • Nash Equillibrium Unlimited
  • (Un)predictable Outcomes Unlimited
  • Designing Games and Influencing Outcomes Unlimited
  • Backward Induction Unlimited
  • Bargaining 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

About the instructor

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Instructor Rating

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Courses

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Massachusetts Institute of Technology