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Strategic Decision-Making Using Game Theory
Intermediate Level

Strategic Decision-Making Using Game Theory

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  • 1.5-3 Avg Hours
  • CPD Accredited
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Strategic Decision-Making Using Game Theory

In this free online course, learn how to make strategic organizational decisions by applying concepts of game theory.
Organizational decisions are made between competing choices with respect to preferences. Game theory takes into account the various forces that contribute to the best decisions for favorable economic growth. ... Organizational decisions are made between competing choices with respect to preferences. Game theory takes into account the various forces that contribute to the best decisions for favorable economic growth. In this course, you will learn about the basic concepts of game theory and its application in economics, bargaining, and negotiation. We will also delve into the intricacies surrounding evolutionary game theory for decision-making and voting.
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What You Will Learn In This Free Course

  • Summarise the fundamental concepts ...
  • Apply game theory to make strategic...
  • Define simultaneous games and their...
  • Analyse static and dynamic games of...
  • Summarise the fundamental concepts and principles of game theory
  • Apply game theory to make strategic decisions in personal and professional situations
  • Define simultaneous games and their significance in game theory
  • Analyse static and dynamic games of complete information with their concepts
  • Describe repeated games and their importance in modelling ongoing interactions and relationships
  • Recognise the impact of game theory in shaping the economic landscape and decision-making
  • Explain how to apply game theory principles to economics
  • Recall evolutionary game theory with its concepts and dynamics
  • Assess group decision-making and voting scenarios using game theory
  • Illustrate how game theory principles and elements influence the designing of competitive and strategic games
  • Indicate winning strategies in game theory for successful bargaining and negotiation outcomes
  • Discuss the potential future applications of game theory
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Learner Reviews & Feedback For Strategic Decision-Making Using Game Theory

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Robert R. Alison Graduate
loved this course this course
Great and excellent course to take. Pretty easy course since I have been taking a lot of economics courses in the past. Highly recommended this course to anyone.
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Nadine Feleciagc G. Alison Graduate
loved this course this course
I learn how to negotiations extend to employment contracts and compensation packages. Also about international negotiations which involve cross border trade, regulatory compliance, and cultural considerations.
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