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What you'll learn

Your decisions will impact others and others’ decisions impact you. So, how do we anticipate other people’s decisions in our decision making?

It helps you understand the world around you from a fresh perspective. (Refer to the questions in the course description)

It helps refine your thinking on dealing with uncertainty and decision-making

You can develop skills like structured problem-solving and strategic thinking

Skills you'll gain

Strategic Decision-Making

Economics

Complex Problem Solving

Market Dynamics

Digital Media Strategy

Mergers & Acquisitions

Business Strategy

Advertising

Game Theory

Behavioral Economics

Business Leadership

Market Opportunities

Innovation

Organizational Change

There are 5 modules in this course

This course on game theory is developed based on courses being offered at IIMA for the past several years by Prof Viswanath Pingali, an award-winning faculty member at IIMA. This course emphasizes an intuitive approach to game theory rather than focusing on quantitative techniques. This course helps you acquire a competitive edge through enhanced strategic thinking, structured problem-solving, and optimal decision-making in complex situations., The course also discusses behavioral economics insights, where applicable. We try and answer a few questions (not exclusive): (1) Why do price wars happen? (2) What is the problem of commons, and what are its implications for the climate change debate? (3) How do modern businesses operate and what are some implications? (4) Why is culture at firms and economies so difficult to change? (5) What is the unicorn mania that is dominating today’s conversation? (6) Why did some companies offer much larger warranty than the market norm? (7) Why is winning risky in markets with uncertainty and how could information asymmetry lead to market failure?

Week 2: Nash Equilibrium

Week 3: Sequential Games

Week 4: Games when there is Uncertainty in Information

Peer Review Assignment