Game theory provides a simple, but rich, framework for analysing once-off and repeated interplay between people or firms, where the manner in which each reacts depends upon the other's reaction: strategic interaction.
These interactions occur in markets, in organisations, and in the household.
This course (through lectures, experiential learning, and computer simulations) will attempt to provide students with understanding of many interactions they may encounter as managers, including price wars, wars of attrition, the value of cooperation interactions, and the value of information.