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040243 VO Decision and Game Theory (MA) (2016W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Details

max. 999 participants
Language: English

Examination dates

Lecturers

Classes (iCal) - next class is marked with N

Monday 03.10. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 10.10. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 17.10. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 24.10. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 31.10. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 07.11. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 14.11. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 21.11. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 28.11. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 05.12. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 12.12. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 09.01. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 16.01. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7
Monday 23.01. 09:45 - 11:15 Hörsaal 7 Hauptgebäude, Hochparterre, Stiege 7

Information

Aims, contents and method of the course

This course provides an Introduction to Decision and Game Theory. The language of Instruction is English. Decision Theory provides a formal account of individual choices in environments with Risk and Uncertainty. Therefore, a good understanding of Decision Theory is useful in various areas of Business Administration including (but not limited to) Operations Research, General Management and Finance. Game Theory provides an analysis of individual decision-making in strategic environments (i.e. environments in which the payoffs of different alternatives depend on the choices of others). A paramount example of such situation is the market in which a firm operates. Game Theory is related to various areas like Operations Research, Strategy, Marketing, etc.

Assessment and permitted materials

There will be a final exam. Passing grade is 50%. In addition, students who hand in home assignments can get extra credit.

Minimum requirements and assessment criteria

Examination topics

I. Decision Theory
1. Introduction to Decision Theory and Rationality.
2. Expected Utility and its Paradoxes.
3. Risk
4. Uncertainty.

II Game Theory
1. Introduction and Basic Concepts.
2. Dominant Strategies.
3. Beliefs about others' play. Alternative Models
3. Nash Equilibrium.
4. Non Credible Threats and Backwards Induction

Reading list

The main reference is Tadelis' Game Theory book. For the Decision Theory part we will also use a bit of Binmore's Rational Decisions. For the Game Theory part, Osborne's Game Theory is also useful.

Association in the course directory

Last modified: Mo 07.09.2020 15:29