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6 hours
12 lectures
12 tests
Lecture 1/12: Games, Decisions and Changing the Game
Management

How to Make Decisions Using Game Theory

You will learn how to…
Apply game theory
Avoid typical mistakes
Predict consequences
Collect and analyze information for decision-making
Dr. Scott Page
Visiting Research Professor at INSEAD
Lecturer's bio
Lecturer's bio

Scott Page is an internationally-recognized expert in complex systems. He directs the Center for the Study of Complex Systems at the University of Michigan and lectures at INSEAD business school.

Dr. Page has been awarded prizes for contributing to science and education by the California Institute of Technology, the Kellogg Graduate School of Management, the University of Wisconsin, and the University of Michigan.

He has written several books: The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies, Diversity and Complexity and Computational Models in Political Economy. He was elected to the American Academy of Arts and Sciences in 2011.

Video course
Started: 379
Rating: 90%

What is this course about?

This course is devoted to decision making. You will study strategic thinking tools and models, such as decision trees and the prisoner’s dilemma. You will learn to “look forward” and “reason back”. The majority of strategic decisions have to be made when there is a lack of information. The lecturer will explain how to reproduce missing data and predict consequences.

 

Who is this course for?

  • Entrepreneurs
  • Business consultants
  • Managers at all levels
  • Strategic planning managers
  • Company owners

Course Program

2
15:04
Decision Making under Uncertainty Free
3
13:47
Decision Trees and Bayes’ Rule
4
14:01
Backward Induction and Sequential Games
5
15:27
Simultaneous Games. Thinking the Other Player
6
15:22
The Prisoner’s Dilemma
7
15:24
Competition and Social Market
8
14:32
Games in the Value Chain: Added and Created Value
9
15:39
Creating Added Value
10
15:00
Attribute-Based Strategies
11
14:20
Commitment and Changing the Game
12
20:03
Auctions
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