BSAM0001 Applied Game Theory for Business

   

 

 

 

 

 

 

 

Course Code BSAM0001  
Course Title Applied Game Theory for Business

(商業應用對策論)

 
Class Date 18, 19, 20, 21, 24 and 25 July 2023

(26 July 2023 is reserved for class make-up in case there is any cancellation of classes due to bad weather or other unexpected factors.)

Class Time 9:00am – 11:30am
Class Location TBC  

 

Teacher Dr. Fred Kei-tat KU

Senior Lecturer, Associate Dean (Undergraduate Studies)
Department of Decision Sciences and Managerial Economics
CUHK Business School, 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. Game-based and analytical approach are 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 Repetition
Learning Outcomes After completing this course, students should be able to

  • Acquire an 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, 5e, 2020, 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%)
 
  The above course information is subject to change and approval.
Last updated on 14 April 2023