BSAM0001 Applied Game Theory for Business









Course Code BSAM0001  
Course Title Applied Game Theory for Business


Class Date 13, 15, 16, 17, 18 and 19 August 2022
Class Time 9:00am – 11:30am
Teaching Mode Online with live lesson  


Teacher Dr. Fred Kei-tat KU

Senior Lecturer                                                                                                        Assistant Dean (Undergraduate Studies)
Department of Decision Sciences and Managerial Economics
The Chinese University of Hong Kong



  More about Dr. Fred KU and CUHK Business School:

1.      #BeYourSpark | Dr. Fred Ku, Associate Dean (Undergraduate Studies)

2.      Flipped Classroom Approach in Managerial Economics

Medium of Instruction English
Course Description This course aims to develop a game theoretic framework for understanding strategies in business. When making managerial decisions, managers must take into account the reaction of rival firms, governments and their subordinates. This module aims to introduce how game theory can help in business decision making, including pricing, product design, advertising, research and development and human resources arrangement. Analytical approach is used and application of game theoretic framework is emphasized.
Course Content The course will cover:

  • The Nature of Strategic Interaction
  • Games with Sequential Moves
  • Games with Simultaneous Moves
  • Commitment and Strategic Moves
  • Prisoners’ Dilemma and Reception
Learning Outcomes After completing this course, students should be able to

  • Acquire a understanding in applied game theory;
  • Appreciate the application of game theory in business and other real life situations;
  • Apply game-theoretic analysis, both formally and intuitively, to various interactions in business environment
Recommended Reading(s) / Reference(s)
  1. Game of Strategy, Dixit, Skeath, and Reiley, 4e, 2014, W. W. Norton and Company Inc.
  2. The Art of Strategy: A Game Theorist’s Guide to Success in Business and Life, Dixit and Nalebuff, 1e, 2010, W. W. Norton and Company Inc.
Course Assessment
  1. Test (70%)
  2. Project Presentation (30%)
Last updated on 2 August 2022