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
Including You Will Disassemble 12 cases
Dr. Scott Page
Visiting Research Professor at INSEAD
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.
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?
- Business consultants
- Company owners
- Entrepreneurs
- Managers at all levels
- Strategic planning managers
List of lectures
-
Games, Decisions and Changing the Game Free
12 min -
Decision Making under Uncertainty Free
15 min -
Decision Trees and Bayes’ Rule
13 min -
Backward Induction and Sequential Games
14 min -
Simultaneous Games. Thinking the Other Player
15 min -
The Prisoner’s Dilemma
15 min -
Competition and Social Market
15 min -
Games in the Value Chain: Added and Created Value
14 min -
Creating Added Value
15 min -
Attribute-Based Strategies
15 min -
Commitment and Changing the Game
14 min -
Auctions
20 min
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