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Searched for: 1 subject found.
15.0251 Game Theory for Strategic Advantage
(
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(Subject meets with 15.025)
Prereq: 14.01, 15.0111, or permission of instructor
Units: 3-0-6
Credit cannot also be received for 15.741
Develops and applies principles of game theory relevant to managers' strategic decisions. Topics include how to reason about strategies and opponents; strategic commitment and negotiations; reputation and seemingly irrational actions; bidding in auctions; and the design of auctions, contests and markets. Applications to a variety of business decisions that arise in different industries, both within and outside the firm. Meets with 15.025 when offered concurrently. Expectations and evaluation criteria differ for students taking graduate version; consult syllabus or instructor for specific details.
A. Bonatti
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