|In terminology of economics a game is any situation where the best course of actions depends on what others will do. Under this definition, most business environments are games. Game theory is a framework for analyzing games. The course will focus on two questions: (i) how to design games (i.e., how to structure the business environment), and (ii) how to play games (i.e., how to predict what others will do and respond appropriately).
Description and/or course criteria last updated: 06/2013