Description
BUSA 463 GAME THEORY: MODELS FOR BUSINESS. This course provides the foundations of game theory?s analytical framework for studying business decisions which involve two or more firms. Game theory can be an important additional tool for managers in the analysis of business decisions. The course will focus primarily on the application of game theory in decisions regarding strategic pricing, entry-mode decisions, optimal wages, promotion, and innovation. In addition to learning particular models, students will also consider how managers can leverage various information and data sources to apply these models to specific environments. Prerequisite: Mathematics 141, 161, or 162. Alternate fall semesters, three hours.