This course applies the tools of game theory to the behavior of firms and the structure of markets. It develops the core solution concepts, including dominance, rationalizability, Nash equilibrium, mixed strategies, and subgame perfection, and applies them directly to competition in quantity, price, and product position. Those concepts are applied to topics in industrial organization, including market power, pricing strategy, collusion, antitrust, and market entry.
Game theory is designed to provide students with the tools necessary to think through the various courses of action available as they face a uncertain situations, determine market reaction to each alternative, identify the costs and benefits of each course of action and select the course of action that minimizes cost while maximizing benefits. The purpose of this course is to introduce cadets to the application of strategic thinking to tactical scenarios. This course consists of two components that are taught concurrently. The first component is the introduction of basic game theory and the second component is the application of those theories to tactical and strategic choice scenarios.
Game theory is designed to provide students with the tools necessary to think through the various courses of action available as they face a uncertain situations, determine market reaction to each alternative, identify the costs and benefits of each course of action and select the course of action that minimizes cost while maximizing benefits. The purpose of this course is to introduce cadets to the application of strategic thinking to tactical scenarios. This course consists of two components that are taught concurrently. The first component is the introduction of basic game theory and the second component is the application of those theories to tactical and strategic choice scenarios.
Game theory is designed to provide students with the tools necessary to think through the various courses of action available as they face a uncertain situations, determine market reaction to each alternative, identify the costs and benefits of each course of action and select the course of action that minimizes cost while maximizing benefits. The purpose of this course is to introduce cadets to the application of strategic thinking to tactical scenarios. This course consists of two components that are taught concurrently. The first component is the introduction of basic game theory and the second component is the application of those theories to tactical engagement scenarios.
