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Course Info

  • Course Number / Code:
  • 15.04 (Spring 2004) 
  • Course Title:
  • Game Theory for Managers 
  • Course Level:
  • Graduate 
  • Offered by :
  • Massachusetts Institute of Technology (MIT)
    Massachusetts, United States  
  • Department:
  • Sloan School of Management 
  • Course Instructor(s):
  • Prof. David McAdams 
  • Course Introduction:
  •  


  • 15.040 Game Theory for Managers



    Spring 2004




    Course Highlights


    Students use game theory in the interactive games they play against each other both in class and online, as described on the games page. The three team assignments include a real-world application.


    Course Description


    This half-term course examines the choices that we make which affect others and the choices others make that affect us. Such situations are known as "games" and game-playing, while sounding whimsical, is serious business. Managers frequently play "games" both within the firm and outside it – with competitors, customers, regulators, and even capital markets! The goal of this course is to enhance a student's ability to think strategically in complex, interactive environments. Knowledge of game theory will give students an advantage in such strategic settings. The course is structured around three "themes for acquiring advantage in games": commitment / strategic moves, exploiting hidden information, and limited rationality.


    Technical Requirements


    Special software is required to use some of the files in this course: .xls.


    *Some translations represent previous versions of courses.

     

ACKNOWLEDGEMENT:
This course content is a redistribution of MIT Open Courses. Access to the course materials is free to all users.






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