Program Requirements - Game Theory and Decision Analysis BUSI 6508   Game Theory and Decision Analysis
CREDIT HOURS: 1.5
This is a course on quantitative and qualitative decision making in situations of uncertainty, conflict, competition, compromise and collaboration in business, economics, management and our broader society. Using a combination of participatory lectures online, seminar-like discourse and role play or computer simulations, students will engage actively to think both rationally and strategically in order to predict or assist the decisions of others and thereby inform and plan also their own choices, behaviours and actions. Specific topics include rational and strategic reasoning; preferences and value trade offs for single and multiple criterion decisions under certainty and uncertainty; economic utility and social choice theory; the study of competitive auctions, bidding, bargaining, negotiations and voting; and an introduction to cooperative and non-cooperative game theory. Quantitative aspects will be complemented with a discourse of seminal economical and philosophical works including Adam Smith, Aristotle, Immanuel Kant or The Golden Rule, and their consequences, contributions and impact on own ethical behaviours and actions in the context of economic and social responsibility, equity, diversity and inclusion.
FORMAT: Lecture