Game Theory (MARK 8397)
Course Outline: This class will study noncooperative game theory, and is meant for Ph.D. students in Marketing, Finance, Accounting, Economics, and Operations Management. The major topics to be covered are decision theory, strategic form games, extensive form games, Bayesian games, mechanism design, infinite horizon games and repeated games etc. We will also give attention to informational issues and how different equilibrium concepts can be used in games with different information structures. The course is theoretical in nature, but we will also study interesting applications of each major topic covered in the course. An important aspect of the applications of Game Theory will be to understand how firms compete, and gain competitive advantage by using various strategies. The idea is to see how strategy formulation at the firm level should take into account competitive reaction, and how Game Theory is used to analyze this.
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