Advanced Certificate in Game Theory for Strategic Planning
-- ViewingNowThe Advanced Certificate in Game Theory for Strategic Planning is a comprehensive course that equips learners with the essential skills needed to excel in strategic planning and decision-making. This course is of utmost importance as it provides a deep understanding of Game Theory, a powerful tool used in various industries to analyze and formulate strategic moves.
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โข Introduction to Game Theory: Fundamentals of game theory, strategic thinking, and decision-making; understanding the concept of games, players, and payoffs; static and dynamic games.
โข Normal Form Games and Dominant Strategies: Representation of games in normal form; dominant and dominated strategies; iterated elimination of dominated strategies; best responses and rationalizability.
โข Mixed Strategies and Nash Equilibria: Mixed strategies and probability distributions; mixed strategy Nash equilibria; existence and uniqueness of Nash equilibria; computing mixed strategy NE.
โข Extensive Form Games and Subgame Perfect Equilibria: Extensive form games, game trees, and sequential moves; subgame perfection; repeated games and folk theorems; introduction to repeated prisoner's dilemma.
โข Cooperative Game Theory: Coalitions and Solutions: Coalitions, core, and Shapley value; stable solutions; bargaining and negotiation processes; cooperative game applications.
โข Bayesian Games and Incomplete Information: Incomplete information in games; Bayesian games; Bayesian Nash equilibria; applications of Bayesian games in strategic planning.
โข Repeated Games and Evolutionarily Stable Strategies: Repeated games, infinitely repeated games, and evolutionarily stable strategies; analyzing behavior in repeated games; evolution of cooperation.
โข Game Theory Applications in Business and Economics: Auctions, pricing strategies, market competition, and oligopolies; mergers and acquisitions; bargaining and negotiation; strategic alliances.
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