Executive Development Programme in Game Theory for Competitive Strategy
-- ViewingNowThe Executive Development Programme in Game Theory for Competitive Strategy is a certificate course that holds immense importance in today's business world. This programme delves into the principles of game theory, a mathematical model of strategic interaction, and illustrates its application in formulating competitive strategy.
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โข Introduction to Game Theory – definitions, history, and applications
โข Basic Concepts – players, strategies, payoffs, and games
โข Game Theory in Business – competition, cooperation, and negotiation
โข Strategic Decision Making – dominance, Nash equilibrium, and iterative removal of dominated strategies
โข Extensive Form Games – decision trees, perfect and imperfect information
โข Mixed Strategies – randomization, mixed strategy equilibrium
โข Repeated Games – finitely and infinitely repeated games, trigger strategies, and folk theorems
โข Cooperative Game Theory – coalition formation, stable sets, and bargaining solutions
โข Behavioral Game Theory – cognitive biases, bounded rationality, and experimental evidence
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